Promoters of Kirloskar Industries Limited have confirmed that no shares held by them were encumbered during the financial year ended March 31, 2026. Atul Kirloskar and Geetanjali Kirloskar, promoters of the company, submitted declarations on behalf of themselves and their respective promoter groups pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The disclosures state that neither the promoters nor the promoter group members created any encumbrance, directly or indirectly, on the shares of the company during the specified period. These communications have been requested to be presented at the next Audit Committee meeting of the company.

Shareholding Details

The declarations included detailed breakdowns of the shareholding held by the promoter groups as of March 31, 2026. The data indicates that the total number of shares pledged or encumbered by the groups stands at zero.

Additional disclosures regarding the nature of holdings were provided for specific individuals. Atul C Kirloskar holds 15,11,327 equity shares in his individual capacity and 25 equity shares as a Trustee of C.S. Kirloskar Testamentary Trust. Similarly, Rahul Chandrakant Kirloskar holds 18,49,249 equity shares individually and 229 equity shares as a Trustee of the same trust.

Other entities such as Navsai Opportunities Private Limited and Alpak Investments Private Limited reported holdings of 3,854 shares each, representing 0.04% of the total shares, with no encumbrances. The comprehensive list covered over 63 members of the promoter group, including various private limited companies and LLPs, all confirming zero encumbrance on their holdings.

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.