Kirloskar Brothers (500241) Q3 25/26 earnings summary

Executive summary

• Q3 FY26 consolidated revenue was INR 1,116 crore (₹11,162 million), with nine-month revenue at INR 3,123 crore (₹31,229 million); standalone Q3 revenue was INR 648 crore (₹6,479 million).

• Q3 FY26 EBITDA was INR 161 crore (margin 14.4%), PAT at INR 125 crore (margin 11.2%), and consolidated profit attributable to equity holders was ₹1,243 million.

• The order book grew 25% YoY to INR 2,438 crore (excluding small pumps), with a total order book of Rs. 3,727 crore as of Q3 FY26.

• The company is advancing its transformation journey, focusing on innovation, digitalization, and sustainability.

• Results were reviewed by the Audit Committee and approved by the Board on 5 February 2026.

Financial highlights

• Q3 FY26 EBITDA was INR 161 crore with a margin of 14.4%; nine-month EBITDA at INR 412 crore, margin 13.2%.

• Q3 FY26 PAT margin was 11.2%, and EPS was Rs. 15.7; ROCE (annualized) improved to 29.0% as of Mar-25.

• Standalone Q3 FY26 profit after tax was ₹663 million, up from ₹370 million in Q2 FY26.

• International operations: U.S. revenue up 15% YoY, Netherlands up 155% YoY, U.K. order book up 10% YoY despite margin contraction.

• International order book expanded 13% YoY to INR 1,289 crore.

Outlook and guidance

• Strong orderbook of Rs. 3,727 crore as of Q3 FY26 supports robust revenue visibility.

• Management focuses on double-digit growth, cash flow, and profitability, with optimism for sustainable growth.

• Emphasis on value-added products, digital transformation, and operational efficiency.

• Execution expected to improve as foundry ERP issues are resolved.

• The company continues to monitor regulatory changes related to Labour Codes.