Kirloskar Oil Engines Limited (KOEL) announced its unaudited financial results for the second quarter (Q2) and half year (H1) of the financial year ending March 31, 2027 (FY27).

Standalone Financial Performance (Q2 FY27)

  • Revenue from Operations: ₹1,722.5 Crore, a 19% increase from ₹1,449.3 Crore in Q2 FY26.
  • EBITDA: ₹191.1 Crore, a 6% decrease from ₹204.0 Crore in Q2 FY26.
  • EBITDA Margin: 11.0%, down from 14.0% in Q2 FY26.
  • Net Profit: ₹115.2 Crore, a 14% decrease from ₹133.5 Crore in Q2 FY26.
  • Net Profit Margin: 6.6%, down from 9.2% in Q2 FY26.

Standalone Financial Performance (H1 FY27)

  • Revenue from Operations: ₹3,183.9 Crore, a 17% increase from ₹2,711.3 Crore in H1 FY26.
  • EBITDA: ₹356.6 Crore, a 5% decrease from ₹375.6 Crore in H1 FY26.
  • EBITDA Margin: 11.1%, down from 13.8% in H1 FY26.
  • Net Profit: ₹214.5 Crore, a 12% decrease from ₹243.0 Crore in H1 FY26.
  • Net Profit Margin: 6.7%, down from 8.9% in H1 FY26.

Consolidated Financial Performance (Q2 FY27)

  • Revenue from Operations: ₹2,284.0 Crore, a 17% increase from ₹1,950.6 Crore in Q2 FY26.
  • Net Profit: ₹130.3 Crore, an 18% decrease from ₹159.2 Crore in Q2 FY26.
  • Net Profit Margin: 5.7%, down from 8.2% in Q2 FY26.

Consolidated Financial Performance (H1 FY27)

  • Revenue from Operations: ₹4,283.8 Crore, a 15% increase from ₹3,713.7 Crore in H1 FY26.
  • Net Profit: ₹241.4 Crore, an 18% decrease from ₹293.4 Crore in H1 FY26.
  • Net Profit Margin: 5.6%, down from 7.9% in H1 FY26.

Liquidity Position (Standalone)

The company reported cash and cash equivalents of approximately ₹309 Crore as of the period end. This figure is net of debt and includes treasury investments but excludes unclaimed dividends.

Management Commentary

Gauri Kirloskar, Vice Chairperson and Managing Director, commented on the results. She stated that the company achieved a milestone with its best-ever quarter, realizing consolidated revenue of ~₹2,257 Crore. She attributed the robust 17% year-on-year growth to strong performances in Power Generation, Aftermarket, and international businesses, which led to market share gains despite severe headwinds from global commodity inflation. She also noted that strategic partnerships, such as the global agreement with DEUTZ and the first commercial billing of KASPL, position the company to drive high-impact, sustainable value.

Notes

  • The consolidated numbers reported are for continuing operations only.
  • For further details, readers are referred to the 'Notes to the financial results' published on the stock exchanges.