Kirloskar Oil Engines Limited (KOEL) announced its Q2 FY26 results, showcasing a total income of ₹1,960.93 Crores. The Board approved the transfer of its Water Management Solutions (WMS) business to La-Gajjar Machineries Private Limited (LGM) for equity shares. 40,448 equity shares were allotted under the ESOP plan. Further investment of US$ 2 Million was made in Kirloskar Americas Corporation.
Financial Performance Overview
Kirloskar Oil Engines Limited (KOEL) reported its standalone unaudited financial results for Q2 FY26, with a total income reaching ₹1,616.45 Crores. Standalone Net Profit stood at ₹140.80 Crores. The consolidated unaudited financial results showcased a total income of ₹1,960.93 Crores, and a Net Profit of ₹159.19 Crores for the same period.
Business Transfer Approval
The Board approved the transfer of its Business to Customer (B2C) business segment, specifically the Water Management Solutions (WMS) division, to its wholly-owned subsidiary, La-Gajjar Machineries Private Limited (LGM). This transfer will occur through a slump sale, with LGM issuing 1,065,150 equity shares to KOEL as consideration. The transfer is effective from October 11, 2025.
Investment and ESOP Updates
KOEL made a further investment of US$ 2 Million (approximately ₹17.76 Crores) in Series A-1 Preferred Stock of Kirloskar Americas Corporation (KAC). In addition, the company allotted 40,448 equity shares to employees upon exercise of stock options under the KOEL ESOP 2019 plan. As a result of this allotment, the equity share capital has increased to 14,52,95,135 equity shares.
Segment Performance
KOEL’s segment revenue for Q2 FY26 is broken down as follows: B2B: ₹1,456.64 Crores, B2C: ₹258.42 Crores, and Financial Services: ₹195.70 Crores.
Source: BSE
