Date: October 27, 2026

Financial Performance Overview

Standalone Results Q2 FY27 vs Q2 FY26:

  • Revenue: Rs 320 Cr vs Rs 378 Cr (-15% YoY)
  • Total Income: Rs 328 Cr vs Rs 385 Cr (-15% YoY)
  • EBITDA: Rs 49 Cr vs Rs 65 Cr (-25% YoY)
  • EBITDA Margin: 12.2% vs 16.8%
  • PBT: Rs 40 Cr vs Rs 57 Cr (-31% YoY)
  • PBT Margin: 12.1% vs 14.8%
  • PAT: Rs 40 Cr vs Rs 43 Cr (-8% YoY)
  • PAT Margin: 12.2% vs 11.2%

Standalone Results H1 FY27 vs H1 FY26:

  • Revenue: Rs 620 Cr vs Rs 650 Cr (-5% YoY)
  • Total Income: Rs 636 Cr vs Rs 665 Cr (-4% YoY)
  • EBITDA: Rs 103 Cr vs Rs 109 Cr (-5% YoY)
  • EBITDA Margin: 16.2% vs 16.4%
  • PBT: Rs 85 Cr vs Rs 94 Cr (-9% YoY)
  • PBT Margin: 13.4% vs 14.1%
  • PAT: Rs 74 Cr vs Rs 71 Cr (+4% YoY)
  • PAT Margin: 11.6% vs 10.7%

Consolidated Results Q2 FY27 vs Q2 FY26:

  • Revenue: Rs 326 Cr vs Rs 386 Cr (-16% YoY)
  • Total Income: Rs 334 Cr vs Rs 394 Cr (-15% YoY)
  • EBITDA: Rs 49 Cr vs Rs 66 Cr (-26% YoY)
  • EBITDA Margin: 14.6% vs 16.7%
  • PBT: Rs 39 Cr vs Rs 57 Cr (-31% YoY)
  • PBT Margin: 11.8% vs 14.6%
  • PAT: Rs 40 Cr vs Rs 44 Cr (-10% YoY)
  • PAT Margin: 11.8% vs 11.1%

Consolidated Results H1 FY27 vs H1 FY26:

  • Revenue: Rs 629 Cr vs Rs 668 Cr (-6% YoY)
  • Total Income: Rs 646 Cr vs Rs 684 Cr (-6% YoY)
  • EBITDA: Rs 103 Cr vs Rs 107 Cr (-4% YoY)
  • EBITDA Margin: 15.9% vs 15.7%
  • PBT: Rs 84 Cr vs Rs 91 Cr (-8% YoY)
  • PBT Margin: 13.0% vs 13.4%
  • PAT: Rs 73 Cr vs Rs 69 Cr (+5% YoY)
  • PAT Margin: 11.3% vs 10.1%

Business Performance Highlights

Order Book Position: As of October 1, 2026, the order book stands at INR 2,040 Cr, representing a 10% increase from Rs. 1,863 Cr at the beginning of the year.

Segment Performance: Compression business continues to dominate, contributing approximately 94% of the Company's revenue for H1 FY27 and remains the only reporting segment.

Strategic Development

Memorandum of Understanding with Kobe Steel: During the quarter, Kirloskar Pneumatic Company Limited (KPCL) and Kobe Steel Ltd. (KOBELCO), Japan entered into a Memorandum of Understanding to explore and develop business opportunities in the Oil & Gas sector. The collaboration aims to:

  • Strengthen business platform and competitiveness in India's growing market
  • Expand business primarily in the oil and gas sectors
  • Create new business opportunities in carbon-neutrality-related fields
  • Focus on technology-led growth and engineering excellence
  • Deliver reliable and energy-efficient solutions for the global Oil & Gas industry

Management Commentary

Aman Kirloskar, Managing Director, commented: "Our performance during the first half reflects the immediate headwinds of an increasingly volatile global landscape. Geopolitical tensions and shipping disruptions directly impacted on the timing of our export clearances and dispatches, leading to temporary delays in certain consignments and deferred order finalizations. While these external uncertainties have moderated our near-term revenue and profitability, our core operational foundation remains resilient."

Company Background

Kirloskar Pneumatic Company Ltd. (KPCL) is a diversified company established in 1958 offering products including Air, Refrigeration, and Gas compressors and systems, vapour absorption chillers, and industrial gearboxes. The company serves industries such as steel, cement, cold chains, food and beverages, pharmaceuticals, railways, defense and marine, with significant presence in the Oil & Gas sector and CNG business in India.

The company has three manufacturing facilities across Maharashtra, a 150+ dealer network, a wholly owned subsidiary near Badlapur, Mumbai, a representative office in Dubai, and a subsidiary in Thailand.