Kirloskar Oil Engines Limited · NSE:KIRLOSENG
Kirloskar Oil Engines — Q4 FY25 Earnings Presentation
36 slides from Kirloskar Oil Engines's earnings presentation, May 15, 2025
Slide 1: Exchange filing cover letter
Date: 15th May 2025 BSE Scrip Code: 533293 NSE Scrip Code: KIRLOSENG To To Corporate Relationship Department Listing Department BSE Limited National Stock Exchange of India Ltd. 1st Floor, Rotunda Building, Exchange Plaza, C -1, Block G, Dalal Street, Fort, Bandra-Kurla Complex, Bandra (E), Mumbai –
Slide 2: Earnings Presentation Q4 FY25
Earnings Presentation Q4 FY25 15th May 2025 GROWTH From Innovation to Impact
Slide 3: Disclaimer & Safe Harbor Statement
DISCLAIMER & SAFE HARBOR STATEMENT Statements in this presentation, particularly those which relate to management’s views and analysis, describing the Company’s objectives, projections, estimates and expectations may constitute “forward looking statements” within the meaning of applicable laws and r
Slide 4: KOEL Group structure
KOEL GROUP La-Gajjar Arka Financial Kirloskar Americas Kirloskar Machineries Holdings (P) Ltd4 Corporation2 International ME (P) Ltd1 (100%) (100%) (100%) FZE (100%)7 Engines LPG, LLC dba Arka Investment KOEL- Earnings Call – Q4 FY25 – KOEL Group Arka Fincap Ltd3 Wildcat Power Gen6 Advisory Services
Slide 5: Content
CONTENT ▪ STRATEGY ▪ BUSINESS OVERVIEW ▪ FINANCIAL OVERVIEW 4
Slide 6: Our 2X-3Y Strategy - Lookback
OUR 2X–3Y STRATEGY - LOOKBACK Looking to drive exponential growth from FY 2022 - FY 2025 2X-3Y Strategy: Grow 2 times in 3 years 2X-3Y Strategy Pillars Revenue ₹ 65 Bn Growth @ double digit EBITDA Strategy Goal Channel Actions driven & Path to by strategy Market Technology People & KOEL- Earnings Ca
Slide 7: 2X3Y Journey - Our Achievements
2X3Y JOURNEY- OUR ACHIEVEMENTS 1.6X ₹ 5,073 Cr Top line growth (FY22-FY25) Sales (FY25) 12.8% 2.7X 2.6X EBITDA # Margin (FY25) PAT # growth (FY22-FY25) Cash from operations growth (FY22-FY25) KOEL- Earnings Call – Q4 FY25 – Strategy 2.4X 11 Consecutive quarters of over ₹ 1,000 Cr revenue EBITDA # gr
Slide 8: Content
CONTENT ▪ STRATEGY ▪ BUSINESS OVERVIEW ▪ STANDALONE ▪ SALES HIGHLIGHTS ▪ CONSOLIDATED ▪ SEGMENT OVERVIEW ▪ FINANCIAL OVERVIEW 7
Slide 9: Products to Business Segments
Products to Business Segments… Product Lines Business Segments B2B Business Segment Engines and Gensets Power Gen Industrial Engines Industrial Power Solutions for Large / Institutional Project Clients (Marine, Defence etc) After Sales Support Distribution and Aftermarket International Retail Channe
Slide 10: Standalone Sales Highlights - Q4 FY25 YoY
STANDALONE SALES HIGHLIGHTS – Q4 FY25 YoY B2B Sales Power Gen Industrial Distribution & International B2B 1% 5% After Market -15% 1,216 543 -6% 12% 1,209 517 235 173 309 210 147 291 Q4 FY24 Q4 FY25 Q4 FY24 Q4 FY25 Q4 FY24 Q4 FY25 Q4 FY24 Q4 FY25 Q4 FY24 Q4 FY25 B2C Sales WMS FMS International B2C 10
Slide 11: Standalone Sales Highlights - FY25 YoY
STANDALONE SALES HIGHLIGHTS – FY25 YoY B2B Sales Power Gen Industrial Distribution & International B2B 6% 3% 12% After Market 4,433 1,969 13% -6% 4,182 1,905 843 1,133 749 520 488 1,008 500 0 FY24 FY25 FY 24 FY 25 FY24 FY25 FY24 FY25 FY24 FY25 B2C Sales WMS FMS International B2C 2% 7% -45% 67% 624 6
Slide 12: Consolidated Segment Performance Overview - B2B
CONSOLIDATED SEGMENT PERFORMANCE OVERVIEW – B2B Segment Revenue Trend Performance Updates All amounts are in “₹ Crore” ▪ Strong growth of 21% over subdued previous quarter Domestic Export performance 1,221 1,156 1,232 178 99 1,075 1,018 151 ▪ Highest ever BU sales for PowerGen, Distribution & Afterm
Slide 13: Consolidated Segment Performance Overview - B2C
