Kirloskar Pneumatic Company Ltd

Kirloskar Pneumatic Company Limited (KIRLPNU) reported unaudited financial results for Q2 FY27, held on October 27, 2026. Sales for Q2 were INR320 crores, down from INR378 crores in Q2 FY26, with H1 sales at INR620 crores compared to INR650 crores in H1 FY26. The company noted challenges in order execution, particularly in the Precision Engineering Division, and delayed package shipments to the Middle East. Export sales increased significantly to INR64 crores in H1 from INR31 crores last year. The equipment business contributed 78% of H1 sales, up from 65% in the prior year, driven by CNG and refrigeration demand. The company filed over 65 IP applications and is developing new technologies. The subsidiary Systems and Components saw order book growth to INR22 crores. EBITDA for Q2 was INR48.7 crores (14.9% margin), down from INR64.8 crores (16.8% margin) in Q2 FY26. The company remains debt-free and expects strong Q3 and Q4 performance, driven by dispatches and order finalization. Management guided toward 20% annual growth, though Q2 margins were lower due to delayed high-margin package orders. The order book stood at INR2,040 crores as of October 1, 2026.

The document highlights both challenges in execution and delayed shipments, as well as growth in exports and equipment business, indicating a mixed tone.