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Kirloskar Oil Engines Results: Latest Quarterly Results & Analysis

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Kirloskar Oil Engines Ltd. 11 Nov 2025 18:35 PM
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Q2FY26 Quarterly Result Announced for Kirloskar Oil Engines Ltd.

Industrial Machinery company Kirloskar Oil Engines announced Q2FY26 results

Consolidated Financial Highlights:

  • Revenue from continuing operations at Rs 1,948 crore for Q2FY26 vs Rs 1,499 crore for Q2FY25; 30% increase YoY.
  • Net profit from continuing operations# at Rs 159 crore for Q2FY26 vs Rs 106 crore for Q2FY25; 51% increase YoY.

Standalone Financial Highlights:

  • Net sales at Rs 1,593 crore for Q2FY26 vs Rs 1,184 crore for Q2FY25; 35% increase YoY.
  • EBITDA at Rs 214 crore for Q2FY26 vs Rs 148 crore for Q2FY25; 45% increase YoY.
  • EBITDA margin at 13.4% for Q2FY26 vs 12.4% for Q2FY25.
  • Net profi# at Rs 141 crore for Q2FY26 vs Rs 98 crore for Q2FY25; 44% increase YoY.
  • Cash and cash equivalents of, 475 crore

Gauri Kirloskar, Managing Director, Kirloskar Oil Engines, said: " Kirloskar Oil Engines Limited (KOEL) has delivered its best-ever performance in Q2FY26, marking a key milestone in the company's growth journey. We crossed the, 1,500 crore revenue mark for the first time in a quarter and achieved our highest-ever Hl sales of, 3,027 crore. All segments within the standalone business recorded double-digit growth, reflecting our strong market position and operational excellence. The Power Generation Business Unit continued its robust performance, supported by our extensive distribution network, strong brand equity, and ongoing innovation in engine and generator technology. On October 10th, we also announced a strategic restructuring of our B2C operations, transferring this business to our wholly owned subsidiary, La-Gajjar Machineries Private Limited, through a slump sale. This step strengthens our focus and aligns with our long-term strategic vision to reach a USD 2 billion top line by 2030. We are encouraged by the progress made and remain focused on executing our strategic priorities with discipline and consistency."

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Industrial Machinery company Kirloskar Oil Engines announced Q1FY26 results

Q1FY26 Consolidated Financial Highlights:

  • Revenue from operations at Rs 1,764 crore for Q1FY26 vs 1,632 crore for Q1FY25; 8% increase YoY.
  • Net profit at Rs 134 crore for Q1FY26 vs 133 crore for Q1FY25; 1% increase YoY.

Q1FY26 Standalone Financial Highlights:

  • Net sales at Rs 1,434 crore for Q1FY26 vs 1,334 crore for Q1FY25; 8% increase YoY.
  • EBITDA at, 190 crore for Q1FY26 vs 175 crore for Q1FY25; 9% increase YoY.
  • EBITDA margin at 13.2% for Q1FY26 vs 13% for Q1FY25.
  • Net profit at Rs 123 crore for Q1FY26 vs Rs 117 crore for Q1FY25; 5% increase YoY.
  • Cash and cash equivalents of, 639 crore

Gauri Kirloskar, Managing Director, Kirloskar Oil Engines, said: "KOEL has delivered its highest-ever Q1 standalone net sales at Rs 1,434 crore, marking a strong start to FY26 and setting a new benchmark in our growth trajectory. I am very pleased with the progress that we are making as an organization, especially on the engineering and product side. All the new products that we have launched recently, whether it is the Sentinel series or the Optiprime series, are performing well in the market, and we see good acceptance from our customers. On the Industrial side, we are working closely with our key customers and looking for opportunities to deepen our relationship with them. On the Arka front, we had announced a strategy of building out a retail book. In line with this strategy, we have launched new products, and we are building out our field infrastructure and capability. We are making progress on all the strategic pillars of our 2B2B strategy, and over the next quarters, you will hear more about it. On the market front, we see that the domestic economy is staying resilient, and we see the demand levels sustaining."

