Kirloskar Brothers Limited has successfully secured a significant contract worth ₹214 crores from Adani Power Limited and its subsidiaries for supply of pump packages for thermal power projects across multiple states.

Contract Details

The prestigious contract involves supply of Circulating Water Pumps using Concrete Volute pump technology and Auxiliary Cooling Water Pumps along with associated electrical and control systems. The project spans across thermal power facilities in Madhya Pradesh, Assam, Chhattisgarh and Bihar.

Project Scope and Timeline

The contract encompasses supply, erection, testing and commissioning of the pump systems. The company is required to execute the order within 18 to 24 months from the date of purchase order. The specific subsidiaries involved include Anuppur Thermal Energy (MP) Pvt. Ltd. and Korba Power Limited.

Payment and Terms

The payment structure is designed in phases, with payments due within 30 days after receipt of goods at delivery points, with balance amounts linked to erection, commissioning and testing milestones. The contract includes a defect liability period of 12 months from the date of commissioning.

Business Impact

This substantial order represents a significant addition to Kirloskar Brothers' order book and reinforces the company's position in the thermal power sector. The contract demonstrates the company's technical capabilities in providing advanced pump solutions for large-scale power generation projects across multiple states.

Kirloskar Brothers Limited has announced its Q3FY26 financial results under Regulation 33, showing mixed performance with revenue declining to ₹11.16 billion compared to ₹11.44 billion in the previous year. The company reported profit before exceptional items of ₹1.27 billion in Q3FY26, down from ₹1.52 billion in the corresponding quarter of the previous year. Despite these challenges, the company maintained profitability growth with consolidated net profit reaching ₹1.24 billion compared to ₹1.19 billion in the previous year, representing a 4.20% year-on-year growth. The company's Board of Directors approved the unaudited financial results at their meeting held on February 05, 2026.

Q3FY26 Financial Performance

The company's consolidated financial results for Q3FY26 demonstrate resilience in net profit despite revenue and EBITDA pressures. Latest data shows EBITDA declined to ₹1.42 billion in Q3FY26 from ₹1.66 billion in the previous year, with EBITDA margin compressing to 12.7% from 14.5% year-on-year:

The latest data confirms Q3FY26 revenue of ₹11.16 billion versus ₹11.44 billion year-on-year, reflecting ongoing market challenges. Despite revenue decline and EBITDA margin compression, the company achieved an improved PAT margin of 11.24% in Q3FY26, with consolidated net profit attributable to equity holders demonstrating positive growth trajectory.

Strong Order Book Performance

Kirloskar Brothers demonstrated robust order intake and book growth across both domestic and international markets:

The order book as of December 31, 2025 reached ₹3,727 crores, representing a significant 20% growth from ₹3,094 crores in the previous year.

Regulatory and Exceptional Items

The company recognized a one-time impact of ₹156 million in exceptional items due to the Government of India's notification of four consolidated Labour Codes on November 21, 2025. This exceptional item of ₹156 million contributed to the difference between profit before exceptional items and final net profit figures. The amount was determined based on actuarial valuation and guidance from the Institute of Chartered Accountants of India.

Corporate Actions and Merger

During Q3FY26, the National Company Law Tribunal Mumbai Bench approved the merger of step-down subsidiary The Kolhapur Steel Limited into wholly owned subsidiary Karad Projects and Motors Limited, with an appointed date of October 03, 2024. The order was filed with the Registrar of Companies on December 05, 2025.

Earnings Call Recording Available

Following the earnings call held on February 06, 2026 at 9:30 AM IST, the company has uploaded the audio recording on its website under Regulation 30 and 46 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015:

The audio recording provides detailed discussions on Q3FY26 financial performance with analysts and investors, with the transcript to follow in due course.