Kirloskar Oil Engines Appoints Srikumar Vijayasekharan as Independent Director

Kirloskar Oil Engines Limited (KOEL), a leader in manufacturing internal combustion engines and generator sets, has announced the appointment of Mr. Srikumar Vijayasekharan as an Additional Non-Executive Director in the capacity of Independent Director. The appointment, effective from November 11, 2025, is for a five-year term, subject to shareholder approval.

Key Highlights of the Appointment

Term: Five-year tenure starting November 11, 2025
Approval: Subject to member approval
Age: 64 years
Professional Background: Chartered Accountant with over 40 years of experience
Previous Role: Chief Operating Officer of Deloitte South Asia (2015-2023)
Current Position: Independent Director on the Board of Arka Fincap Limited

Professional Experience

Mr. Vijayasekharan brings a wealth of experience to KOEL's board:

Extensive Audit Experience: Specializes in audit and assurance services across various sectors including manufacturing, financial services, healthcare, technology, and consumer business.
Leadership at Deloitte: Served as COO of Deloitte South Asia from 2015 to 2023, overseeing significant growth.
Operational Expertise: Responsible for finance, IT, infrastructure, business plans, strategy implementation, and succession planning at Deloitte South Asia.

Impact on KOEL

The appointment of Mr. Vijayasekharan may strengthen KOEL's board with his extensive experience in finance, operations, and governance. His background in various industries aligns well with KOEL's diverse business interests in engines, generator sets, and agricultural equipment.

Governance Implications

Board Independence: The addition of Mr. Vijayasekharan as an Independent Director may enhance the board's oversight and governance structure.
Compliance: The appointment is in line with regulatory requirements for board composition in listed companies.

Additional Information

Mr. Vijayasekharan holds no shares in Kirloskar Oil Engines Limited.
He is not related to any existing board member of the company.

The appointment of Mr. Srikumar Vijayasekharan appears to be a strategic move by Kirloskar Oil Engines Limited to strengthen its board with diverse and experienced leadership as the company continues to navigate the evolving business landscape.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.48%	+9.75%	+22.68%	+50.95%	-1.06%	+979.50%

Kirloskar Oil Engines Limited (KOEL) has reported its strongest quarterly performance to date, with standalone net sales crossing the ₹1,500 crore mark for the first time. The company's financial results demonstrate robust growth across key metrics, signaling a positive trajectory in its operations.

Financial Highlights

Metric	Q2	Q2 Previous Year	YoY Change
Standalone Net Sales	₹1,593.00 crore	₹1,184.00 crore	35%
Standalone Net Profit	₹141.00 crore	₹98.00 crore	44%
EBITDA	₹214.00 crore	₹147.60 crore	45%
EBITDA Margin	13.40%	12.40%	100 bps

Consolidated Performance

On a consolidated basis, Kirloskar Oil Engines reported equally impressive results:

Revenue from continuing operations: ₹1,948.00 crore (30% YoY increase)
Net profit from continuing operations: ₹159.00 crore (51% YoY increase)

Half-Year Performance

The company's strong performance extended to the half-year period as well:

Metric	H1	H1 Previous Year	YoY Change
Standalone Net Sales	₹3,027.00 crore	₹2,518.00 crore	20%
Net Profit	₹264.00 crore	₹215.00 crore	23%

Segment Performance

All segments within the standalone business recorded double-digit growth, with the Power Generation Business Unit showing particularly robust performance. This across-the-board growth underscores the company's strong market position and operational efficiency.

Strategic Restructuring

On October 10th, Kirloskar Oil Engines announced a strategic restructuring initiative, transferring its B2C operations to its wholly-owned subsidiary, La-Gajjar Machineries Private Limited, through a slump sale. This move aligns with the company's goal of reaching a ₹2 billion topline by 2030.

Financial Analysis

Examining the company's income statement data reveals several positive trends:

Revenue Growth: The company's sales have shown consistent growth, with the current quarter reporting sales of ₹1,948.40 crore, a 29.50% increase compared to the same quarter five years ago.
Profitability: Net profit for the quarter stood at ₹159.20 crore, representing a 27.46% increase over the past five years. This growth in profitability outpaces revenue growth, indicating improved operational efficiency.
Operating Margins: The Operating Profit Margin (OPM) for the quarter was 19.59%, slightly lower than the 19.77% reported five years ago. However, it shows improvement compared to recent quarters, suggesting the company is managing its costs effectively despite inflationary pressures.
EBITDA Performance: EBITDA for the quarter reached ₹394.30 crore, a significant 24.42% increase over the past five years, reflecting the company's ability to enhance its operational performance.

Kirloskar Oil Engines' record-breaking quarter demonstrates its resilience and adaptability in a dynamic market environment. The company's strategic initiatives, coupled with strong financial performance across segments, position it well for sustained growth. As KOEL continues to execute its long-term strategy, investors and industry observers will be keenly watching its progress towards its 2030 revenue target.