Kirloskar Electric Company Limited has informed exchange regarding a press release dated May 28, 2026, titled "Kirloskar Electric Company Limited reports FY26 results; underlying business ....
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Kirloskar Electric Company reported FY26 results with Q4 revenue growing 26.67% to ₹163.57 crores, the highest quarterly revenue in the company's recent history. The company made a proactive provision of ₹10 crores for New Labour Code compliance, impacting Q3 and Q4 FY26. Additionally, an accounting impact of ₹2.60 crores was recognised following NCLT approval of the merger of four wholly owned subsidiaries effective 1st April 2024. The combined impact of both items totals ₹12.60 crores for FY26. Core EBITDA margins remain healthy, and the merger is expected to deliver operating cost savings from Q1 FY27 onwards.
Revenue momentum is strong with 26.67% growth, but one-time charges of ₹12.60 crores may impact net profits. The completed subsidiary merger should improve operational efficiency going forward.