Kirloskar Oil Engines Posts Record Q2 Results

13 Nov 2025 CW Team

Managing Director Gauri Kirloskar said KOEL had achieved a major milestone by surpassing Rs 15 billion in quarterly revenue for the first time and delivering its highest-ever first-half sales of Rs 30.27 billion. She noted that all standalone business segments recorded double-digit growth, driven by strong market demand, operational efficiency and innovation in engine and generator technology.

She also highlighted the company’s recently announced strategic restructuring of its B2C operations, transferred to wholly owned subsidiary La-Gajjar Machineries Private Limited via slump sale. The move aligns with KOEL’s long-term ambition to reach a USD 2 billion top line by 2030.

Q2 FY26 Standalone Financial Performance

Net sales: Rs 15.93 billion vs Rs 11.84 billion in Q2 FY25 (up 35 per cent)

EBITDA: Rs 2.14 billion vs Rs 1.48 billion (up 45 per cent)

EBITDA margin: 13.4 per cent vs 12.4 per cent

Net profit: Rs 1.41 billion vs Rs 980 million (up 44 per cent)

Cash and cash equivalents: Rs 4.75 billion* *Net of debt; includes treasury investments and excludes unclaimed dividends.

Q2 FY26 Consolidated Financial Performance

Revenue from continuing operations: Rs 19.48 billion vs Rs 14.99 billion (up 30 per cent)

Net profit from continuing operations: Rs 1.59 billion vs Rs 1.06 billion (up 51 per cent)

H1 FY26 Standalone Financial Performance

Net sales: Rs 30.27 billion vs Rs 25.18 billion (up 20 per cent)

EBITDA: Rs 4.05 billion vs Rs 3.23 billion (up 25 per cent)

EBITDA margin: 13.3 per cent vs 12.7 per cent

Net profit: Rs 2.64 billion vs Rs 2.15 billion (up 23 per cent)

H1 FY26 Consolidated Financial Performance

Revenue from continuing operations: Rs 37.12 billion vs Rs 31.30 billion (up 19 per cent)

Net profit from continuing operations: Rs 2.93 billion vs Rs 2.38 billion (up 23 per cent)

KOEL noted that previous-period figures exclude earlier reversals of provisions for overdue receivables. Full details are available in the notes to the unaudited financial results filed with stock exchanges.

Kirloskar Oil Engines Limited (KOEL), a leading manufacturer of internal-combustion engines, generator sets and agricultural equipment with a strong global presence, has reported its best-ever quarterly performance for the second quarter and first half of FY 2025–26. The company announced its unaudited financial results for the period ending 31 March 2026. Managing Director Gauri Kirloskar said KOEL had achieved a major milestone by surpassing Rs 15 billion in quarterly revenue for the first time and delivering its highest-ever first-half sales of Rs 30.27 billion. She noted that all standalone business segments recorded double-digit growth, driven by strong market demand, operational efficiency and innovation in engine and generator technology. She also highlighted the company’s recently announced strategic restructuring of its B2C operations, transferred to wholly owned subsidiary La-Gajjar Machineries Private Limited via slump sale. The move aligns with KOEL’s long-term ambition to reach a USD 2 billion top line by 2030. Q2 FY26 Standalone Financial Performance Net sales: Rs 15.93 billion vs Rs 11.84 billion in Q2 FY25 (up 35 per cent) EBITDA: Rs 2.14 billion vs Rs 1.48 billion (up 45 per cent) EBITDA margin: 13.4 per cent vs 12.4 per cent Net profit: Rs 1.41 billion vs Rs 980 million (up 44 per cent) Cash and cash equivalents: Rs 4.75 billion* *Net of debt; includes treasury investments and excludes unclaimed dividends. Q2 FY26 Consolidated Financial Performance Revenue from continuing operations: Rs 19.48 billion vs Rs 14.99 billion (up 30 per cent) Net profit from continuing operations: Rs 1.59 billion vs Rs 1.06 billion (up 51 per cent) H1 FY26 Standalone Financial Performance Net sales: Rs 30.27 billion vs Rs 25.18 billion (up 20 per cent) EBITDA: Rs 4.05 billion vs Rs 3.23 billion (up 25 per cent) EBITDA margin: 13.3 per cent vs 12.7 per cent Net profit: Rs 2.64 billion vs Rs 2.15 billion (up 23 per cent) H1 FY26 Consolidated Financial Performance Revenue from continuing operations: Rs 37.12 billion vs Rs 31.30 billion (up 19 per cent) Net profit from continuing operations: Rs 2.93 billion vs Rs 2.38 billion (up 23 per cent) KOEL noted that previous-period figures exclude earlier reversals of provisions for overdue receivables. Full details are available in the notes to the unaudited financial results filed with stock exchanges.

Infrastructure Urban

02 Jun 2026

BonV Aero Launches Air Hans Drone

BonV Aero has launched Air Hans, a heavy-lift drone designed to support last-mile logistics across India’s difficult mountain, border and remote regions. The UAV is built to operate in challenging terrain where snowfall, landslides and poor road access often disrupt supply chains.Air Hans can carry a 20 kg payload over a 12 km range and operate at altitudes of up to 16,500 ft above mean sea level. Built on an aerospace-grade aluminium composite frame, the drone is designed to withstand wind gusts of up to 35 km per hour.The platform has already been tested in demanding environments. BonV Aer..

Infrastructure Urban

02 Jun 2026

Balu Forge Secures Artillery Shell Order

Balu Forge Industries has secured an initial contract to supply 30,000 units of 152 mm artillery shells to a major Indian energetics player. Supplies under the order are scheduled to commence in June 2026, marking a key step in the company’s expansion into the domestic defence sector.The order is expected to scale up to more than 100,000 shells with additional variants. The agreement also provides for the inclusion of further ammunition variants in the production pipeline, enabling the company to address evolving artillery requirements.The order will be executed through BFIL’s fully automa..

Infrastructure Urban

02 Jun 2026

Government Notifies Two SEZs in Puducherry

The Government has notified two new Special Economic Zones in the Union Territory of Puducherry following approval by the Board of Approval for SEZs under the Department of Commerce at its one hundred and thirty-seventh meeting on 27 February 2026. The approvals are presented as part of a drive to strengthen the country’s industrial base, expand exports and deepen self-reliance in strategic sectors. Authorities described the decisions as milestones for Puducherry’s industrial and export-led growth strategy and as measures expected to expand opportunities for investment, manufacturing and h..