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Kirloskar Brothers Investor Presentation: Key Takeaways

Q2FY27 consolidated revenue Rs 12,767 Mn (+24%), EBITDA Rs 1,432 Mn (11.2% margin), PAT Rs 747 Mn (+4%). H1 revenue Rs 23,816 Mn (+19%). Strategy centres on value-added products and reduced EPC exposure.

Highlights
Revenue growthQ2 +24%, H1 +19% YoY
MarginsGross margin 49.2% vs 53.6%; EBITDA margin 11.2% vs 12.0%
Order bookQ2 orders received Rs 20,472 Mn, up 68% YoY
Demand visibilityTotal pending orderbook Rs 46,277 Mn, up 30% YoY

Growth

Q2 revenue +24%, H1 +19%. EBITDA +16% Q2, +9% H1. PAT +4% Q2, +2% H1; Q2 EBITDA margin fell to 11.2% from 12.0%.

Outlook

No explicit numeric guidance given. Total pending orderbook Rs 46,277 Mn, up from Rs 35,637 Mn YoY; standalone orderbook Rs 26,618 Mn.

Risks

Gross margin down to 49.2% from 53.6%. H1 operating cash flow negative at Rs -580 Mn on a Rs 1,838 Mn working-capital build.

Last quarter's promises, checked

Delivered

  • Consolidated double-digit growth → H1 rev +19%, Q2 +24% (= BEAT)
  • Orders to rebound post-delay → Q2 orders Rs 20,472 Mn, +68% YoY (= BEAT)

Partly delivered

  • Rs 217 Cr petrol-pump order executed in FY27 → Q1 dispatch Rs 74 Cr; Q2 split not disclosed (= PARTIAL)

Missed

  • Q2 margin recovery from services ramp → Q2 EBITDA margin 11.2% vs Q1 11.8% (= MISS)
  • Double-digit YoY growth (EBITDA context) → H1 EBITDA +9% (= MISS)
  • ~10% price hikes cover raw-material costs → gross margin 49.2% vs 53.6% (= MISS)
Source

Investor Presentation filed with NSE, NSE: KIRLOSBROS. Summary written with AI assistance from the document.

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Kirloskar Brothers Ltd: key numbers

Share price
₹1,563.50
Market cap
₹12,416 Cr
Revenue (annual)
₹4,538 Cr
Net profit (annual)
₹373.6 Cr
P/E (TTM)
33.0×Sector 52.2×
Promoter holding
65.95%+0.00% QoQ
FII holding
6.12%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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