Kirloskar Industries Limited reported a consolidated net profit of ₹353.77 crores for the financial year ended March 31, 2026, reflecting a growth of 15% compared to ₹308.22 crores in the previous year. Total consolidated income for the year stood at ₹7,013.18 crores, a 5% increase from ₹6,677.68 crores in the prior year. The Board of Directors has recommended a final dividend of ₹13 (130%) per equity share of ₹10 each, subject to shareholder approval at the Annual General Meeting. The audited standalone and consolidated financial results were approved by the Board in its meeting held on May 19, 2026.

Q4 Performance Highlights

For the fourth quarter, Kirloskar Industries reported a net profit of ₹110.35 crores, compared to ₹97.09 crores in the same period of the prior year. Quarterly revenue rose to ₹1,874.90 crores from ₹1,774.44 crores year-on-year, reflecting continued top-line momentum. EBITDA for the quarter stood at ₹162.78 crores versus ₹129.51 crores in the corresponding prior-year period.

Consolidated Financial Performance

The company's consolidated total expenses for the year were ₹6,484.90 crores, compared to ₹6,243.69 crores in the prior year. Profit before exceptional items and tax on a consolidated basis stood at ₹528.28 crores, up from ₹433.99 crores previously. An exceptional item of ₹12.68 crores was recorded in the consolidated results, primarily arising from a change in wage definition under the new Labour Codes notified by the Government of India. The consolidated earnings per share (EPS) on a total basis was ₹151.92 (basic) and ₹150.97 (diluted) for the year, compared to ₹146.41 (basic) and ₹143.76 (diluted) in the prior year. The following table summarises the key consolidated financial metrics:

Standalone Financial Performance

On a standalone basis, Kirloskar Industries reported a net profit of ₹77.01 crores for the year, a decrease of 2% from ₹78.32 crores in the prior year. Total standalone income was ₹127.00 crores, compared to ₹120.57 crores previously. Standalone total expenses for the year were ₹31.51 crores versus ₹25.99 crores in the prior year. Profit before exceptional items and tax from continuing operations on a standalone basis stood at ₹95.49 crores, compared to ₹94.58 crores previously. The standalone EPS (basic) for continuing operations was ₹72.86, while total standalone EPS (basic) stood at ₹73.61 for the year.

Segment Results

The consolidated segment performance for the year reflects broad-based contributions across business verticals. The Iron Casting segment led revenue generation at ₹4,314.19 crores, while the Tube segment recorded a notable improvement in profitability with profit before tax and interest of ₹181.16 crores. The following table presents segment-wise revenue and profit before tax and interest from continuing operations:

Balance Sheet Highlights

On a consolidated basis, total assets as at March 31, 2026 stood at ₹11,660.27 crores, compared to ₹11,650.83 crores as at March 31, 2025. Total equity increased to ₹8,196.87 crores from ₹8,155.66 crores, while total liabilities declined to ₹3,463.40 crores from ₹3,495.17 crores. Consolidated cash and cash equivalents at the end of the year were ₹97.42 crores, up from ₹51.46 crores at the beginning of the year. On a standalone basis, total assets were ₹5,405.68 crores as at March 31, 2026, compared to ₹5,639.32 crores in the prior year. Standalone total equity stood at ₹4,910.28 crores, with equity share capital of ₹10.51 crores and other equity of ₹4,899.77 crores.

Corporate Governance

Based on the recommendation of the Audit Committee, the Board approved the re-appointment of Kirtane & Pandit LLP, Chartered Accountants, Pune (Firm Registration No. 105215W/W100057), as the Statutory Auditors for a second term of five consecutive years from the conclusion of the ensuing Annual General Meeting till the conclusion of the AGM to be held in the year 2031, subject to shareholder approval. Established in 1956, Kirtane & Pandit LLP is one of the leading accounting and audit firms in India, with a client base of over 700 organisations across public and private corporate, banking, insurance, and government sectors. The auditors issued an unmodified opinion on both the standalone and consolidated financial results for the year ended March 31, 2026. The company also noted the impact of new Labour Codes notified by the Government of India on November 21, 2025, consolidating 29 existing labour laws, which resulted in an exceptional item of ₹12.68 crores in the consolidated results. The Government of India further notified the final rules under the New Labour Codes on May 8, 2026, and the company stated it will continue to evaluate implications and account for any impacts as and when they become reasonably measurable.

Kirloskar Industries Limited's listed material subsidiary, Kirloskar Ferrous Industries Limited (KFIL), has reported its audited financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the results on May 7, 2026. KFIL delivered a strong standalone performance, with revenue from operations for Q4 FY26 standing at ₹1,780.99 crore, a 3% year-on-year increase from ₹1,736.19 crore. Net profit for the quarter rose 36% to ₹130.00 crore, compared to ₹95.56 crore in the corresponding quarter of the previous year.

Management Commentary

R.V. Gumaste, Managing Director, KFIL, commented on the results: "I am pleased to share that KFIL has concluded the year with a strong Q4 performance, characterized by robust volume growth and improved operational efficiencies across our key segments. Despite the macro-economic headwinds that persisted throughout the year, our consolidated annual revenue grew by 5% to Rs. 6,889 Crore, PBT before exceptional Item grew by 25% to Rs. 512 Cr, while our YTD PAT saw a significant 22% increase to Rs. 358 Crore. Our resilience was particularly evident in our rapid response to the Solapur LPG supply disruption in mid-March. By swiftly pivoting to alternate fuel solutions, we achieved a turnaround in just four days, minimizing the impact on our production schedules and customer commitments. Moving forward, all our major capital projects and strategic mergers are progressing as planned. We remain deeply committed to our long-term vision of value creation, focusing on a richer product mix, cost optimization through renewable energy, and enhancing our competitive position in the global market."

Standalone Financial Performance

For the full year FY26, standalone revenue from operations grew to ₹6,783.92 crore from ₹6,566.26 crore, while net profit increased 18% to ₹375.59 crore from ₹317.28 crore. The company’s EBITDA for Q4 FY26 stood at ₹225.9 crore, with an EBITDA margin of 12.7%. Total assets as of March 31, 2026, stood at ₹6,577.53 crore, compared to ₹6,353.57 crore in the previous year. Cash and cash equivalents improved to ₹81.92 crore from ₹41.82 crore.

The table below summarises the key standalone financial results (₹ in Crores):

*Excluding other income and exceptional items

Consolidated Financial Performance

On a consolidated basis, KFIL reported revenue from operations of ₹1,817.16 crore for Q4 FY26, a 5% increase from ₹1,736.95 crore in the year-ago quarter. Consolidated net profit for the quarter stood at ₹123.10 crore, up 33% against ₹92.34 crore. For the full year, consolidated revenue grew to ₹6,888.57 crore, while net profit rose 22% to ₹357.81 crore. The Casting segment remained the largest contributor to revenue and profitability.

*Excluding other income and exceptional items

About Kirloskar Ferrous Industries Limited

Founded in 1991, Kirloskar Ferrous Industries Limited is one of India's largest castings and pig iron manufacturers, catering to sectors such as tractors, automobiles, and diesel engines. With manufacturing facilities at Koppal, Hiriyyur, and Solapur, the company produces grey iron castings and various grades of pig iron. Following a merger, its product range now extends to ISMT Steel and seamless tubes, with ISMT having pioneered seamless tube manufacturing in India for bearing, boiler tubes, and automotive piping applications.