Kirloskar Pneumatic (505283) Q3 25/26 earnings summary

Executive summary

• Q3 FY26 standalone revenue was ₹4,035 million, up 18.5% YoY; profit for the period was ₹431 million after a ₹183 million labour-code charge.

• 9M FY26 total income was ₹1,074.7 crore; EBITDA was ₹196 crore at an 18.2% margin.

• Order board stood at ₹1,939 crore on Jan. 1, 2026, up 19% from ₹1,624 crore on Apr. 1, 2025.

• FY26 revenue guidance is ₹1,800–1,850 crore and PBT guidance ₹345–360 crore; management expects 20% top-line growth from FY27.

Financial highlights

• Q3 FY26 standalone revenue was ₹4,035 million vs ₹3,400 million; consolidated revenue was ₹4,069 million vs ₹3,426 million.

• Standalone 9M FY26 revenue from operations was ₹1,053.6 crore vs ₹1,046 crore; consolidated 9M revenue was ₹1,074.9 crore vs ₹1,048.6 crore.

• Standalone 9M FY26 PAT was ₹114.5 crore vs ₹130.4 crore; basic EPS was ₹17.63 vs ₹20.12.

• 9M FY26 PBT before exceptional items was ₹172.7 crore vs ₹175.9 crore; after the ₹18.3 crore exceptional item, PBT was ₹154.4 crore.

• Q3 standalone PBT before exceptional items and tax was ₹788 million vs ₹480 million; reported PBT was ₹605 million after the ₹183 million charge.

Outlook and guidance

• FY26 revenue guidance is ₹1,800–1,850 crore and PBT guidance is ₹345–360 crore, implying 12%–14% top-line growth.

• Management expects 20% top-line growth from FY27 and targets a 20% EBIT margin going forward.

• FY26 exports are expected at ₹140 crore vs ₹124 crore in FY25, with process gas accounting for most export activity.

• Two delayed large packages were expected to ship by February; dispatch would have added more than ₹150 crore to Q3 sales.

• New products are expected to contribute 15% of sales, with an aspiration to reach 25%; new-product status covers launches from the prior three years.