Kirloskar Brothers Q2 Results: Revenue Up 24%, Orders Jump 68% (October 27, 2026)

The Kirloskar Brothers Q2 results, announced on Tuesday, October 27, 2026, show a pump maker that is selling a lot more but keeping a smaller share of each rupee. Consolidated revenue from operations rose about 24% year-on-year to Rs 1,276.7 crore, while net profit from continuing operations edged up just 3.5% to Rs 74.7 crore, according to the company’s results filing on NSE.

Kirloskar Brothers Q2 results: the key numbers

All figures below are consolidated for the July-September quarter (Q2 FY27) against the same quarter last year, from the filing and the company’s investor release.

• Revenue from operations: Rs 1,276.7 crore, up from Rs 1,027.7 crore.
• EBITDA: Rs 143.2 crore, up 16% from Rs 123.5 crore, as reported by the company.
• EBITDA margin: 11.2%, down from 12.0% a year ago.
• Net profit from continuing operations: Rs 74.7 crore, against Rs 72.2 crore. Sequentially it was up from Rs 67.6 crore in the June quarter.
• Half-year (H1 FY27) revenue: Rs 2,381.6 crore, up 19%.

Why one headline says 11.5% and another says 3.5%

You may have seen CNBC-TV18 report an 11.5% rise in profit to Rs 75.2 crore. Both numbers are in the filing. Rs 75.2 crore is profit before the company’s share in its joint venture, and that line did grow from Rs 67.4 crore. The difference is the JV itself: it added Rs 4.8 crore a year ago and took away Rs 0.5 crore this quarter. Once that is counted, the bottom line grows only about 3.5%.

The standalone business, which is mostly the Indian operation, looked healthier. Standalone revenue rose about 23% to Rs 799.1 crore and standalone profit after tax climbed from Rs 37.6 crore to Rs 54.4 crore.

Orders are the real story

Fresh orders received in the quarter came to Rs 2,047.2 crore, 68% more than the Rs 1,219.2 crore booked a year earlier. Domestic orders made up Rs 1,401.7 crore and overseas Rs 645.5 crore. The consolidated order book stood at Rs 4,627.7 crore on September 30, 2026, up 30% from Rs 3,563.7 crore a year before.

The investor release also lists year-on-year sales growth by segment:

• Water and irrigation sales rose 38%.
• Power sales rose 64%, helped by an order for primary circuit and canned motor pumps for a nuclear project.
• Building and construction sales rose 37%.
• Marine and defence sales rose 57%.
• Oil and gas sales were up 509%, but from what was clearly a small base.
• The small pump business, which is closer to a consumer product, grew a slower 12%.

What it means for investors

We read this as a demand-side quarter rather than a profit quarter. Material costs rose faster than revenue, so the margin slipped by about 80 basis points even with 24% more sales. The order book gives the company visibility, but the market will want to see that backlog turn into better margins, not just bigger revenue. Investors also need to watch the joint venture, since its swing was enough to wipe out most of the headline profit growth.

The stock closed 0.70% lower at Rs 1,551.50 on Tuesday, according to CNBC-TV18. The company has scheduled a conference call with analysts on October 28, and any comments there on margins and execution timelines will matter more than the headline numbers.

If you want a framework for reading results like these, our guide on how to analyse quarterly results of a company walks through revenue, margins and one-offs. For another capital goods company with a big order book, see our take on L&T’s Q2 results.

Disclaimer: This article is for information and education only and is not investment advice. Please do your own research or consult a SEBI-registered adviser before making any investment decision.