Kirloskar Pneumatic Company505283Quarterly results
Q2 results approved; 9,700-share ESOS allotment; Rs. 110 Million Nashik land acquisition gain
Board approved unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 3,263 | 3,864 | −15.6% | 3,031 | +7.7% |
| Total income | 3,344 | 3,936 | −15% | 3,112 | +7.5% |
| Profit before tax | 505 | 574 | −12% | 447 | +13% |
| Profit after tax | 400 | 438 | −8.7% | 332 | +20.5% |
| Total comprehensive income | 384 | 347 | +10.7% | 544 | −29.4% |
| Basic EPS | 3.08 | 3.35 | −8.1% | 2.57 | +19.8% |
- Total income YoY change
- 3,936 (−15%)
- Period
- Quarter ended on Sept 30 2026
Also decided at the meeting
- Allotted 9,700 equity shares of Re. 1/- each to eligible employees under 'KPCL Employee Stock Option Scheme 2019'; paid-up capital now Rs. 12,99,69,580 (12,99,69,580 shares).
Notes to the results
- Exceptional item: gain of Rs. 110 Million in Q2 on acquisition of 7,200 sq m of Company land at Nashik by MSIDC for the proposed Ring Road Project.
- On May 4, 2026 the Holding Company acquired additional 44.74% stake in SCIPL for Rs.125.50 Million, making it a 100% subsidiary.
- On August 3, 2026 the Holding Company acquired 99.49% stake in Kirloskar South East Asia Co Ltd (KSEA) for Rs.49.45 Million.
- Equity shares of Rs. 2/- each sub-divided into two shares of Re. 1/- each on record date August 18, 2026; EPS for all periods restated.
Quarter and half year results, an employee share allotment and a one-time land gain came together in one board meeting.
What the board approved
- Unaudited standalone and consolidated Financial Results for the quarter and half year ended September 30, 2026, along with segment-wise reports, statement of assets and liabilities and cash flow statements.
- Allotment of 9,700 equity shares of face value Re. 1/- each to eligible employees who exercised stock options under the KPCL Employee Stock Option Scheme 2019. The new shares rank pari-passu with the existing equity shares.
- After this allotment, the issued, subscribed and paid-up share capital is ~Rs. 13 crore, comprising ~13 crore equity shares of Re. 1/- each.
Auditor's review
Kirtane & Pandit LLP, Chartered Accountants, carried out a limited review of the standalone results. The report states that nothing has come to their attention that causes them to believe the statement has not disclosed the information required or contains a material misstatement. A limited review is narrower in scope than a full audit and is not an audit opinion.
Standalone performance (figures as printed, ₹ in Million)
- Revenue from operations: 3,197 for the quarter ended September 30, 2026, against 3,781 for the quarter ended September 30, 2025.
- Profit for the period: 398, against 432 in the same quarter a year earlier.
Consolidated view
The consolidated statement was also approved and reviewed. Consolidated Revenue from operations for the quarter ended September 30, 2026 was 3,263 (₹ in Million).
The one-time item
- The company recorded an exceptional gain of Rs. 110 Million from the acquisition of company-owned land at Nashik by Maharashtra State Infrastructure Development Corporation for the proposed Ring Road Project.
- The company has presented it as an exceptional item, citing its materiality and non-recurring nature.
Share capital changes
- The company sub-divided one equity share of face value Rs. 2/- into two equity shares of face value Re. 1/- each, with the record date August 18, 2026. Basic and diluted earnings per share for all periods presented are computed on the new number of shares.
- Shares allotted under the same employee scheme during the half year were listed on the stock exchanges on October 19, 2026.
What to keep in mind
- The 9,700 new shares are a very small addition to the 12,99,69,580-share base, so the employee allotment changes the share count only marginally.
- The Rs. 110 Million land gain is described by the company as non-recurring; the standalone Revenue from operations and Profit for the period for the quarter are lower than the year-earlier quarter.
398 (₹ in Million)-7.9%
Q2 FY26432 (₹ in Million)Q2 FY27398 (₹ in Million)
3,864 (₹ in Million)Revenue from operations, year-ago quarter
Total income, latest quarter3,344 (₹ in Million)
Profit before tax, latest quarter505 (₹ in Million)
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More numbers
- Equity shares allotted to employees under KPCL ESOS 20199,700 equity shares
- Issued, subscribed and paid-up share capital after allotmentRs. 12,99,69,580
- Standalone Revenue from operations, Q2 FY273,197 (₹ in Million)
- Standalone Revenue from operations, Q2 FY263,781 (₹ in Million)
- Standalone Profit for the period, Q2 FY27398 (₹ in Million)
- Standalone Profit for the period, Q2 FY26432 (₹ in Million)
- Consolidated Revenue from operations, Q2 FY273,263 (₹ in Million)
- Exceptional gain on Nashik land acquisitionRs. 110 Million
- Total income, latest quarter3,344 (₹ in Million)
- Total income, year-ago quarter3,936 (₹ in Million)
- Total income, previous quarter3,112 (₹ in Million)
- Total comprehensive income, latest quarter384 (₹ in Million)
- Total comprehensive income, year-ago quarter347 (₹ in Million)
- Total comprehensive income, previous quarter544 (₹ in Million)
- Profit after tax, latest quarter400 (₹ in Million)
- Profit after tax, year-ago quarter438 (₹ in Million)
- Profit after tax, previous quarter332 (₹ in Million)
- Revenue from operations, latest quarter3,263 (₹ in Million)
- Revenue from operations, year-ago quarter3,864 (₹ in Million)
- Revenue from operations, previous quarter3,031 (₹ in Million)
- Profit before tax, latest quarter505 (₹ in Million)
- Profit before tax, year-ago quarter574 (₹ in Million)
- Profit before tax, previous quarter447 (₹ in Million)
- ESOS shares allotted9,700 equity shares
- Exceptional gain on land acquisitionRs. 110 Million
Source: BSE · 27 Oct 2026
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