Kirloskar Brothers LimitedQ1 FY27 Results & Financial Update
Kirloskar Brothers Limited: Q1 FY27 consolidated results and company financials – revenue ₹1,104.90 Cr, PAT ₹67.60 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore Kirloskar Brothers Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
During the first quarter of fiscal 2027 (ended June 30, 2026), Kirloskar Brothers Limited registered consolidated revenue from operations of INR 1,104.9 crore and total consolidated income of INR 1,119.7 crore.
Profit before tax (PBT) before exceptional items stood at INR 95.1 crore on a consolidated basis. With no exceptional items reported during the quarter, the reported consolidated profit before tax was also INR 95.1 crore.
Consolidated tax expense for the quarter was INR 28.4 crore, comprising INR 29.9 crore of current tax and a deferred tax credit of INR 1.5 crore, leading to a consolidated net profit for the period of INR 66.7 crore.
Accounting for the share in profit from joint venture companies of INR 0.9 crore and profit attributable to non-controlling interests of INR 1.0 crore, the total net profit attributable to equity holders of the parent reached INR 66.6 crore.
Basic and diluted earnings per share (EPS) for the consolidated entity were reported at INR 8.39 per share for the quarter, based on a paid-up equity share capital of INR 15.9 crore consisting of shares with a face value of INR 2 each.
On a standalone basis, KBL posted revenue from operations of INR 673.8 crore and total income of INR 689.8 crore, generating a standalone profit after tax of INR 54.0 crore and basic earnings per share of INR 6.80.
The group posted profit before tax (before exceptional items) of INR 95.1 crore and a total consolidated net profit after tax (PAT) for the period of INR 67.6 crore, representing total comprehensive income of INR 72.0 crore after accounting for other comprehensive items.
01 · Business model
What does Kirloskar Brothers do?
Kirloskar Brothers Limited (KBL) is a global fluid management solutions provider specializing in the engineering, manufacturing, and distribution of pumps, valves, and hydro turbines. The company serves diverse industrial sectors, including irrigation, power generation, oil and gas, marine and defence, water resource management, and building and construction.
Operating through an extensive international network of manufacturing facilities, subsidiaries, and joint ventures spanning India, the United Kingdom, the Netherlands, South Africa, Thailand, and the United States, KBL caters to both domestic infrastructure requirements and overseas fluid-handling demands.
The company's primary revenue engine is fluid machinery and systems, covering standardized centrifugal pumps, large engineered pumps, valves, and customized turnkey contracting for large-scale water supply and irrigation projects.
02 · Historical context
What shaped the business before this quarter
During the previous financial year (FY 2025-26), the National Company Law Tribunal (NCLT) Mumbai Bench approved the merger of step-down subsidiary The Kolhapur Steel Limited into wholly-owned subsidiary Karad Projects and Motors Limited with an appointed date of October 3, 2024.
In FY 2025-26, the company recorded an exceptional past service cost impact of INR 41.4 crore standalone (INR 41.7 crore consolidated) following the notification of the New Labour Codes with effect from November 21, 2025.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹1,104.90 Cr |
| Total income | ₹1,119.70 Cr |
| Profit before tax | ₹95.10 Cr |
| Profit after tax | ₹67.60 Cr |
| EPS | ₹8.39 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 6.1% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 8.6% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹14.80 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Consolidated revenue from operations of INR 1,104.9 crore for Q1 FY27 comprised INR 682.0 crore generated within India and INR 422.9 crore derived from outside India.
Standalone total income for the quarter includes dividend income received from a group company amounting to INR 1.137 crore, compared to INR 0.65 crore in the corresponding period of the previous year.
Consolidated operations yielded INR 682.0 crore from within India and INR 422.9 crore from outside India, reflecting a diversified geographic revenue mix across domestic projects and international subsidiaries.
Standalone financial results include dividend income of INR 1.137 crore received from a group company during the quarter ended June 30, 2026, compared to INR 0.650 crore in the corresponding period of the previous year.
