Kirloskar Industries FY26 net profit rises 63.3% to ₹503.18 crore
Kirloskar Industries reported a 63.3% rise in FY26 net profit to ₹503.18 crore, driven by merger benefits and tax reversal. Revenue grew 5% to ₹6,938.74 crore.
*this image is generated using AI for illustrative purposes only.
Kirloskar Industries Limited reported a 63.3% rise in consolidated net profit to ₹503.18 crore for the year ended March 31, 2026, compared to ₹308.22 crore in the previous year. Revenue from operations increased 5% to ₹6,938.74 crore from ₹6,608.06 crore in FY25. The Board of Directors approved the audited consolidated financial results for the quarter and year ended March 31, 2026, at its meeting held on June 19, 2026.
The results reflect the effectiveness of the Scheme of Arrangement sanctioned by the National Company Law Tribunal (NCLT), Mumbai Bench, on June 2, 2026. The merger of Oliver Engineering Private Limited and Adicca Energy Solutions Private Limited with subsidiary Kirloskar Ferrous Industries Limited (KFIL) became effective from April 1, 2025. Consequently, the consolidated financial results have been updated to give effect to the merger, and previous year figures have been restated as per Ind AS 103.
The merger resulted in the transfer of unabsorbed depreciation and carried forward losses of the transferor companies to KFIL. The management evaluated the tax effect and recognised a deferred tax asset of ₹141.28 crore as on April 1, 2025. During the financial year, these losses were utilised for tax computation, resulting in the reversal of a current tax expense of ₹110.38 crore, which significantly boosted the bottom line.
Financial Performance
| Metric | FY26 (₹ in Crores) | FY25 (₹ in Crores) |
|---|---|---|
| Revenue from Operations | 6,938.74 | 6,608.06 |
| Total Income | 7,013.18 | 6,677.68 |
| Total Expenses | 6,484.90 | 6,243.69 |
| Profit for the Period | 503.18 | 308.22 |
| Basic EPS (₹) | 217.51 | 146.41 |
The company reported exceptional items amounting to a net expense of ₹12.68 crore for the year, primarily comprising the statutory impact of new Labour Codes amounting to ₹18.93 crore and an exceptional gain of ₹3.73 crore from the reversal of ESAR charges for unvested options.
Segment Performance
The Iron Casting segment, representing the consolidated results of KFIL, reported revenue of ₹4,314.19 crore for the year. The Tube and Steel segments reported revenues of ₹2,342.74 crore and ₹1,697.54 crore, respectively. The Investments segment reported revenue of ₹127.00 crore, while the Real Estate segment, representing Avante Spaces Limited, reported revenue of ₹8.77 crore.
Historical Stock Returns for Kirloskar Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.30% | +0.18% | +25.99% | +34.40% | -1.17% | +137.16% |
How will Kirloskar Industries sustain profit growth in FY27 after the one-time tax benefits from the merger are fully utilized?
What is the management's strategy for the Iron Casting segment given its dominance in the consolidated revenue?
Are there further acquisitions or corporate restructuring plans on the horizon following the successful integration of Oliver Engineering and Adicca Energy?
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