Kirloskar Industries500243Quarterly results
Board re-appoints Aditi Chirmule as Executive Director for three years; Amarjeet Singh named VP-HR; Q2 results approved
Ms. Aditi Chirmule's re-appointment as Executive Director for three (3) years, from 25 Jan 2027 to 24 Jan 2030, subject to members' approval by postal ballot; also KMP from 25 Jan 2027.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 2,075.02 | 1,781.94 | +16.4% | 1,779.15 | +16.6% |
| Total income | 2,097.70 | 1,790.06 | +17.2% | 1,798.66 | +16.6% |
| Profit before tax | 158.47 | 144.80 | +9.4% | 104.97 | +51% |
| Profit after tax | 104.60 | 100.73 | +3.8% | 78.75 | +32.8% |
| Total comprehensive income | (735.01) | (666.73) | −10.2% | 2,471.54 | — |
| Basic EPS | 48.58 | 50.49 | −3.8% | 32.05 | +51.6% |
- Total income YoY growth
- +17.2%
- Period
- Quarter Ended 30/09/2026
Also decided at the meeting
- Board approved the re-appointment of Ms. Aditi Chirmule as Executive Director for three years from 25 January 2027 to 24 January 2030, subject to members' approval.
- Board approved the re-appointment of Ms. Aditi Chirmule as Key Managerial Personnel with effect from 25 January 2027.
- Board approved a Postal Ballot under Section 110 to seek members' approval for Ms. Aditi Chirmule's re-appointment as Executive Director.
- Board appointed Mr. Amarjeet Singh as Vice President - Human Resources and Corporate Affairs with effect from 6 November 2026.
Auditor's review
Conclusion: Unmodified
Notes to the results
- Allotment of 5,312 equity shares of ₹10 each under KIL ESARP 2019 increased paid-up equity share capital to ₹10,51,46,840 comprising 1,05,14,684 shares of ₹10 each.
What the board decided
Kirloskar Industries' board met on 6 November 2026 and approved its quarterly accounts along with two decisions on senior appointments.
Executive Director re-appointed
- Ms. Aditi Chirmule (DIN 01138984) has been re-appointed as Executive Director for a term of three (3) years, from 25 January 2027 to 24 January 2030.
- The re-appointment is subject to the approval of the members, and the board has approved the conduct of a postal ballot to seek that approval.
- Separately, the board approved her re-appointment as Key Managerial Personnel (KMP) with effect from 25 January 2027.
- Her profile: a Commerce Graduate and Company Secretary, associated with the Kirloskar Group since 1989 and Executive Director of the company since 25 January 2012. She has played a role in internal and external restructuring, mergers, acquisitions and formation of joint ventures.
- She holds 14,272 shares, or 0.14% of the company, is not related to any Director, and is a director of Kirloskar Management Services Private Limited.
Human resources and corporate affairs
- Mr. Amarjeet Singh has been appointed Vice President - Human Resources and Corporate Affairs with effect from 6 November 2026.
- He brings more than twenty-five years of experience across manufacturing, engineering, power and energy, defence and aerospace, and technology and services.
- He was previously associated with Kirloskar Oil Engines Limited as Global Chief Human Resources Officer - Power & Energy Business.
- He is not a relative of any Director of the company.
The results approved
- The standalone and consolidated unaudited financial results for the quarter and six months ended 30 September 2026 were approved by the board and reviewed by Kirtane & Pandit LLP, Chartered Accountants, the statutory auditors.
- The auditors' limited review conclusion: nothing has come to their attention that causes them to believe the statement contains a material misstatement or has not disclosed what the regulations require. In simple words, a clean limited review conclusion. These are unaudited, reviewed numbers, not a full audit.
- The statement is standalone, ₹ in Crores: Total Income was 61.32 for the quarter ended 30 September 2026, and Profit after tax from continuing operations was 40.61.
- Inside revenue from operations, Dividend Income was 45.70 for the quarter: a large slice of the company's standalone income comes from dividends on its investments rather than from operations.
- Earning/(Loss) Per Share from continuing operations was 38.65 (basic) for the quarter.
- Total comprehensive income for the quarter was a loss, mainly on account of fair value movement on quoted equity investments held by the company, which the statement shows separately from the profit line.
- The statement also carries the six-month figures, the balance sheet as at 30 September 2026 (with a Statement of Assets and Liabilities) and the cash flow statement for the half year.
What a retail investor can take away
- Two things sit side by side in this update: the quarterly disclosure, and a three-year extension for the Executive Director that shareholders will vote on through a postal ballot.
- The Executive Director's own shareholding is 0.14% of the company, and the company states she is not related to any Director.
- Because a big part of standalone income is dividend income, the quarterly profit line can move with the value of the investment portfolio as well as with operations. The total comprehensive income line is where the fair value swings on quoted investments show up.
- The auditors' report records a clean limited review conclusion on the standalone statement.
144.80 (₹ in Crores)Profit before tax, year-ago quarter
Profit after tax, latest quarter104.60 (₹ in Crores)
Profit after tax from continuing operations, standalone quarter (₹ in Crores₹40.61 Cr
0.14%Ms. Aditi Chirmule's holding as % of the Company
Also from Kirloskar Industries
Material subsidiary's Q2 FY'27 earnings call transcript: 16% topline growth, casting output up 20%
7 Nov 2026
Material subsidiary's members appoint Ajay Shriram Patil as Director and Joint Managing Director
7 Nov 2026
Postal ballot: both resolutions passed for Ajay Shriram Patil as Director and Joint Managing Director
7 Nov 2026
More numbers
- Total Income, standalone, quarter ended 30 Sep 2026 (₹ in Crores)61.32
- Dividend Income within revenue from operations, standalone quarter (₹ in Crores)45.70
- Profit after tax from continuing operations, standalone quarter (₹ in Crores)40.61
- Earning per share from continuing operations, basic, standalone quarter (₹)38.65
- Shares held by Ms. Aditi Chirmule in the Company14,272
- Ms. Aditi Chirmule's holding as % of the Company0.14%
- Term of re-appointment as Executive Directorthree (3) years
- Mr. Amarjeet Singh's experiencemore than twenty-five years
- Total income, latest quarter2,097.70 (₹ in Crores)
- Total income, year-ago quarter1,790.06 (₹ in Crores)
- Total income, previous quarter1,798.66 (₹ in Crores)
- Total comprehensive income, latest quarter(735.01) (₹ in Crores)
- Total comprehensive income, year-ago quarter(666.73) (₹ in Crores)
- Total comprehensive income, previous quarter2,471.54 (₹ in Crores)
- Profit after tax, latest quarter104.60 (₹ in Crores)
- Profit after tax, year-ago quarter100.73 (₹ in Crores)
- Profit after tax, previous quarter78.75 (₹ in Crores)
- Revenue from operations, latest quarter2,075.02 (₹ in Crores)
- Revenue from operations, year-ago quarter1,781.94 (₹ in Crores)
- Revenue from operations, previous quarter1,779.15 (₹ in Crores)
- Basic EPS, latest quarter48.58 (in ₹)
- Basic EPS, year-ago quarter50.49 (in ₹)
- Basic EPS, previous quarter32.05 (in ₹)
- Profit before tax, latest quarter158.47 (₹ in Crores)
- Profit before tax, year-ago quarter144.80 (₹ in Crores)
- Profit before tax, previous quarter104.97 (₹ in Crores)
Source: BSE · 6 Nov 2026
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