Kirloskar Pneumatic Company reported flat sales of Rs 272.00 crores in Q1, matching the previous year's levels. Despite facing challenges, the company's management remains confident about achieving its Rs 2,000.00 crore revenue target for the year.

Challenges and Optimism

The company encountered several hurdles during the quarter, including:

• Global economic uncertainty
• Delayed order finalization
• Supply chain issues with European suppliers, particularly Howden compressors

Despite these challenges, K. Srinivasan, Managing Director of Kirloskar Pneumatic, expressed optimism about the company's prospects. He stated, "We are confident that we will catch up on the planned numbers gradually, improving in Q2 and definitely coming to plan by Q3."

Financial Highlights

Positive Developments

Despite the slow start, Kirloskar Pneumatic achieved several positives:

1. Net working capital below 12% of sales for the first time
2. Cash flow generation of over Rs 100.00 crores
3. Stable EBITDA margins at 15.7%

New Product Launches

The company introduced two new products during the quarter:

1. Tezcatlipoca centrifugal compressors: Expected to generate Rs 100.00 crore in orders
2. Tyche semi-hermetic compressors: Targeting the commercial refrigeration market

Sector-wise Performance

• Air Compressors: Tezcatlipoca centrifugal compressors showed strong traction
• Refrigeration: Interest in Khione screw compressors for dairy and chemical plants increased
• Process Gas Compression: Facing global challenges, but seeing huge demand for CNG packages

Future Outlook

While acknowledging the current challenges, management remains optimistic about the company's future:

• Expecting gradual improvement in Q2
• Anticipating recovery to planned numbers by Q3
• Maintaining the Rs 2,000.00 crore revenue target for the year
• Focusing on in-house manufacturing capabilities and new product development

Mr. Srinivasan concluded, "The changes that have happened would only impact us positively as we go forward."

As Kirloskar Pneumatic navigates through the current economic uncertainties, its focus on innovation, new product launches, and operational efficiency positions it well for potential recovery in the coming quarters.

Kirloskar Pneumatic Company Limited has announced the departure of Mrs Nalini Venkatesh from her role as an Independent Director, marking the end of her five-year tenure with the company. The cessation of her directorship took effect on July 24, 2025, as confirmed by the company's regulatory filing.

Tenure and Re-appointment Details

Mrs Venkatesh's journey with Kirloskar Pneumatic began with her re-appointment through a postal ballot on July 30, 2020. This decision by the company's members initiated her second term as an Independent Director, spanning five consecutive years from July 25, 2020, to July 24, 2025.

Committee Roles

In addition to her role as an Independent Director, Mrs Venkatesh held key positions within the company's governance structure. With her departure, she has also stepped down from her roles as:

• Member of the Corporate Social Responsibility Committee
• Member of the Stakeholders' Relationship Committee

Company's Acknowledgment

Kirloskar Pneumatic Company Limited has officially recognized Mrs Venkatesh's contributions during her tenure. In their regulatory filing, the company stated, "The Company places on record its sincere appreciation towards her contribution."

Regulatory Compliance

The company's announcement adheres to the regulatory requirements set forth by the Securities and Exchange Board of India (SEBI). As per Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Kirloskar Pneumatic has duly informed the stock exchanges about this change in directorship.

Mrs Nalini Venkatesh's departure marks a significant change in Kirloskar Pneumatic's board composition, concluding a chapter of her leadership and contributions to the company's governance and strategic direction.