StockWatch
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KIRLOSKAR BROTHERS LTD.-$

BSE: 500241

P/L Snapshot

Q1 FY27 · standalone

vs Q4 FY26·vs Q1 FY26
Revenue
689.80
-25.1%+9.0%
Expenditure
617.10
-20.6%+8.3%
Net Profit
54.00
-38.1%+14.9%
OPM %
11.28%
-2.35pp+0.53pp

Shareholding

Pattern breakdown

P/L Trends

(in crores)

RevenueExpenditureNet Profit
0.00257.80515.59773.391.0KQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Price Chart
Reports

Flat profit growth amid 13% revenue rise: Kirloskar's Q2 execution test begins now

profit-stall · margin-compression · foundry-modernization

Result verdictFollow-upQ1 FY2710 Aug 20266 minIndustrials & Infra

Flat profits mask margin erosion; order book intact but execution risk

order book · foundry modernization · data centers

TranscriptDeep diveQ1 FY2710 Aug 20266 minIndustrials & Infra

Kirloskar Brothers Q1: PAT flat at ₹67.6 Cr as margins compress despite 13% revenue rise

pumps · capital goods · margin compression

ResultsQ1 FY2731 Jul 20263 minIndustrials & Infra
Latest
Quarterly Result31 Jul, 2:10 pm

Kirloskar Brothers Q1: PAT flat at ₹67.6 Cr as margins compress despite 13% revenue rise

Kirloskar Brothers delivered its guided return to double-digit topline growth in Q1 FY27 — consolidated revenue rose 12.9% YoY to ₹1,104.9 Cr — but the bottom line failed to follow, with net profit essentially flat at ₹67.6 Cr versus ₹67.5 Cr a year ago (EPS ₹8.39 vs ₹8.40). The 39.7% sequential fall in PAT and 21.9% drop in revenue are largely seasonal, as Q4 is the year-end execution peak for the pump maker; YoY is the cleaner read, and it shows growth delivered on the top line but stalled on the bottom. The gap sits on margins. Net profit margin compressed to 6.1% from 6.9%, and operating margin eased to ~10.5% from ~11.4%, as cost of materials (+15.3% YoY) and employee expense (+15% YoY) both outran the 12.9% revenue gain. A mix shift toward faster-growing but lower-margin international operations is a factor: overseas revenue jumped 18.5% YoY to ₹422.9 Cr while domestic rose 9.6% to ₹682.0 Cr. The consolidated–standalone divergence is telling — the standalone (domestic parent) grew PAT 14.9% YoY to ₹54.0 Cr on 8.6% revenue growth, a materially better profit trajectory than the flat consolidated line, confirming that the foreign subsidiaries (one posted a ₹5.5 Cr loss in the quarter) diluted group profitability. The print broadly meets management's May guidance for a return to double-digit growth underpinned by a 30% domestic / 21% international order-book expansion — this quarter's international outperformance is consistent with that book, and concurrent developments support the thrust, with subsidiary SPP Pumps securing a GBP 11.7M order in July. But the promised operational-efficiency gains and international-margin-mix improvement have yet to show in the numbers. There were no exceptional items this quarter (the year-ago quarter carried only a ₹0.3 Cr VRS charge), so the flat YoY profit is clean rather than one-off-distorted. No brokerage consensus is on record for this mid-cap and the company gives no formal margin guidance; the Q1 earnings call is scheduled for August 3, where margin trajectory and order-book conversion will be the key questions into H2.

31 Jul 2026, 02:10 pm

Corporate Events

Board MeetingKIRLOSBROS
2026
31Jul

Board Meeting

To consider and adopt the Audited Standalone Financial State…

BSE Filing
Board MeetingKIRLOSBROS
2025
1Apr

Board Meeting

Trading Window Closure

BSE Filing
Board MeetingKIRLOSBROS
2024
29Oct

Board Meeting

Unaudited Financial Results

BSE Filing
Board MeetingKIRLOSBROS
2024
1Oct

Board Meeting

Trading Window Closure

BSE Filing
Board MeetingKIRLOSBROS
2024
2Aug

Board Meeting

Consider and approve the Unaudited Financial Results (Standa…

BSE Filing
DividendKIRLOSBROS
2024
26Jul

₹6 / share

BSE Filing
Board MeetingKIRLOSBROS
2024
14May

Board Meeting

Consider and approve the Audited Financial Results (Standalo…

BSE Filing
Board MeetingKIRLOSBROS
2024
14Feb

Board Meeting

Consider and approve Unaudited Financial Results (Standalone…

BSE Filing
Board MeetingKIRLOSBROS
2023
7Nov

Board Meeting

Consider and approve the Unaudited Financial Results (Standa…

BSE Filing