Please find enclosed the outcome of Board Meeting held on May 13, 2026
KIRLOSBROS · price
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Kirloskar Brothers Limited reported FY26 standalone revenue of Rs 28,281 million (down 2.5% from Rs 29,014 million in FY25) and consolidated revenue of Rs 45,380 million (up 1% from Rs 44,922 million). Standalone profit after tax declined 8.8% to Rs 2,390 million from Rs 2,621 million, while consolidated PAT fell 10.5% to Rs 3,612 million from Rs 4,034 million. The Board recommended a dividend of Rs 7 per share (350% on face value of Rs 2), same as previous year. Exceptional items of Rs 389 million (consolidated) primarily comprise Rs 417 million past service cost impact from new Labour Codes notified in November 2025. Statutory auditors Sharp & Tannan issued unmodified audit opinions on both standalone and consolidated results.
The decline in profitability despite stable revenue reflects margin compression from higher material costs and exceptional labour code charges. However, the maintained dividend payout signals management confidence. The clean audit opinion with no going concern issues is positive for investor sentiment.