Financial Performance Summary (Standalone)

Q2 FY27 Financial Highlights:

  • Revenue from Operations: ₹164.44 crore, representing 16% year-over-year growth and 58% quarter-over-quarter growth
  • EBITDA: ₹12.45 crore with a margin of 7.6% (includes other income)
  • Operating EBITDA (excluding other income): ₹10.77 crore, showing 67% year-over-year growth
  • Profit Before Tax: ₹6.00 crore, representing 32% year-over-year growth
  • Profit After Tax: ₹5.99 crore, representing 32% year-over-year growth with a PAT margin of 3.6%

H1 FY27 Financial Highlights:

  • Revenue from Operations: ₹268.29 crore, showing a 2% decline compared to H1 FY26 (₹274.35 crore)
  • EBITDA: ₹12.76 crore with a margin of 4.8%, representing a 36% decline year-over-year
  • Operating EBITDA (excluding other income): ₹10.40 crore, showing a 22% decline year-over-year
  • Profit Before Tax: ₹0.05 crore, representing a 99% decline year-over-year
  • Profit After Tax: ₹0.00 crore, compared to ₹4.98 crore in H1 FY26

Business Performance Drivers

Order Inflow:

  • Q2 FY27 order inflow: ₹164 crore, showing 9% year-over-year growth
  • H1 FY27 order inflow: ₹348 crore, showing 18% year-over-year growth

Segment-wise Performance (Q2 FY27):

  • Rotating Machines: Revenue grew 24% year-over-year to ₹84 crore, driven by HV machines, alternators and EV motors
  • Power Generation/Distribution: Revenue of ₹67 crore, in line with Q2 FY26 performance, with healthy transformer order inflow supporting H2 execution visibility
  • Others segment (including spares and services): Revenue increased 14% year-over-year to ₹14 crore

Performance Drivers:

The Q2 FY27 performance reflects improved execution across business units, lower finance costs, and better absorption of employee costs.

Corporate Developments

Credit Rating Upgrade:

CRISIL upgraded the Company's long-term rating by two notches from CRISIL B+/Stable to CRISIL BB/Stable on October 22, 2026.

Capital and Financing:

  • Completed equity infusion of ₹40 crore, strengthening net worth and liquidity
  • Received sanction of ₹100 crore from Kotak Mahindra Bank

Management Commentary

Executive Chairman Vijay R. Kirloskar stated: "Q2 reflects a positive momentum moving into H2. Revenue has returned to its planned trajectory, and operating profitability has improved materially. With the credit rating upgrade and the equity infusion completed, the Company has a stronger balance sheet to support working capital and execution in the second half. Our focus remains on execution discipline, working-capital management and margin improvement."

Company Background

Kirloskar Electric Company Limited, founded in 1946, manufactures motors, alternators, generators, transformers and DG sets for power, industrial, infrastructure and mobility sectors. The company operates five manufacturing plants at Mysuru, Tumakuru, Govanahalli, Pune and Hubballi, supported by 14 domestic branch offices and international offices in Singapore and the UAE.