Kirloskar Oil Engines Limited (KOEL) announced its unaudited financial results, reporting a 35% year-on-year increase in standalone net sales, exceeding ₹1,500 Crore for Q2 FY26. Standalone net profit increased by 44% year-on-year to ₹141 Crore. The company achieved its highest-ever H1 sales of ₹3,027 crore. The B2C operations were strategically restructured and transferred to La-Gajjar Machineries Private Limited.
Financial Highlights for Q2 FY26
Kirloskar Oil Engines Limited (KOEL) has announced a strong financial performance for the second quarter of fiscal year 2026. Key highlights include:
- Net sales reached ₹1,593 Cr, a 35% increase compared to ₹1,184 Cr in Q2 FY25.
- EBITDA surged to ₹214 Cr, a 45% increase from ₹148 Cr in Q2 FY25.
- EBITDA margin stood at 13.4%, up from 12.4% in Q2 FY25.
- Net profit soared to ₹141 Cr, a 44% increase from ₹98 Cr in Q2 FY25.
- Cash and cash equivalents totaled ₹475 Cr.
Consolidated Financial Performance
The consolidated financial results also reflect strong growth:
- Revenue from continuing operations reached ₹1,948 Cr, a 30% increase from ₹1,499 Cr in Q2 FY25.
- Net profit from continuing operations increased to ₹159 Cr, a 51% increase from ₹106 Cr in Q2 FY25.
H1 FY26 Performance (Standalone)
The company’s performance for the first half of FY26 demonstrates continued growth:
- Net sales amounted to ₹3,027 Cr, a 20% increase from ₹2,518 Cr in H1 FY25.
- EBITDA reached ₹405 Cr, a 25% increase from ₹323 Cr in H1 FY25.
- EBITDA margin was 13.3%, up from 12.7% in H1 FY25.
- Net profit increased to ₹264 Cr, a 23% increase from ₹215 Cr in H1 FY25.
H1 FY26 Performance (Consolidated)
- Revenue from continuing operations was ₹3,712 Cr compared to ₹3,130 Cr. This represents a 19% increase.
- Net profit from continuing operations was ₹293 Cr compared to ₹238 Cr a 23% increase.
Strategic Restructuring
On October 10, 2025, KOEL announced a strategic restructuring, transferring its B2C operations to its wholly-owned subsidiary, La-Gajjar Machineries Private Limited, through a slump sale. This move aims to sharpen the company’s focus and align with its long-term strategic vision.
Source: BSE