Result PDF

Industrial Machinery company Kirloskar Oil Engines announced Q4FY25 & FY25 results

Consolidated Q4FY25 Financial Highlights:

  • Revenue from operations at Rs 1,753 crore for Q4FY25 vs Rs 1,660 crore for Q4FY24; 6% increase YoY, 21% increase QoQ
  • Net profit at Rs 111 crore for Q4FY25 vs Rs 135 crore for Q4FY24; 18% decrease YoY, 64% increase QoQ

Consolidated FY25 Financial Highlights:

  • Revenue from operations at Rs 6,349 crore for YTD FY25 vs Rs 5,898 crore for YTD FY24; 8% increase YoY
  • Net profit at Rs 449 crore for YTD FY25 vs Rs 451 crore for YTD FY24; 0.4% decrease YoY

Standalone Q4FY25 Financial Highlights:

  • Net sales at Rs 1,401 crore for Q4FY25 vs Rs 1,378 crore for Q4FY24; 2% increase YoY, 21% increase QoQ
  • EBITDA at Rs 171 crore for Q4FY25 vs Rs 179 crore for Q4FY24; 5% decrease YoY, 45% increase QoQ
  • EBITDA margin at 12.1% for Q4FY25 vs 12.8% for Q4FY24
  • Net profit at Rs 106 crore for Q4FY25 vs Rs 118 crore for Q4FY24; 10% decrease YoY, 62% increase QoQ
  • Cash and cash equivalents (net of debt) * of Rs 448 crore

Standalone FY25 Financial Highlights:

  • Net sales at Rs 5,073 crore for YTD FY25 vs Rs 4,806 crore for YTD FY24; 6% increase YoY
  • EBITDA at Rs 654 crore for YTD FY25 vs Rs 567 crore for YTD FY24; 15% increase YoY
  • EBITDA margin at 12.8% for YTD FY25 vs 11.7% for YTD FY24
  • Net profit at Rs 416 crore YTD FY25 vs Rs 362 crore for YTD FY24; 15% increase YoY

Commenting on the results, Gauri Kirloskar, Managing Director, Kirloskar Oil Engines, said 'We are pleased to report a strong quarter and a strong close to the fiscal year. At Q4, we have delivered revenues of Rs 1,401 crore, that is the highest ever quarterly sales for KOEL while maintaining a healthy margin of 12.1%. Despite the demand correction post the pre-buy and the CPCB4 transition, our top/ine for the year grew by 6% to 5,073 crore, which is our highest ever sales figure. Our margins grew by 111 bps over the previous year. Both the 828 and the B2C side of the business grew, delivering on both top/ine and margin expectations.

This quarter marks the end of our 2x3y journey. At the beginning of FY 22, we had announced an ambitious plan to grow the company 2 times in 3 years, our 2x3y goal. Against this aspiration that we set out for ourselves, our top/ine grew 1.6x, our EB/TOA grew 2.4x and our Cash from Operations grew 2.6x. We had immense learnings from the last 3 years, not everything went as per our plans, but our teams showed great agility and resilience to deliver great results consistently over 3 years. I am very proud of what we achieved as a team in these 3 years, and this performance gives me confidence as we embark on our next phase of growth, the 2828 strategy, ie to grow the company to a 2 Billion Dollar organization in the next 5 years."

Result PDF

Heavy Electrical Equipment company Kirloskar Oil Engines announced Q3FY25 results

  • Revenue from operations at Rs 1,454 crore for Q3FY25 vs Rs 1,391 crore for Q3FY24; 4% increase YoY
  • Net profit at Rs 68 crore for Q3FY25 vs Rs 108 crore for Q3FY24; 37% decrease YoY

Gauri Kirloskar, Managing Director, Kirloskar Oil Engines, said "This quarter was a subdued quarter for KOEL with multiple headwinds. On the B2B side, as expected, we faced muted demand in our Powergen business post the emission norms transition. On the 82C side, we have successfully completed the consolidation of 5 plants into 1, which saw some impact on production. The B2B segment grew by 3% while the B2C segment declined by 14%. The demand from infrastructure and construction sectors continues to stay strong and we have also seen a successful transition to BS Von the Industrial business. We will stay watchful of the trends developing in the power generation market and expect that demand will return to earlier levels in the next couple of quarters."