CONSOLIDATED SEGMENT PERFORMANCE OVERVIEW – B2C Segment Revenue Trend Performance Updates All amounts are in “₹ Crore” Domestic Export ▪ Standalone WMS and B2C International business witnessed double 317 317 digit growth 276 58 77 54 230 224 ▪ B2C Consolidated revenue up by 42%(q-o-q) with significa
Slide 14: Consolidated Segment Performance Overview - Financial Services
CONSOLIDATED SEGMENT PERFORMANCE OVERVIEW – FINANCIAL SERVICES Segment Revenue Trend Performance Updates All amounts are in “₹ Crore” ▪ KOEL’s total investment in AFHPL as on 31st Mar 2025 stood at 1,053 Cr# 199 212 204 162 165 ▪ AFHPL revenue from operations stood at 204 Cr in Q4 FY25; a growth of
Slide 15: Content
CONTENT ▪ STRATEGY ▪ BUSINESS OVERVIEW ▪ FINANCIAL OVERVIEW ▪ STANDALONE ▪ PERFORMANCE HIGHLIGHTS ▪ PROFIT AND LOSS STATEMENT ▪ WORKING CAPITAL AND NET CASH POSITION ▪ CONSOLIDATED ▪ PERFORMANCE HIGHLIGHTS ▪ PROFIT AND LOSS STATEMENT ▪ SEGMENT RESULTS 14
Slide 16: Standalone - Performance Highlights
STANDALONE – PERFORMANCE HIGHLIGHTS All amounts are in “₹ Crore” Sales EBITDA* & Margin* PAT* & Margin* 2% -5% -10% 1,378 1,401 179 118 1,154 171 106 Quarterly 12.1% 7.5% 12.8% 8.5% 118 5.6% 10.1% 65 21% 45% 62% Q4 FY24 Q3 FY25 Q4 FY25 Q4 FY24 Q3 FY25 Q4 FY25 Q4 FY24 Q3 FY25 Q4 FY25 KOEL- Earnings C
Slide 17: Standalone - Profit and Loss Statement
STANDALONE - PROFIT AND LOSS STATEMENT All amounts are in “₹ Crore” Particulars Q4 FY25 Q3 FY25 Q-o-Q Q4 FY24 Y-o-Y FY25 FY24 Y-o-Y2 Net Sales 1,401.1 1,153.8 21% 1,377.9 2% 5,072.7 4,806.4 6% Other Operating Income 11.4 9.8 16% 13.7 -17% 40.6 44.2 -8% Revenue From Operations 1,412.5 1,163.6 21% 1,3
Slide 18: Standalone Working Capital and Net Cash Position
STANDALONE WORKING CAPITAL AND NET CASH* POSITION All amounts are in “₹ Crore” Inventories Receivables 48 Days 50 Days 77 Days 77 Days 49 Days 34 Days 41 Days 42 Days 43 Days 39 Days 724 632 651 716 614 614 568 524 524 493 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY
Slide 19: Consolidated - Performance Highlights
CONSOLIDATED – PERFORMANCE HIGHLIGHTS All amounts are in “₹ Crore” Sales PAT* & Margin* 6% -18% 1,737 Quarterly 135 1,644 1,442 111 8.1% 68 6.3% 4.7% 21% 64% Q4 FY24 Q3 FY25 Q4 FY25 Q4 FY24 Q3 FY25 Q4 FY25 KOEL- Earnings Call – Q4 FY25 – Consolidated Financial Overview Sales PAT* & Margin* 8% -0.4%
Slide 20: Consolidated - Profit and Loss Statement
CONSOLIDATED - PROFIT AND LOSS STATEMENT All amounts are in “₹ Crore” Particulars Q4 FY25 Q3 FY25 Q-o-Q Q4 FY24 Y-o-Y FY25 FY24 Y-o-Y∂ Net Sales* 1,737.1 1,441.5 21% 1,643.6 6% 6,294.8 5,841.2 8% Other Operating Income 15.75 12.2 30% 16.4 -4% 54.3 57.1 -5% Revenue From Operations 1,752.9 1,453.7 21%
Slide 21: Segment Results - Consolidated
SEGMENT RESULTS - CONSOLIDATED All amounts are in “₹ Crore” Particulars Q4FY25 Q3FY25 QoQ Q4 FY24 YoY FY25 FY24 YoY Segment Revenue B2B 1,231.8 1,018.3 21% 1,221.2 1% 4,481.0 4,228.4 6% B2C 317.1 223.8 42% 276.3 15% 1,087.7 1,105.4 -2% Financial Services 204.0 211.6 -4% 162.5 26% 780.4 564.6 38% Rev
Slide 22: For Further Information Please Contact
For Further Information Please Contact: KOEL Company Secretary Group Investor Relations Ms. Farah Irani Ms. Mayura Bhusari Tel: (020) 25810341(Extn- 4461) Tel: (020) 67060374 Email: farah.irani@kirloskar.com Email: mayura.bhusari@kirloskar.com 21
Slide 23: Analyst Meeting - Kirloskar Oil Engines Limited
Analyst Meeting Kirloskar Oil Engines Limited May 2025
Slide 24: Disclaimer & Safe Harbor Statement
DISCLAIMER & SAFE HARBOR STATEMENT Statements in this presentation, particularly those which relate to management’s views and analysis, describing the Company’s objectives, projections, estimates and expectations may constitute “forward looking statements” within the meaning of applicable laws and r
