Kirloskar Brothers (500241) Q3 24/25 earnings summary

Executive summary

• Consolidated revenue for Q3 FY25 grew to INR 1,144 crore (₹11,442 million), up 19% YoY, with nine-month revenue at INR 3,211 crore (₹32,109 million), reflecting strong demand across domestic and international markets.

• Q3 FY25 PAT increased 43.9% YoY to INR 119 crore (₹1,185 million), with nine-month PAT at INR 281 crore (₹2,809 million).

• EBITDA margin improved to 16% in Q3 FY25 and 14.5% for nine months, reflecting operational efficiency.

• International business saw 46% YoY growth in Q3, led by SPP U.K. and Dutch entities, with foreign subsidiaries generating ₹4,716 million in Q3 FY25.

• Standalone Q3 FY25 revenue was INR 661 crore (₹6,605 million), with net profit at INR 58.2 crore (₹582 million).

Financial highlights

• Q3 FY25 consolidated revenue: INR 1,144 crore (+18.6% YoY); nine months: INR 3,211 crore (+15.6% YoY).

• Q3 EBITDA: INR 183 crore (+32.3% YoY), margin 16%; nine months EBITDA: INR 466 crore (+32.9% YoY), margin 14.5%.

• Q3 PAT: INR 119 crore (+43.9% YoY); nine months PAT: INR 281 crore (+42.7% YoY).

• EPS for Q3 FY25 at ₹14.76, up from ₹10.31 in Q3 FY24; standalone EPS at ₹7.34.

• ROCE (annualized) at 28.3% as of Mar-24, up from 21.3% in Sep-24.

Outlook and guidance

• Guidance maintained for double-digit revenue growth in FY25 for standalone and international businesses.

• Robust orderbook of INR 3,094 crore as of Q3 FY25, supporting strong revenue visibility.

• Focus on expanding value-added products and services, leveraging digital IP and global presence.