Result PDF

Heavy Electrical Equipment company Kirloskar Oil Engines announced H1FY25 & Q2FY25 results

Q2FY25 Financial Highlights:

  • Net sales at Rs 1,184 crore for Q2FY25 vs Rs 1,047 crore for Q2FY24; 13% increase YoY.
  • EBITDA at Rs 148 crore for Q2FY25 vs Rs 109 crore for Q2FY24; 35% increase YoY.
  • EBITDA margin at 12% for Q2FY25 vs 10% for Q2FY24.
  • Net profit# at Rs 98 crore Q2FY25 vs Rs 66 crore for Q2FY24; 48% increase YoY.
  • Cash and cash equivalents* of Rs 213 crore

H1FY25 Financial Highlights:

  • Net sales at Rs 2,518 crore for H1FY25 vs Rs 2,303 crore for H1FY24; 9% increase YoY.
  • E8ITDA at Rs 321 crore for H1FY25 vs Rs 271 crore for H1FY24; 18% increase YoY.
  • EBITDA margin at 13% for H1FY25 VS 12% for H1FY24.
  • Net profit at Rs 215 crore H1FY25 vs Rs 175 crore for H1FY24; 22% increase YoY.

Gauri Kirloskar, Managing Director, Kirloskar Oil Engines, said: "This was a steady quarter for KOEL, marking the first quarter of the CPCB IV emission norm transition. We observed strong demand from the infrastructure and construction sectors. The B2B segment grew by 17%YoY for the quarter, while the B2C segment declined by 13%, due to a planned plant transition. We have completed the construction of our new manufacturing facility at Sanand, and we have consolidated 5 of our manufacturing locations at Ahmedabad, to a single unit. On the margin front, we progressed as expected, achieving an EBITDA margin of 12% for the quarter at a KOEL standalone level. Overall, we remain cautiously optimistic about demand, with expectations for H2 demand to pick up, especially given the low base from an election-impacted H1 market."

Result PDF

Heavy Electrical Equipment company Kirloskar Oil Engines announced Q1FY25 results:

Consolidated:  

  • Revenue from operations at Rs 1,636 crore for Q1FY25 vs Rs 1,543 crore for Q1FY24; 6% increase YoY
  • Net profit at Rs 133 crore for Q1FY25 vs Rs 131 crore for Q1FY24; 1% increase YoY

Standalone:

  • Net sales at Rs 1,334 crore for Q1FY25 vs Rs 1,256 crore for Q1FY24; 6% increase YoY
  • EBITDA at Rs 174 crore for Q1FY25 vs Rs 162 crore for Q1FY24; 7% increase YoY
  • EBITDA margin at 12.9% for Q1FY25 vs 12.8% for Q1FY24 
  • Net profit at Rs 117 crore for Q1FY25 vs Rs 109 crore for Q1FY24; 7% increase YoY
  • Cash and cash equivalents of Rs 410 crore 

Commenting on the results, Gauri Kirloskar, Managing Director, Kirloskar Oil Engines, said "We have a good start of the year with highest ever Ql numbers for KOEL standalone. The top line growth of 6% is on a high base as we had pre buy in Ql FY24 and if we remove the pre buy effect the top line growth is 18%. B2B business grew 5% year on year and B2C business also witnessed a double digit growth of 14% year on year. Exports at Rs 112 crore for the quarter grew by 15% year on year.

As we head into the upcoming quarter with the full implementation of CPCB IV emission norms, our outlook remains cautiously optimistic until we observe how the market adapts to the CPCB IV products across various segments."

Result PDF

Heavy Electrical Equipment company Kirloskar Oil Engines announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

Standalone:

  • Net sales at Rs 1,378 crore for Q4FY24 vs Rs 1,141 crore for Q4FY23; 21% increase YoY
  • EBITDA at Rs 178 crore for Q4FY24 VS Rs 129 crore for Q4FY23; 38% increase YoY
  • EBITDA margin# at 12.8% for Q4FY24 vs 11.2% for Q4FY23
  • Net profit at Rs 118 crore Q4FY24 vs Rs 93 crore for Q4FY23; 26% increase YoY
  • Cash and cash equivalents of Rs 269 crore

Consolidated:

  • Revenue from operations at Rs 1,660 crore for Q4FY24 vs Rs 1,384 crore for Q4FY23; 20% increase YoY
  • Net profit at Rs 131 crore for Q4FY24 vs Rs 107 crore for Q4FY23; 23% increase YoY

FY24 Financial Highlights:

Standalone:

  • Net sales at Rs 4,806 crore for FY24 vs Rs 4,073 crore for FY23; 18% increase YoY
  • EBITDA at Rs 578 crore for FY24 vs Rs 457 crore for FY23; 26% increase YoY
  • EBITDA margin at 11.9% for FY24 vs 11.1% for FY23
  • Net profit at Rs 375 crore for FY24 vs Rs 298 crore for FY23; 26% increase YoY

Consolidated:

  • Revenue from operations at Rs 5,898 crore for FY24 vs Rs 5,024 crore for FY23; 17% increase YoY
  • Net profit at Rs 468 crore for FY24 vs Rs 360 crore for FY23; 30% increase YoY

Commenting on the Q4 and full year results, Gauri Kirloskar, Managing Director, Kirloskar Oil Engines, said "This quarter and the entire year have been exceptionally noteworthy for Kirloskar Oil Engines. We achieved our highest-ever quarterly and yearly revenue figures, surpassing Rs. 500 crore in international sales for the first time. I firmly attribute this success to the relentless efforts of our teams, fueled by robust market demand. This marks the beginning of our ambitious journey towards becoming a technology driven leader in the power and energy systems.

From a business perspective, our CPCB IV products have experienced good traction, alongside the encouraging response for the newly introduced Optiprime range. Our B2B segment growth was backed by strong demand in key sectors such as construction, infrastructure, and railways. Meanwhile, our efforts focused to enhance profitability in the B2C segment have yielded substantial improvements in segment PBIT compared to the previous year.

Undoubtedly, it has been a challenging year operationally, navigating the transitions associated with emission norm changes. However, thanks to the dedication of our team and the support of our partners, we have successfully managed this transition. As we embark on the final year of our 2X 3Y journey, I am confident in the readiness and determination of the entire Kirloskar Oil Engines team to stay the course."

Result PDF

Heavy Electrical Equipment company Kirloskar Oil Engines announced Q3FY24 & 9MFY24 results:

Consolidated Q3FY24:

  • Revenue from operations at Rs 1,390 crore for Q3FY24 vs Rs 1,220 crore for Q3FY23; 14% increase YoY
  • Net profit at Rs 89 crore for Q3FY24 vs Rs 88 crore for Q3FY23; 1% increase YoY

Standalone Q3FY24:

  • Net sales at Rs 1,125 crore for Q3FY24 vs Rs 990 crore for Q3FY23; 14% increase YoY
  • EBITDA at Rs 133 crore for Q3FY24 vs Rs 109 crore for Q3FY23; 21% increase YoY
  • EBITDA margin at 11.7% for Q3FY24 vs 10.9% for Q3FY23
  • Net profit at Rs 82 crore Q3FY24 vs Rs 68 crore for Q3FY23; 21% increase YoY
  • Cash and cash equivalents of Rs 78 crore

Consolidated 9MFY24:

  • Revenue from operations at Rs 4,238 crore for 9MFY24 vs Rs 3,640 crore for 9MFY23; 16% increase YoY
  • Net profit at Rs 293 crore for 9MFY24 vs Rs 253 crore for 9MFY23; 16% increase YoY

Standalone 9MFY24:

  • Net sales at Rs 3,428 crore for 9MFY24 vs Rs 2,932 crore for 9MFY23; 17% increase YoY
  • EBITDA at Rs 386 crore for 9MFY24 vs Rs 328 crore for 9MFY23; 18% increase YoY
  • EBITDA margin at 11.2% for 9MFY24 vs 11.1% for 9MFY23
  • Net profit at Rs 244 crore for 9MFY24 vs Rs 205 crore for 9MFY23; 19% increase YoY

Gauri Kirloskar, Managing Director of Kirloskar Oil Engines, commented on the Q3 results, stating, "This was a good quarter for Kirloskar Oil Engines, evident in both financial achievements and significant progress in key strategic initiatives.

As part of our Global Power Generation business, we have appointed key GOEM partners in the MENA and North American regions during the quarter. This is a strategic step towards business expansion and facilitating market development in international markets. On the domestic front, we continued to see strong demand and are fulfilling our orders for both CPCBII and CPCBIV gensets. For our Industrial business, we saw strong demand from the construction and railway segments. Additionally, we secured a significant order in the defence and nuclear segment, worth Rs 768 crore from Nuclear Power Corporation of India Limited. This order stands as the largest single order ever received by Kirloskar Oil Engines. For our Distribution & Aftermarket business, enhancing our service penetration is a strategic priority and we are working towards growing our service capabilities.

Through various strategic initiatives on the B2C side, we are seeing a substantial improvement in profitability. With continued strength in domestic demand, I am confident that we are well-positioned on our 2X-3Y strategy path."

