Kirloskar Brothers Limited has uploaded the transcript of its conference call with analysts and investors regarding the audited financial results for the quarter and financial year ended March 31, 2026. The call was held on May 15, 2026, and the transcript has been uploaded to the company's website in compliance with SEBI regulations. The Board had previously approved the standalone and consolidated results on May 13, 2026, recommending a final dividend of ₹7.00 per equity share for the financial year 2025-26.

Financial Performance Overview

For the financial year ended March 31, 2026, the company 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 was ₹28,281 million versus ₹29,014 million previously, while standalone net profit was ₹2,390 million against ₹2,621 million.

Management Commentary

During the conference call, management highlighted that the consolidated revenue for Q4 FY26 stood at ₹14.151 billion, marking a 10% year-on-year growth. Full-year revenue reflected a marginal growth of 1%. The performance was impacted by exceptional items of ₹389 million for the financial year, primarily due to the implementation of new Labour Codes. The company also noted temporary operational disruptions at its foundry due to SAP-based ERP implementation, which has now largely stabilized.

Order Book and Outlook

The domestic order book stands at ₹24.680 billion, registering a growth of 30% over the previous year, while the international order book grew 21% year-on-year to ₹14.808 billion. Management expressed optimism regarding the growth trajectory, backed by a healthy mix of domestic and international business and a robust order pipeline. The company continues to focus on operational excellence and strict commercial policies to ensure sustainable growth.

Promoters of kirloskar brothers have confirmed that they did not create any encumbrance, directly or indirectly, on the shares held by them during the financial year ended March 31, 2026. This declaration was submitted by Atul Kirloskar on behalf of himself and the promoter group pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The disclosure, dated April 3, 2026, was addressed to BSE Limited and the National Stock Exchange of India Limited. It stated that the promoter group has not pledged any shares during the specified period. The company has been requested to communicate this declaration at its next Audit Committee Meeting as per Regulation 31(5) of the SEBI Takeover Code.

Shareholding Details

The declaration included an annexure detailing the shareholding of various promoter and promoter group members as of March 31, 2026. The data indicates the specific number of shares held by each entity and the corresponding percentage of total shareholding. The list includes individual promoters such as Atul C Kirloskar, Rahul Chandrakant Kirloskar, and Sanjay Chandrakant Kirloskar, as well as various group companies and trusts.

Promoter Holdings

The following table summarizes the holdings of key promoters, confirming that no shares were pledged or encumbered:

Additional notes provided in the disclosure clarified the nature of holdings for certain individuals. For instance, Sanjay Chandrakant Kirloskar holds a significant portion of his shares in his individual capacity, while also holding shares as a trustee for the Kirloskar Brothers Limited Employees Welfare Trust Scheme and the C.S. Kirloskar Testamentary Trust. Similarly, other promoters hold shares in individual capacities, as Kartas of HUFs, or as trustees of specific trusts.