Kirloskar Electric Company Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
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Kirloskar Electric reported Q1 FY26 standalone revenue of ₹13,224 lakhs, marginally down from ₹13,347 lakhs in Q1 FY25. Standalone profit after tax fell sharply to ₹69 lakhs (from ₹227 lakhs), while consolidated PAT dropped to ₹42 lakhs from ₹193 lakhs YoY. The power generation segment grew to ₹7,207 lakhs (from ₹6,066 lakhs), but the rotating machines segment declined steeply to ₹5,944 lakhs (from ₹7,668 lakhs). The statutory auditor issued a qualified opinion on ₹11,013 lakhs recoverable from subsidiaries, flagged going concern risks given the eroded net worth, and drew attention to a ₹527 lakhs resale tax penalty SLP. The Board also approved continuation of an independent director beyond age 75 and appointment of a new cost auditor.
A weak quarter with profits down nearly 70% YoY on flat revenue signals margin pressure despite top-line stability. Key overhangs remain: the qualified audit opinion on subsidiary dues, the eroded consolidated net worth, and pending monetization of Hubballi land — though auditors accepted management's going concern assumption.