Kirloskar Brothers Ltd. · NSE:KIRLOSBROS
Kirloskar Brothers — Q2 FY26 Earnings Presentation
52 slides from Kirloskar Brothers's earnings presentation, Nov 3, 2025
Slide 1: Exchange cover letter for investor presentation
SEC/ F:25 November 03, 2025 BSE Limited National Stock Exchange of India Ltd. Corporate Relationship Department, 5 th Floor, Exchange Plaza, 2nd Floor, New Trading Ring, Bandra (East), Phiroze Jeejeebhoy Towers, Mumbai – 400 051. Dalal Street, Mumbai-400 001. (BSE Scrip Code – 500241) (NSE Symbol -
Slide 2: Investor Presentation Q2FY26
KIRLOSKAR BROTHERS LIMITED Established 1888 A Kirloskar Group Company INVESTOR PRESENTATION Q2FY26
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Kirloskar Brothers Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any se
Slide 4: KBL's Transformation: Unleashing our True Potential
KBL’s Transformation: Unleashing our True Potential Our Ongoing Transformation Journey ➢ Transformation = Culture at KBL • Not just change, but a deep-rooted mindset of growth, resilience, and excellence. ➢ External Adaptation + Internal Reinvention • Responding to market shifts while evolving from
Slide 5: Q2 & H1FY26 Highlights
Enriching Lives Q2 & HiFY26 Highlights
Slide 6: Q2 & H1FY26 Consolidated Highlights
Q2 & H1FY26 Consolidated Highlights Revenue from Operations EBITDA PAT Q2 FY26 Rs. 1,028 Crs. Rs. 124 Crs. Rs. 72 Crs. Revenue from Operations EBITDA PAT H1 FY26 Rs. 2,007 Crs. Rs. 251 Crs. Rs. 140 Crs. This is a proprietary document of Kirloskar Brothers Limited 5
Slide 7: Consolidated Financial Trend
Consolidated Financial Trend Revenue (Rs.in Crs.) EBITDA Margin (%) PAT Margin (%) 1,281 18.6% 12.5% 1,224 1,144 16.8% 16.0% 10.4% 10.8% 1,031 1,036 1,028 15.1% 965 979 14.3% 9.3% 913 13.0% 8.5% 12.3% 12.0% 10.6% 6.9% 7.0% 6.4% 5.6% Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q2FY
Slide 8: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (Rs. Crores) Q2FY26 Q2FY25 YoY H1FY26 H1FY25 YoY Net Revenue from Operations 1,027.7 1,035.8 -0.8% 2,006.7 2,066.7 -2.9% Other Income 15.1 14.3 31.0 29.6 COGS 492.2 495.6 958.5 1,015.9 Gross Profit 550.6 554.5 -0.7% 1,079.2 1,080.4 -0.1% Gross Margin
Slide 9: Consolidated Balance Sheet Statement
Consolidated Balance Sheet Statement Particulars (Rs.in Crs.) 30th Sep 25 31st Mar 25 Particulars (Rs.in Crs.) 30th Sep 25 31st Mar 25 Non Current assets Equity Property, Plant and Equipment 594.0 590.8 Equity Share capital 15.9 15.9 Capital work in progress 52.1 33.7 Intangible assets 6.9 7.9 Other
Slide 10: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (Rs. Crores) H1FY26 H1FY25 Profit Before Taxes 194.2 228.8 Changes in working capital -13.8 67.5 Cash generated from operations 180.4 296.3 Direct taxes paid (net of refund) 74.8 74.7 Net Cash from Operating Activities 105.5 221.6 Net Cash from Investing
Slide 11: Q2 & H1FY26 Key Financials Performance
Q2 & H1FY26 Key Financials Performance (Rs.in Crs.) KBL KCPL KPML* KBIBV Elimination Total Companies (Rs. Crores) Q2 FY26 Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 Q2 FY25 Revenue 651 690 19 16 153 135 357 334 -152 -139 1,028 1,036 EBITDA 68 98 5 4 19 15 32 39 0
Slide 12: Q2 & H1FY26 KBIBV Group Financials
Q2 & H1FY26 KBIBV Group Financials (Rs.in Crs.) KBTL (Thailand+ SPP UK SPP Inc (USA) Dutch Group SPP Mena SA Group KBIBV Standalone Elimination KBIBV Group Singapore) Companies (Rs. Crores) Q2 FY26 Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 Q2 FY2
Slide 13: Domestic & Overseas Orderbook Position
Domestic & Overseas Orderbook Position Robust Orderbook Implying Strong Revenue Visibility Orderbook and Pending Order Position (In Rs. crores) Standalone Pending Order book (In Rs. crores) KBL & Domestic Subsidiaries Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Sector^ Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2
Slide 14: About Us
Enriching Lives
Slide 15: Company at Glance
Company at Glance Product Offering One of the 1st AtmaNirbhar organization. India’s 1St & 250+ Increasing the mix of value-added products, end-to-end Presence Since largest pump manufacturer. Made some of India’s 1st solutions and new product launches by leveraging 137+ Years engineering products in
