Financial Performance Highlights

Standalone Performance (Q1 FY27 vs Q1 FY26):

  • Total Income: ₹16.7 crore (increased 12% from ₹14.9 crore)
  • PAT (before Other Comprehensive Income): ₹7.1 crore (decreased 9% from ₹7.8 crore)

Consolidated Performance (Q1 FY27 vs Q1 FY26):

  • Total Income: ₹1,798.7 crore (increased 5% from ₹1,716.4 crore)
  • PAT (before Other Comprehensive Income): ₹79.2 crore (decreased 67% from ₹238.2 crore)

Note on PAT Comparison: The Q1 FY26 PAT included recognition of deferred tax on unabsorbed depreciation and carry forward losses arising from the Oliver and Adicca merger.

Management Commentary

George Verghese, Managing Director of KIL, commented on the Q1 FY27 results, stating that the company delivered a resilient performance with consolidated revenue growth of 5% year-over-year to ₹1,799 crore and PAT of ₹79.2 crore. He attributed the performance to strong contributions from core businesses and the strength of the diversified group structure.

Specifically regarding subsidiary performance:

  • Kirloskar Ferrous demonstrated continued operational resilience with 4% year-over-year revenue growth
  • Castings business recorded 18% volume growth
  • Steel business recorded 13% volume growth
  • Growth was driven by strong automotive and precision engineering demand

On real estate operations:

  • The Avante Business Park project continues to progress as planned
  • The company emphasized disciplined execution

Company Background

Kirloskar Industries Limited is the Core Investment Company (CIC) of the Kirloskar Group, one of India's oldest and most diversified business conglomerates with a legacy spanning over 135 years. KIL holds strategic investments across the Group's portfolio companies spanning engineering, manufacturing, and infrastructure sectors. The company provides strategic oversight and capital allocation support to its portfolio companies.

Safe Harbor Statement

The document includes a standard safe harbor statement noting that forward-looking statements regarding company objectives, projections, estimates and expectations may differ materially from actual results, and the company assumes no obligation to update such statements.