Result PDF

Heavy Electrical Equipment company Kirloskar Oil Engines announced Q2FY24 & H1FY24 results:

1. Q2FY24 Standalone Results:
- Net sales increased by 5% YoY, reaching Rs 1,305 crore.
- EBITDA decreased by 5% YoY, amounting to Rs 109 crore.
- EBITDA margin stood at 10.3%.
- Net profit decreased by 5% YoY, totaling Rs 69 crore.

2. H1FY24 Standalone Results:
- Net sales increased by 19% YoY, reaching Rs 2,303 crore.
- EBITDA increased by 24% YoY, amounting to Rs 271 crore.
- EBITDA margin stood at 11.7%.
- Net profit increased by 31% YoY, totaling Rs 180 crore.

3. Q2FY24 Consolidated Results:
- Revenue from operations increased by 6% YoY, reaching Rs 1,305 crore.
- Net profit increased by 7% YoY, totaling Rs 88 crore.

4. H1FY24 Consolidated Results:
- Revenue from operations increased by 18% YoY, reaching Rs 2,848 crore.
- Net profit increased by 35% YoY, totaling Rs 222 crore.

Business Overview:
1. Solid Order Backlog in B2B Segment:
- KOEL has a strong order backlog in the B2B segment, including CPCB II and CPCB IV genset orders.
- The company is also preparing for the upcoming emission norms for industrial engines.

2. Entry into the HHP Range with Optiprime and Optiprime Hybrid Genset Series:
- KOEL recently launched the Optiprime and Optiprime hybrid genset series, marking its entry into the high horsepower (HHP) range (above 1500kVA up to 3000kVA).
- The company is receiving good enquiries for these products, indicating a positive market response.

3. Stabilization Efforts in B2C Segment:
- KOEL's efforts to stabilize the B2C segment have led to improved segment margins compared to the previous year.
- This indicates progress in the company's strategy to strengthen its position in the B2C market.

Commenting on the Q2 results, Gauri Kirloskar, Managing Director, KOEL, said, "This quarter, KOEL has shown steady growth, with a 5% year-on-year increase in top/ine for the quarter and 19% top-line growth in H1. Our 828 segment has a solid order backlog, including CPC8 II and CPC8 IV genset orders. We are preparing for the next emission norms for industrial engines as well. We recently launched the Optiprime and Optiprime hybrid genset series, marking our entry into the HHP (>1500kVA up to 3000kVA) range. We are receiving good enquiries for these products. On the B2C front, our efforts to stabilize the business have led to improved segment margins as compared to last year. Seeing progress across all our strategic pillars, I am assured that we are on course to achieve our strategic growth objectives."

 

Result PDF

Heavy Electrical Equipment company Kirloskar Oil Engines announced Q1FY24 results:

  • Consolidated Q1FY24:
    • Revenue from operation at Rs 1,543 crore for Q1FY24 vs Rs 1,191 crore for Q1FY23; 30% increase YoY
    • Net Profit at Rs 126 crore for Q1FY24 vs Rs 82 crore for Q1FY23; 53% increase YoY
  • Standalone Q1FY24:
    • Revenue from operations at Rs 1,265 crore for Q1FY24 vs Rs 953 crore for Q1FY23; 33% increase YoY
    • EBITDA at Rs 153 crore for Q1FY24 vs Rs 103 crore for Q1FY23; 48% increase YoY
    • EBITDA margin at 12.1% for Q1FY24 vs 10.8% for Q1FY23
    • Net profit at Rs 103 for Q1FY24 vs Rs 65 crore for Q1FY23; 60% increase YoY
    • Net cash position of Rs 300 crore

Commenting on the Q1FY24 results, Gauri Kirloskar, Managing Director, KOEL, said, "We commenced the year on a positive note at KOEL. We had a record-high first quarter, with standalone revenue of Rs 1,265 crore. EBITDA margin was at 12.1%. Across the spectrum of KOEL's Powergen products, we have successfully secured CPCB IV emission norms certification, making us the first company in India to achieve comprehensive certification for our entire range. This quarter witnessed substantial advancements in our B2B product lineup, marked by noteworthy product introductions and range expansions. We are excited to enter the HHP range, with the introduction of our OptiPrime range designed with a strong focus on segments such as Data Centres and Infrastructure. OptiPrime is designed to address fluctuating power requirements of our customers by offering enhanced flexibility and lowering emissions. Meanwhile, on the B2C front (at a consolidated level) we continue to make improvements in profitability. This quarter we delivered a 15% growth in profit on a 4% growth in topline."

 

 

Result PDF

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