Kirloskar Brothers (500241) Q4 24/25 earnings summary

Executive summary

• Consolidated revenue for FY25 reached INR 4,492 crore, up 12% year-over-year, with Q4 revenue at INR 1,281 crore, driven by strong demand across segments and geographies.

• EBITDA for FY25 grew 18% year-over-year to INR 681 crore (margin 15.2%), with Q4 EBITDA at INR 215 crore (margin 17%).

• FY25 PAT rose 20% year-over-year to INR 419 crore (margin 9%), with Q4 PAT at INR 138 crore (margin 11%).

• Board recommended a final dividend of INR 7 per equity share for FY25, up from INR 6 last year, subject to shareholder approval.

• Audited results for FY25 were approved with an unmodified opinion from statutory auditors.

Financial highlights

• Standalone revenue for FY25 grew 7% to INR 2,901 crore; consolidated revenue was INR 4,492 crore, up from INR 4,001 crore year-over-year.

• FY25 EBITDA margin stood at 15.2%; Q4 FY25 EBITDA margin was 16.8%.

• FY25 PAT margin rose to 9.3% from 8.7% in FY24; EPS increased to INR 52.3 from INR 43.8.

• Net cash from operating activities in FY25 was INR 388.9 crore (consolidated: INR 3,855 million).

• Order inflows for FY25 grew 12% year-over-year to INR 5,182 crore; orderbook at INR 3,118 crore.

Outlook and guidance

• Management remains optimistic about future growth, supported by a strong order book and strategic focus on business opportunities.

• Focus on expanding value-added products and services, leveraging digital IP and subscription platforms.

• Ongoing improvements in operations, digital strategy, and market penetration are expected to drive scalability and margin improvement.

• Continued reduction in EPC business exposure, with EPC revenue share down to 3% in FY25.

• No specific revenue or margin guidance provided, but management strives for year-on-year growth and sees potential for margin expansion.