Key Financial Figures - Standalone (Continuing Operations)

Q2 FY27 Performance (₹ Crore):

  • Revenue from Operations: ₹1,739.0 (up 19% YoY)
  • EBITDA: ₹191.1 (down 6% YoY)
  • EBITDA Margin: 11.0% (vs 14.0% in Q2 FY26)
  • PAT from Continuing Operations: ₹115.2 (down 14% YoY)
  • PAT Margin: 6.6% (vs 9.2% in Q2 FY26)

H1 FY27 Performance (₹ Crore):

  • Revenue from Operations: ₹3,210.3 (up 18% YoY)
  • EBITDA: ₹356.6 (down 5% YoY)
  • EBITDA Margin: 11.1% (vs 13.8% in H1 FY26)
  • PAT from Continuing Operations: ₹214.5 (down 12% YoY)
  • PAT Margin: 6.7% (vs 8.9% in H1 FY26)

Key Financial Figures - Consolidated (Continuing Operations)

Q2 FY27 Performance (₹ Crore):

  • Revenue from Operations: ₹2,284.0 (up 17% YoY)
  • PAT from Continuing Operations: ₹130.3 (down 18% YoY)
  • PAT Margin: 5.7% (vs 8.2% in Q2 FY26)

H1 FY27 Performance (₹ Crore):

  • Revenue from Operations: ₹4,283.8 (up 15% YoY)
  • PAT from Continuing Operations: ₹241.4 (down 18% YoY)
  • PAT Margin: 5.6% (vs 7.9% in H1 FY26)

Segment Performance - Consolidated (Q2 FY27)

Revenue by Segment (₹ Crore):

  • B2B (Power & Energy): ₹1,745.3 (up 20% YoY)
  • B2C (Fluid Dynamics): ₹330.2 (up 28% YoY)
  • Financial Services: ₹208.6 (down 11% YoY)

Segment Results (₹ Crore):

  • B2B Profit: ₹147.6 (down 10% YoY)
  • B2C Profit: ₹22.9 (up 26% YoY)
  • Financial Services Profit: ₹6.1 (down 82% YoY)

Business Restructuring

With effect from 11th October 2025, the standalone B2C business was transferred to KFD (wholly owned subsidiary). The B2C operations for previous periods are presented as discontinued operations in standalone financial results. As this is a within-group transaction, there is no impact on the consolidated financial results.

Financial Services Business Update (AFHPL)

  • KOEL's total investment in AFHPL as on 30th September 2026: ₹1,053 Crore (includes ₹53 Crore profit on holding structure change)
  • AFHPL Consolidated Q2 FY27 Revenue: ₹209 Crore
  • AFHPL Consolidated Q2 FY27 PAT: ₹4.4 Crore
  • AFHPL YTD PAT: ₹11.4 Crore
  • Total Debt: ₹5,332 Crore
  • Treasury Assets: ₹935 Crore (unencumbered)
  • Debt to Equity Ratio: 3.9x (vs 4.0x as of 30th September 2025)
  • Total AUM: ₹7,781 Crore (excludes treasury assets, includes off balance sheet loan book of Arka Fincap Ltd)

Working Capital and Cash Position (Standalone)

  • Net Working Capital Days: 57 days (as of 30th September 2026)
  • Net Cash Position: ₹1,019 Crore (net of debt; includes treasury investments and excludes unclaimed dividends)

Operational Highlights

Power & Energy (B2B) Segment:

  • Domestic Powergen saw strong performance across LHP, MHP, and HHP segments
  • MHP market share surged to record numbers with significant uptick in HHP market share
  • International business showed strong performance and recovery with significant growth from Africa market
  • Global Distribution & Aftermarket Business saw strong growth across all channels
  • Good momentum in Railways and OEM sales with good traction in Electric motors segment
  • Industrial business maintained steady performance led by strong growth in Marine, Agri and Fluid Handling segments

Fluid Dynamics (B2C) Segment:

  • Q2 FY27 showed significant growth and clear revenue recovery
  • Strong market momentum supported by robust volume growth in domestic agricultural and commercial pumps
  • Domestic channel sales remained resilient
  • Export momentum improved sharply through the quarter

Scheduled Event

Conference Call for Investors and Analysts scheduled on Thursday, 5th November 2026, at 1.30 pm (IST) to discuss the unaudited Financial Results.