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Kirloskar Pneumatic Company Ltd

| Audited Standalone Financial Results for Q4 and Year Ended March 31, 2026

Report Source

⬤27th Apr 26

Summary : Kirloskar Pneumatic reported strong FY26 results, recommended a 425% dividend, announced a share split for liquidity, and completed a strategic subsidiary acquisition.

Quarterly Report Analysis & Insights

Financial Disclosures

  1. Standalone Total Expenses FY26: 14,301 Million (Cost of material consumed: 8,307 Million, Employee benefit expense: 2,005 Million, Other Expenses: 3,255 Million).
  2. Consolidated Total Expenses FY26: 14,625 Million (Cost of material consumed: 8,440 Million, Employee benefit expense: 2,056 Million, Other Expenses: 3,296 Million).
  3. Standalone Revenue from operations FY26: 17,592 Million (Compression Systems: 16,437 Million, Other Non Reportable Segments: 1,155 Million).
  4. Consolidated Revenue from operations FY26: 17,868 Million (Compression Systems: 16,713 Million, Other Non Reportable Segments: 1,155 Million).
  5. Standalone Net cash inflow from operating activities FY26: 2,276 Million.
  6. Consolidated Net cash inflow from operating activities FY26: 2,327 Million.
  7. Standalone Net cash outflow from investing activities FY26: (1,133) Million.
  8. Consolidated Net cash outflow from investing activities FY26: (1,106) Million.
  9. Standalone Net cash outflow from financing activities FY26: (631) Million.
  10. Consolidated Net cash outflow from financing activities FY26: (709) Million.
  11. Standalone Total Assets FY26: 17,382 Million (Non-current assets: 4,881 Million, Current assets: 12,501 Million).
  12. Consolidated Total Assets FY26: 17,574 Million (Non-current assets: 4,969 Million, Current assets: 12,605 Million).
  13. Standalone Total Equity FY26: 12,510 Million.
  14. Consolidated Total Equity FY26: 12,488 Million.
  15. Acquisition of subsidiary is not a related party transaction.
  16. Both standalone and consolidated financial results are presented.
  17. Consolidated results include Systems and Components (India) Private Limited.

Corporate Overview

  1. India (market leader for industrial refrigeration compressors)
  2. Maharashtra, India (subsidiary manufacturing plant)
  3. Manufactures industrial refrigeration compressors.
  4. Leader in oil and gas sector.
  5. Introduced centrifugal and screw air compressors.
  6. Factual and formal, reporting key decisions and financial outcomes.
  7. Compression Systems
  8. Other Non Reportable Segments
  9. Acquisition of balance 44.74% equity in Systems & Components (India) Private Limited.

Risk Factors

  1. Impact of new labor codes.
  2. Uncertainty regarding labor code rules.
  3. Potential for future events affecting going concern.
  4. Risk of material misstatements or fraud.

Key Drivers

  1. Recommended 425% final dividend.
  2. Share split to improve liquidity.
  3. Acquisition of remaining subsidiary stake.
  4. Strong financial performance for FY26.

Auditor’s Report

  1. Unmodified opinion on standalone and consolidated financial results.
  2. Opinion not modified regarding derived quarterly figures.

Board Commentary

  1. Re-appointment of Mr. Rahul Kirloskar as Whole Time Director for 5 years.
  2. Appointment of Mr. Ranganath Nuggehalli Krishna as Additional Director (Independent Director).
  3. Elevation of Mr. Nitin Pai to Senior Management (Head of ACR Business Unit).
  4. Elevation of Mr. Ganesh Chaudhari to Senior Management (CHRO).
  5. Elevation of Mr. Samit Gujarathi to Senior Management (Head of PGS Division).
  6. Recommended final dividend of 425% (Rs. 8.50 per equity share) for FY 2025-26.
  7. Impact of new labor codes on employee benefits.
  8. Assessed incremental impact of new labor codes (Code on Wages, Industrial Relations, Social Security, Occupational Safety).
  9. Approved acquisition of balance 44.74% equity shares of Systems & Components (India) Private Limited for Rs. 12.55 Crores.
  10. Approved sub-division of equity shares from Rs. 2/- to Re. 1/- face value.

Corporate Governance

  1. Appointment of Mr. Ranganath Nuggehalli Krishna as Independent Director.
  2. Nomination and Remuneration Committee recommended board and senior management appointments.
  3. Audit Committee reviewed and recommended financial results.

Management Discussion & Analysis

Future Strategy

  1. Complete acquisition of Systems & Components (India) Private Limited to make it a wholly-owned subsidiary.
  2. Sub-division of equity shares to improve market liquidity and attract small investors.

Risk Control Measures

  1. Monitoring finalization of labor code rules and clarifications from Government.

Critical Risks

  1. Incremental impact of new labor codes on employee benefits.
  2. Uncertainty regarding finalization of Central/State Rules for labor codes.
Kirloskar Pneumatic Company Ltd (KIRLPNU) Quarterly Report Analysis & Insights | Dhanarthi