Kirloskar Oil Engines

Kirloskar Oil Engines has appointed Mr. Srikumar Vijayasekharan as an Additional Non-Executive Director in the capacity of Independent Director for a five-year term starting November 11, 2025. The appointment is subject to member approval. Vijayasekharan, aged 64, is a Chartered Accountant with over 40 years of experience and served as Chief Operating Officer of Deloitte South Asia from 2015 to 2023. During his tenure as COO, the firm grew over four times. He has extensive experience in audit and assurance services across manufacturing, financial services, healthcare, technology, and consumer business sectors. He currently serves as an Independent Director on the Board of Arka Fincap Limited. The appointee holds no shares in Kirloskar Oil Engines and is not related to any existing board member.

Kirloskar Oil Engines Limited delivered its best-ever quarterly performance in Q2FY26, with standalone net sales crossing ₹1,500 crore for the first time, reaching ₹1,593 crore compared to ₹1,184 crore in Q2FY25, marking a 35% year-on-year increase. Standalone net profit grew 44% to ₹141 crore from ₹98 crore in the previous year. EBITDA increased 45% to ₹214 crore with margins improving to 13.4% from 12.4%. For the half-year period H1FY26, standalone net sales reached ₹3,027 crore, up 20% from ₹2,518 crore in H1FY25, while net profit grew 23% to ₹264 crore. On consolidated basis, revenue from continuing operations for Q2FY26 was ₹1,948 crore, up 30% year-on-year, with net profit from continuing operations rising 51% to ₹159 crore. The company announced a strategic restructuring on October 10th, transferring its B2C operations to wholly owned subsidiary La-Gajjar Machineries Private Limited through a slump sale, aligning with its goal to reach ₹2 billion topline by 2030. All segments within the standalone business recorded double-digit growth, with the Power Generation Business Unit showing robust performance.

Kirloskar Oil Engines Limited reported a net profit of ₹134.90 crores for the quarter ended September 30, 2025, compared to ₹204.20 crores in the same period last year, marking a 34% decline. Revenue from operations decreased to ₹1,244.65 crores from ₹1,306.01 crores year-on-year. For the half-year period, net profit fell to ₹258.73 crores from ₹352.53 crores in the previous year. The company's Board approved the transfer of its Business to Customer (B2C) segment, including Water Management Solutions domestic and export business, to its wholly owned subsidiary La-Gajjar Machineries Private Limited through a slump sale. The company also invested $2 million (approximately ₹17.76 crores) in Series A-1 Preferred Stock of its US subsidiary Kirloskar Americas Corporation. Total assets stood at ₹4,747.19 crores as of September 30, 2025, compared to ₹4,307.50 crores in the previous year.