Kirloskar Pneumatic Company Limited has announced strong financial results for the fiscal year ended March 31, 2026, with standalone revenue reaching Rs. 17,592 million and profit for the period at Rs. 2,584 million. The company has recommended a final dividend of 425%, equivalent to Rs. 8.50 per equity share. Additionally, the Board has approved the acquisition of the remaining 44.74% stake in Systems & Components (India) Private Limited to become its wholly-owned subsidiary.
Financial Performance Highlights
For the fiscal year ending March 31, 2026, Kirloskar Pneumatic demonstrated robust growth. The company reported a consolidated revenue of Rs. 17,868 million and a consolidated profit for the period of Rs. 2,543 million. The board has rewarded shareholders by recommending a final dividend of 425%, or Rs. 8.50 per share, subject to approval at the Annual General Meeting on July 21, 2026.
Strategic Acquisition
The company is set to consolidate its operations in the refrigeration sector by acquiring the remaining 44.74% equity stake in its subsidiary, Systems & Components (India) Private Limited. The transaction, valued at Rs. 12.55 crore in cash, will transform the target entity into a wholly-owned subsidiary within the next 30 days. This move aligns with the company’s long-term business strategy.
Corporate Governance and Leadership
In other strategic developments, the Board has recommended the re-appointment of Mr. Rahul Kirloskar as Whole Time Director and Executive Chairman for a five-year term ending in 2032. Furthermore, Mr. Ranganath Nuggehalli Krishna has been appointed as an Independent Director, effective April 28, 2026. The company also announced internal elevations to senior management, promoting Mr. Nitin Pai, Mr. Ganesh Chaudhari, and Mr. Samit Gujarathi.
Shareholder Value Initiatives
To improve stock liquidity and accessibility for small investors, the Board has approved a sub-division of equity shares. Each existing equity share with a face value of Rs. 2/- will be split into two equity shares with a face value of Re. 1/- each, a process expected to be completed within 6 months.
Source: BSE
