Kirloskar Oil Engines Limited (KOEL) has reported a strong start to the fiscal year, with record-breaking net sales in the first quarter. The company achieved standalone net sales of Rs 1,434.00 crores, marking an 8% year-on-year growth.

Power Generation Segment Leads Growth

The power generation business emerged as a key driver of growth, recording its highest ever Q1 sales at Rs 609.00 crores, a 15% increase year-on-year. This segment benefited from strong demand across infrastructure and real estate sectors.

Financial Highlights

• Consolidated revenue reached Rs 1,751.00 crores, up 8% year-on-year
• EBITDA stood at Rs 190.00 crores with a 13.2% margin, compared to 13% last year
• Net profit from continuing operations was Rs 134.00 crores, a 1% increase year-on-year

Segment Performance

Export Growth and New Product Launches

Export sales grew 21% to Rs 136.00 crores, primarily driven by recovery in the Middle East market. The company successfully transitioned to CPCB IV+ emission norms and launched new products including the Sentinel and Optiprime ranges.

Strategic Developments

KOEL secured strategic defense projects with NPCIL and the Indian Navy for prototype development. The company also divested its cables and pipes business, Optiqua, as part of its core strategy focus.

Management Commentary

Gauri Kirloskar, Managing Director of KOEL, expressed confidence in sustained domestic demand and expects continued growth momentum. She stated, "We see strong tailwinds domestically and we see the demand staying strong for us as a business."

Outlook

The management remains optimistic about the company's prospects, citing resilient domestic demand despite global challenges. KOEL continues to focus on its long-term '2B – 2-Billion Strategies' while exploring opportunities in new markets and technologies.

As Kirloskar Oil Engines Limited builds on its strong Q1 performance, the company appears well-positioned to capitalize on the growing demand in its core segments and expand its presence in strategic areas such as defense and high horsepower engines.

Kirloskar Oil Engines Limited (KOEL) has announced a significant leadership decision that will shape the company's future for the next three years. At the Annual General Meeting (AGM) held on August 7, 2025, shareholders of the company approved the re-appointment of Ms. Gauri Kirloskar as Whole Time Director and Managing Director for a three-year term.

Key Details of the Re-appointment

• Term: The new term for Ms. Gauri Kirloskar will be effective from May 20, 2025, and will last for three years.
• Designation: Ms. Kirloskar will continue to serve as the Whole Time Director with the designation of Managing Director.
• Additional Role: She has also been re-appointed as a Key Managerial Personnel of the company, effective from the same date.

Shareholder Approval Process

The decision was made through a voting process at the 16th Annual General Meeting of Kirloskar Oil Engines Limited. According to the company's filing:

• The resolution for Ms. Kirloskar's re-appointment was passed with an overwhelming majority.
• Out of the total valid votes cast, 99.60% were in favor of the re-appointment.
• Only 0.40% of the votes were against the resolution.

Company's Disclosure

In compliance with regulatory requirements, KOEL has promptly informed the stock exchanges about this development. The company stated in its filing:

"Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, including amendments thereunder and based on the Scrutinizer's Report on voting results; this is to inform you that, in continuation of the communications filed on 14th May 2025, 7th August 2025 and 8th August 2025, the Members of the Company in the Annual General Meeting (AGM) held on 7th August 2025, have approved the re-appointment of Ms. Gauri Kirloskar (DIN: 03366274), as a Whole Time Director with the designation as the Managing Director of the Company with effect from 20th May 2025 for a term of 3 (Three) years."

Other AGM Proceedings

The AGM also saw the approval of other resolutions, including:

• Adoption of audited standalone and consolidated financial statements for the fiscal year ended March 31, 2025.
• Declaration of a final dividend of Rs. 4.00 per equity share (200%) and confirmation of an interim dividend of Rs. 2.50 per equity share (125%) for the financial year ended March 31, 2025.
• Ratification of remuneration payable to Cost Auditors for the financial year ending March 31, 2026.

This re-appointment of Ms. Gauri Kirloskar signifies continuity in leadership for Kirloskar Oil Engines Limited, as the company moves forward with its business strategies and operations in the coming years.