Kirloskar Pneumatic Company Limited held its Q3 FY’26 earnings call, reporting sales of INR403.5 crores, an 18.5% increase YoY. The company possesses a strong order book of INR1,939 crores, INR60 crores higher than last year with focus on sustainable competitive advantages. The management aims for sales between INR1,800 crores and INR1,850 crores for the fiscal year, targeting double-digit growth and a 20% plus PBT increase.
Financial Performance
Kirloskar Pneumatic reported Q3 FY’26 sales of INR403.5 crores, up 18.5% compared to INR340 crores in Q3 FY’25. The company’s YTD sales reached INR1,054 crores. Other income for the nine months improved by 28% to INR21.1 crores. Raw material to sales ratio improved by 3.7% for Q3. Employee-related expenses were INR50 crores, 13.7% of total income. Net cash position stood at INR395 crores as of January 1, 2026.
Business Highlights
The company secured an order book of INR1,939 crores as of January 1, 2026, about INR60 crores higher than last year. The air compressor business showed a steady performance. Centrifugal compressor capacity will be doubled with new CNC machines from Japan and Germany, available from Q1 next year. Large refrigeration projects were completed during the quarter, and Zephyros plants were commissioned as technology demonstrators. Order intake remains strong from cold chains, ice plants, and dairies.
Strategic Initiatives and Outlook
Kirloskar Pneumatic expects sales between INR1,800 crores and INR1,850 crores for the year, with PBT between INR345 crores and INR360 crores. This represents a growth of 12% to 14% on the top line and over 20% on the bottom line. The company focuses on sustainable competitive advantages through value chain integration, in-house manufacturing, and targeted markets. KPCL was recognized as one of the top 30 IP-driven corporates in India. The company has filed 106 IPs as of December 31, 2025. The Board approved an interim dividend of INR3.50 per share.
Segment Performance
The Compression segment accounted for approximately 92% of revenue, earning a profit at a rate of 21.6%. Segment assets experienced an increase of INR50 crores.
Source: BSE