Slide 25: The ambition of 2X3Y was a significant departure from previous 10 years
The ambition of 2X3Y was a significant departure from the previous 10 years performance All Values in INR Cr KOEL revenue CAGR between FY12 to FY22 KOEL 2X3Y Ambition 2.9% 3,268 3,117 2,818 2,860 2,841 2,641 2,587 2,664 2,446 2,521 2,475 3268 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY
Slide 26: Our 2X3Y Goal Tree: 5 pillars
Our 2X3Y Goal Tree: We focused on 5 pillars to drive the 2X3Y Strategy Objectives Strategic Pillars Key Programs Drive Business Growth, B2B Businesses- Deploy Core Diesel Growth Strategy Growth Mindset EBITDA & Cash Generation B2C Businesses- Drive Growth, Agility & Path to Profitability Drive growt
Slide 27: Our Products & Solutions: multiple new launches in last 3 years
Our Products & Solutions: We have launched multiple new products and solutions in the last 3 years 2500 kVA Dual Core OptiPrime Power System Hybrid Gensets Restricted Confidential
Slide 28: Sentinel Series and OptiPrime Power Systems
Our new products introductions & solutions: Sentinel Series and OptiPrime Power Systems Kirloskar Powergen: Sentinel Series Kirloskar Powergen: OptiPrime Series We are working towards creating value for our customers by offering power dense and flexible solutions Restricted Confidential
Slide 29: Working with the Indian Navy on indigenized propulsion engine
Our Products & Solutions: We are working with the Indian Navy to develop indigenized propulsion engine platform 3 MW to 10 MW Restricted Confidential
Slide 30: Every business achieved >1.5X (other than FMS)
Our 2X3Y journey -> Every business achieved >1.5X (other than FMS) +51.8% +80.1% 1,969 537 1,297 1.52X PGBU IBG 298 1.80X (B2B + B2C) FY22 FY25 FY22 FY25 +62.0% +64.5% 1,133 542 699 330 1.62X Industrial WMS 1.64X FY22 FY25 FY22 FY25 +51.5% 843 -44.7% 557 88 48 1.51X DABU FMS* Decline FY22 FY25 FY22
Slide 31: 2X3Y journey ended with Q4'25: performance across the trifecta
Our 2X3Y journey ended with Q4’25 -> A satisfying performance across the trifecta +55.2% 1.6X 4,806 5,073 4,073 Revenue grew from INR 3,268 3,268 Cr to INR 5073 Cr FY22 FY23 FY24 FY25 EBITDA +143.2% 2.4X EBITDA grew from INR 269 Cr to INR 654 Cr 269 FY22 427 FY23 564 FY24 654 FY25 Cash (Operations)
Slide 32: KOEL Analyst Meet 16th May 2025
KOEL Analyst Meet 16th May 2025 The mark ‘Kirloskar’ in the status line is owned by Kirloskar Proprietary Limited and Arka Fincap Limited is the permitted user.
Slide 33: Arka Fincap: Year that went by (FY25 vs FY24)
Year that went by (FY25 vs FY24) AuM Borrowings PAT Retail Wholesale Mix Business ₹7,255 Cr ₹5,455 Cr ₹80.4 Cr +16% vs FY24 64% : 36% +39% vs FY24 +43% vs FY24 EIR Cost of Funds NIM (Annualized) Cost-Income Key Ratios & Metrics 5.7% 53.9% 12.4% 9.8% 6.3% as per FY24 46.9% as per FY24 RoAA (Annualize
Slide 34: A Billion Dollar Enterprise by 2030
A Billion Dollar Enterprise by 2030 Huge credit gap in MSME segment & significant growth potential in retail credit Kirloskar’s lineage | Robust Governance | Pan-India distribution 3-3-3 Building Granular Secured Retail Book (Livelihood Financing) 3x AuM, 3% RoA & <3% GNPA by FY30 Cycle resilient te
Slide 35: 2B2B Strategy - The Ambition: $2 Billion in 5 years
2B2B Strategy - The Ambition: Grow the Kirloskar Oil Engines business to $2 Billion in the next 5 years at a consolidated level FY26 FY27 FY28 FY29 FY30 Execution of Complete Inorganic growth Improve share of Final year of manufacturing execution of the opportunities in line business in Defence Miss
Slide 36: Thank you
Thank you
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