Kirloskar Electric Company Limited has submitted to the Exchange, outcome of the Board meeting including the IND AS audited financial results for the quarter and year ended March 31, 2026.
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Kirloskar Electric Company reported FY2026 standalone revenue of ₹58,934 lakhs, up 8.4% from ₹54,382 lakhs in FY2025, driven by the power generation/distribution segment which grew 23% to ₹30,509 lakhs. Full-year PAT grew 18% to ₹845 lakhs from ₹716 lakhs. However, Q4 FY2026 showed a sequential deterioration — revenue declined to ₹16,438 lakhs from Q3's ₹15,510 lakhs and the company reported a Q4 loss of ₹62 lakhs versus a Q3 profit of ₹409 lakhs. EBITDA margin compressed sharply to ~3.7% in Q4 from 8.9% in Q3 due to higher material costs (₹11,306 lakhs) and elevated employee expenses (₹2,474 lakhs). Exceptional item of ₹809 lakhs was a provision for new labour codes (gratuity/leave liability). Net worth is negative at -₹21,454 lakhs (after excluding revaluation reserve) though auditors confirmed no material going concern uncertainty. Management also announced appointment of new CFO (Dillip Kumar Pani) and promotion of CEO Janaki Kirloskar to Joint Managing Director.
Q4 loss and sharp margin compression are near-term concerns despite full-year profit growth; negative net worth and heavy reliance on asset monetization (Hubballi property) to fund operations remain key risks for shareholders.