What drove margins
Consolidated expenses for Q1 FY27 included INR 543.8 crore for cost of materials consumed, INR 38.9 crore for purchase of stock-in-trade, and an inventory change benefit of INR 44.7 crore for finished goods, stock-in-trade, and work-in-progress.
Consolidated employee benefits expense stood at INR 212.3 crore, while other expenses aggregated to INR 238.8 crore during the quarter.
Depreciation and amortization expense for the quarter was recorded at INR 27.4 crore on a consolidated basis, alongside consolidated finance costs of INR 8.1 crore.
Consolidated cost of materials consumed was INR 543.8 crore, supplemented by purchases of stock-in-trade of INR 38.9 crore and inventory adjustments of INR -44.7 crore.
Consolidated employee benefits expense stood at INR 212.3 crore, other expenses at INR 238.8 crore, finance costs at INR 8.1 crore, and depreciation and amortization expense at INR 27.4 crore.
05 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The company operates within a single reporting segment, 'Fluid Machinery and Systems', in accordance with Ind AS 108 guidelines for consolidated financial disclosures.
Geography and market mix
Domestic operations accounted for 61.7% of consolidated operational revenue at INR 682.0 crore, while international operations contributed 38.3% at INR 422.9 crore.
06 · Reported developments
What changed operationally
The group maintained positive consolidated profitability with a net profit for the period of INR 67.6 crore and positive contributions from joint ventures and global subsidiaries.
07 · Beyond the numbers
What changed beyond the numbers
Reported update
Statutory Auditors Review
The unaudited standalone and consolidated financial results for Q1 FY27 were reviewed by statutory auditors M/s. Sharp & Tannan, Chartered Accountants, and approved by the Board of Directors on July 31, 2026.
Reported update
Statutory Auditor Review
Statutory auditors M/s. Sharp & Tannan Associates issued unmodified limited review reports on both standalone and consolidated financial results for the quarter ended June 30, 2026.
Reported update
Subsidiary and Joint Venture Oversight
The consolidated financial statements incorporate interim financial information of multiple domestic and international subsidiaries and step-down entities, with specific reviews conducted by respective independent auditors and management certifications.
08 · Key Q&A
The quarter, answered directly
What does Kirloskar Brothers do?
Kirloskar Brothers Limited (KBL) is a global fluid management solutions provider specializing in the engineering, manufacturing, and distribution of pumps, valves, and hydro turbines. The company serves diverse industrial sectors, including irrigation, power generation, oil and gas, marine and defence, water resource management, and building and construction.
What is the clearest takeaway from Q1 FY27?
During the first quarter of fiscal 2027 (ended June 30, 2026), Kirloskar Brothers Limited registered consolidated revenue from operations of INR 1,104.9 crore and total consolidated income of INR 1,119.7 crore.
What drove revenue or demand?
Consolidated revenue from operations of INR 1,104.9 crore for Q1 FY27 comprised INR 682.0 crore generated within India and INR 422.9 crore derived from outside India.
What mattered most for margins or profitability?
Consolidated expenses for Q1 FY27 included INR 543.8 crore for cost of materials consumed, INR 38.9 crore for purchase of stock-in-trade, and an inventory change benefit of INR 44.7 crore for finished goods, stock-in-trade, and work-in-progress.
What changed operationally beyond the headline numbers?
The unaudited standalone and consolidated financial results for Q1 FY27 were reviewed by statutory auditors M/s. Sharp & Tannan, Chartered Accountants, and approved by the Board of Directors on July 31, 2026.
What should the next disclosure help confirm?
Ongoing monitoring of further clarifications and official Rules regarding the implementation of the New Labour Codes by the Government of India.
09 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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10 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Regulatory Implementation: Ongoing monitoring of further clarifications and official Rules regarding the implementation of the New Labour Codes by the Government of India.
- 02
International Subsidiary Performance: Continued tracking of operational execution and financial contributions from foreign subsidiaries across Europe, the Americas, South Africa, and Asia.
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