Kirloskar Brothers Limited has announced its audited financial results for the quarter and financial year ended March 31, 2026. The Board of Directors, at its meeting held on May 13, 2026, approved the standalone and consolidated results and recommended a final dividend of ₹7.00 per equity share, i.e., 350%, for the financial year 2025-26. The record date for determining dividend entitlement is Friday, July 24, 2026, and the payment is scheduled on or before August 29, 2026, subject to shareholder approval at the 106th Annual General Meeting (AGM) to be held via Video Conference on July 31, 2026, at the company's Registered Office in Pune. The statutory auditors, M/s. Sharp & Tannan, issued an unmodified opinion on the audited financial results.

Financial Performance Overview

For the financial year ended March 31, 2026, Kirloskar Brothers reported a consolidated revenue from operations of ₹45,380 million, compared to ₹44,922 million in the previous year. Consolidated net profit for the year stood at ₹3,772 million, compared to ₹4,187 million in the prior year. On a standalone basis, revenue from operations for the year was ₹28,281 million versus ₹29,014 million previously, while standalone net profit was ₹2,390 million against ₹2,621 million in the prior year.

The following table summarises the key annual financial metrics:

Quarterly Results

For the quarter ended March 31, 2026, standalone revenue from operations was ₹9,091 million and net profit was ₹872 million. Consolidated revenue for the quarter was ₹14,151 million and net profit was ₹1,121 million. The quarterly figures for March 31, 2026 represent the balancing figures between the audited full-year results and the published year-to-date figures up to the third quarter.

EBITDA Performance

On a consolidated basis, Kirloskar Brothers reported Q4 EBITDA of ₹1.82 billion, compared to ₹1.90 billion in the same quarter of the previous year. The EBITDA margin contracted to 12.90% from 14.80% on a year-on-year basis, reflecting the impact of higher costs during the quarter.

Exceptional Items

The financial results included exceptional items of ₹414 million for the standalone financial year and ₹389 million for the consolidated financial year. On a standalone basis, the exceptional item of ₹414 million relates to an incremental past service cost recognised on post-employment defined benefits following the notification of the New Labour Codes by the Government of India with effect from November 21, 2025. This impact is classified as exceptional given its non-recurring, regulatory nature. On a consolidated basis, the exceptional items of ₹389 million comprise the impact of the New Labour Codes (₹417 million), a payment under the Voluntary Retirement Scheme in Karad Projects and Motors Limited (KPML) (₹3 million), and a reversal of provision due to settlement of a sales tax assessment in KPML (₹28 million credit).

During the year, the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench, passed an order dated November 3, 2025, approving the merger of the company's step-down subsidiary, The Kolhapur Steel Limited (TKSL), into its wholly owned subsidiary, Karad Projects and Motors Limited (KPML), with an appointed date of October 3, 2024. The order was filed with the Registrar of Companies on December 5, 2025. Additionally, on a standalone basis, the company recovered certain old trade receivables for which provisions of ₹564 million had been created over the years; accordingly, the provision no longer required was written back under "Other Expenses" in the standalone financial statements, with no impact on consolidated results.

Segment Performance and Geographic Revenue

The company and the group operate in a single reporting segment of 'Fluid Machinery and Systems'. The consolidated geographic revenue breakdown for the financial year is presented below:

Balance Sheet Highlights

On a standalone basis, total assets stood at ₹30,193 million as at March 31, 2026, compared to ₹27,260 million in the prior year. Total equity was ₹18,485 million. On a consolidated basis, total assets were ₹44,069 million versus ₹36,654 million previously, with total equity at ₹24,759 million.

Cash Flow Summary

For the financial year ended March 31, 2026, standalone net cash from operating activities was ₹2,769 million, while consolidated net cash from operating activities was ₹3,342 million. Standalone cash and cash equivalents at the end of the period stood at ₹758 million, and consolidated cash and cash equivalents were ₹4,010 million.

Kirloskar Brothers Limited's Board of Directors, at its meeting held on May 13, 2026, approved a series of key governance decisions, including the re-appointment of Ms. Rama Kirloskar as Joint Managing Director and the appointment of new audit firms for Financial Year 2026-27. The board meeting commenced at 9.30 a.m. and concluded at 01.30 p.m. These disclosures were made pursuant to Regulation 30 read with clause 7 to Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Re-appointment of Ms. Rama Kirloskar as Joint Managing Director

The board approved the re-appointment of Ms. Rama Kirloskar as Joint Managing Director of the Company, based on the recommendation of the Nomination and Remuneration Committee. The re-appointment is subject to approval by shareholders at the ensuing Annual General Meeting. Key details of the re-appointment are as follows:

Profile of Ms. Rama Kirloskar

Ms. Rama Kirloskar, aged 36, has been a Director on the Board of Kirloskar Brothers Limited since July 28, 2017, and has served as Joint Managing Director since August 03, 2021. She also serves as Managing Director of Kirloskar Ebara Pumps Limited (KEPL), a joint venture between Ebara Corporation, Japan and Kirloskar Brothers Limited. She has been credited with the turnaround of KEPL into a debt-free company.

Prior to her current role, Ms. Kirloskar served as General Manager and Head of Product Portfolio Management at Kirloskar Brothers Limited, where she was responsible for Go-to-market strategy, product value management, and restructuring for the mass production business, as well as material grade rationalization for the foundry business and product rationalization for the made-to-order business.

Ms. Kirloskar holds a double major in Mathematics and Biology from Bryn Mawr College, USA. She subsequently worked at Polaris Partners, a multi-stage venture capital firm headquartered in Boston, MA, USA, and later at the Koch Institute at Massachusetts Institute of Technology (MIT), USA. Her research contributed to work with Visterra Inc., an MIT biotechnology start-up focused on therapeutics for infectious diseases. She is one of the authors of a publication in the journal Cell (Robinson et al., 2015, Cell 162, 1–12, doi:10.1016/j.cell.2015.06.057), titled "Structure-Guided Design of an Anti-Dengue Antibody Directed to a Non-Immunodominant Epitope."

She also holds directorships in Karad Projects and Motors Limited, Prakar Investments Private Limited, KPT Industries Limited, and DCM Shriram Fine Chemicals Limited (the latter two as an Independent Director). Ms. Rama Kirloskar is related to Mr. Sanjay Kirloskar, Chairman and Managing Director, and Mr. Alok Kirloskar, Non-Executive Non-Independent Director of the Company. She is not debarred from holding the office of Director by virtue of any SEBI order or any other authority, as per the SEBI Letter dated June 14, 2018 read with NSE Circular No. NSE/CML/2018/24 dated June 20, 2018.

She is also on the Executive Council of AGNII (Accelerating Growth of New India's Innovations), a programme of the Office of the Principal Scientific Adviser to the Government of India and a Mission under the Prime Minister's Science Technology and Innovation Advisory Council (PM-STIAC).

Appointment of Internal Auditor and Cost Auditor for FY2026-27

The board also approved the appointment of an Internal Auditor and Cost Auditor for Financial Year 2026-27. The details of these appointments are outlined below.

Internal Auditor

Cost Auditor

All the above disclosures have been made in compliance with SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, and are also available on the Company's website at www.kirloskarpumps.com .