Kirloskar Oil Engines zooms 15% on 'best-ever performance in Q2 FY26'; check key numbers

Commenting on the results, Gauri Kirloskar, Managing Director, Kirloskar Oil Engines, said, "Kirloskar Oil Engines Limited (KOEL) has delivered its best-ever performance in Q2 FY 26, marking a key milestone in the company's growth journey. We crossed the ₹1,500 crore revenue mark for the first time in a quarter and achieved our highest-ever H1 sales of ₹3,027 crore.

The MD added, "All segments within the standalone business recorded double-digit growth, reflecting our strong market position and operational excellence. The Power Generation Business Unit continued its robust performance, supported by our extensive distribution network, strong brand equity, and ongoing innovation in engine and generator technology."

Gauri Kirloskar further said that on October 10th, the company also announced a strategic restructuring of its B2C operations, transferring this business to its wholly owned subsidiary, La-Gajjar Machineries Private Limited, through a slump sale.

"This step strengthens its focus and aligns with its long-term strategic vision to reach a $2 billion top line by 2030. We are encouraged by the progress made and remain focused on executing our strategic priorities with discipline and consistency," the MD said.

Kirloskar Oil Q2: Standalone numbers

In its earnings release, the company said its net sales came in at ₹1,593 crore for Q2 FY26, as against ₹1,184 crore logged in the year-ago period, reflecting a jump of 35% YoY.

EBITDA came in at ₹214 crore, as against ₹148 crore seen in the September quarter for FY25, a 45% YoY increase, while EBITDA margin stood at 13.4% vs 12.4% for Q2 FY25.

Kirloskar Oil Q2: Consolidated numbers

• Revenue from continuing operations stood at ₹1,948 crore versus ₹1,499 crore for Q2 FY 25, up 30% YoY.

• Net profit from continuing operations came in at ₹159 crore for Q2 FY 26 vs ₹106 crore seen in Q2 FY 25, up 51% YoY.

The company said these numbers for the previous periods exclude the reversal of the provision for overdue receivables made for a customer towards sales made in earlier years. There is no such reversal in the current periods.

Numbers, inclusive of the aforesaid reversal, for the previous period, i.e., Q2 FY 25 and H1 FY 25, are as below:

• EBITDA margin, at a standalone level, was 13.9% and 14.4%, respectively.

• Net profit, at the consolidated level, was ₹125 crore and ₹281 crore, respectively.

About Kirloskar Oil Engines

Kirloskar Oil is a leader in the manufacturing of generator sets, internal combustion engines and farm equipment with a sizeable presence in international markets. It also manufactures world-class engines for construction equipment.

It specialises in manufacturing air-cooled and liquid-cooled engines for generator sets across a wide range of power outputs (3 kVA to 12,000 kVA). It has a significant presence in diesel and electric pump sets, power tillers, and specialised fishing engine markets, among others.

The company also has a strong distribution network throughout the Middle East and Africa with offices in Dubai, South Africa, Kenya and Houston, USA.