Event Type and Purpose: The document contains the transcript of a conference call held on July 22, 2026, at 4:00 PM IST to discuss the unaudited financial results for the quarter ended June 30, 2026 (Q1 FY27). The call was hosted by Antique Stock Broking Limited.
Management Participants: The management team included Mr. Aman Kirloskar (Managing Director), Mr. Ramesh Birajdar (Chief Financial Officer), and Mr. Jitendra Shah (Company Secretary).
Financial Highlights:
Revenue from operations reached a record INR300 crores in Q1 FY27, up 10% from INR272 crores in Q1 FY26.
EBITDA was INR54 crores with a margin of 17.6%, compared to INR44.1 crores (15.7% margin) in Q1 FY26.
Profit Before Tax (PBT) stood at INR45.6 crores (14.8% margin) versus INR36.8 crores (13.1% margin) in the previous year.
Profit After Tax (PAT) was INR34.1 crores (11.1% margin) compared to INR28.1 crores (10% margin).
Basic Earnings Per Share (EPS) improved to INR5.25 per share from INR4.33 per share in Q1 FY26.
The company is debt-free with no term loans or working capital loans.
Material cost to sales improved to 43.9% from 47.2% in the previous year due to favorable product mix and in-house manufacturing.
The compression segment contributed over 94% of revenue with segment profitability at 22.1% versus 18.3% in Q1 FY26.
New order bookings were close to INR300 crores, and the order book stood at INR1,853 crores as of July 1, 2026.
The company's credit rating was upgraded to AA from AA- with a stable outlook by CRISIL.
A final dividend was approved and paid to shareholders within 24 hours of the Annual General Meeting held on July 21, 2026.
Business Updates and Outlook:
The company filed 35 IPs during the quarter and launched two new products: the Tonalli containerized biogas plant and the A-800 centrifugal compressor.
The air compressor division had its highest-ever order booking, driven by sectors like power plants, carbon dioxide, and metals.
The refrigeration compressor division saw record order booking for Khione compressors, though from a low base.
The process gas segment order booking was muted due to geopolitical tensions in the Middle East, but CNG and biogas compressors saw decent demand.
The precision engineering division had a slow quarter, but dispatches are expected to improve in Q2.
Geopolitical tensions in the Middle East are expected to continue impacting order finalization and dispatches, but domestic upstream and transmission pipeline activities are picking up.
The company expects sustained growth from structural shifts like gasification of fuel mix, demand for cold storage, and food processing.
For the Zephyros product, the company has a capex commitment of INR320 crores spread over FY27 and FY28, with revenue contribution expected to start in Q2 and substantial growth anticipated by FY28.
The company maintains its EBITDA margin guidance between 18% and 20%.
Compliance Statement: The company stated that no unpublished price sensitive information (UPSI) would be shared during the call, and forward-looking statements were accompanied by a disclaimer about potential risks and differences in actual outcomes.
Additional Notes Section
The transcript was submitted as a regulatory filing pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in continuation of a prior communication (SEC&LEG/583 dated July 18, 2026).
The transcript is available on the company's website at www.kirloskarpneumatic.com.
The document includes detailed financial data and management commentary from the earnings call.