Slide 16: Legacy of 137+ Years
Legacy of 137+ Years IDEATE INNOVATE IMPLEMENT 1888-1958 1988-2009 2010-2020 Establishment & Restructuring Strategic & Technology Acquisition Phase Phase Expansion 2021 Onwards • 1888 : Establishment of Kirloskar ➢ 1988 : Established Kirloskar Ebara ➢ 2010 : Acquired Braybar Pumps Brothers Pumps Ltd
Slide 17: The Timeless Journey of Unmatched Excellence
The Timeless Journey of Unmatched Excellence This is a proprietary document of Kirloskar Brothers Limited 16
Slide 18: Our Business & Product line
Our Business & Product line Our Presence Our Business Application Oil & Gas Painter Network Marine & Defence ➢ 75+ Types of Pumps Large & Medium pumping Valves for industrial and solutions for complex fluid large-scale applications management system ➢ Flow up to 120,000 m³/hr. (529,000 US GPM) Small
Slide 19: Exemplary Endeavors: Charting Our Path of Impact
Exemplary Endeavors: Charting Our Path of Impact Building & Construction Power KBL is first & leading manufacturer of critical pumps for nuclear power in India. Supplied primary & Hong Kong–Zhuhai–Macau Bhavini Fast Breeder secondary sodium pump to Bhavini The Shard, UK Bridge Marina Bay Sands, Sing
Slide 20: State-Of-The-Art Manufacturing Facilities
State-Of-The-Art Manufacturing Facilities KIRLOSKARVADI, Est. in 1910 KBL’s 1st plant, with facilities starting from foundry to machining, manufacturing, SANAND, Est. in 2012 assembly, & testing of various pumps ranging Factory exclusively for borewell submersible from 5 kW to 30MW pumps. End-to-end
Slide 21: Our Innovative Solutions
Our Innovative Solutions Solar Pumping System Concrete Volute Pump KirloSmart Fire Lowest Life-Cycle Cost (LLC) Pump Primary Cooling Pump (PCP) for Pressurised IoT based remote monitoring solution KirloSmart Heavy Water Reactor (PHWR) Augmented Reality Mobile Training Additive Manufacturing 3D Print
Slide 22: Global Footprint Through Local Presence
Global Footprint Through Local Presence Maps not to scale. All data, information, and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness. This is a proprietary document of Kirloskar Brothers Limited 21
Slide 23: Highly Qualified Management Team
Highly Qualified Management Team Mr. Alok Kirloskar Ms. Rama Kirloskar Mr. Bhavesh Chheda Mr. Sanjay Kirloskar Director – KBL Joint Managing Director- KBL Chief Financial Officer Chairman & Managing Director Managing Director – SPP UK Managing Director – KEPL CEO – KBI B.V. ➢ Holds Bachelor’s in Sci
Slide 24: Board of Directors
Board of Directors Mr. M. S. Unnikrishnan Mr. Shrinivas V. Dempo Mr. Shobinder Duggal Ms. Ramni Nirula Ms. Rekha Sethi Independent Director Independent Director Independent Director Independent Director Independent Director ➢ Former MD & CEO of Thermax Group ➢ M.Sc. in Industrial Administration & ➢
Slide 25: Long Standing Relationships with Marquee Clientele
Long Standing Relationships with Marquee Clientele.. This is a proprietary document of Kirloskar Brothers Limited All logos are the property of the respective owners 24
Slide 26: Our Joint Ventures & Subsidiaries
Our Joint Ventures & Subsidiaries
Slide 27: Group Structure
Group Structure Kirloskar Brothers Limited Karad Projects and Motors Kirloskar Corrocoat Pvt. Ltd. Kirloskar Ebara Pumps Ltd. Kirloskar Brothers International B.V. Ltd. (100%) (65%) (45%) (The Netherlands) (100%) The Kolhapur Steel Ltd. (100%) SPP Pumps International Kirloskar Brothers Micawber 784
Slide 28: Leveraging the localized global presence
Leveraging the localized global presence KBL is leveraging the localised global presence through cost-synergies, duty-free access and local sourcing norms Cost Synergies Duty-free Access & preference Local Sourcing Norms and to Local Manufacturers Regulations ➢ Reduction in turnaround time ➢ Duty-fr
Slide 29: Kirloskar Brothers International B.V., The Netherlands
Kirloskar Brothers International B.V.*, The Netherlands Genesis Product Profile Industries Catered Geographies Catered ➢ Wholly owned subsidiary of Kirloskar ➢ Bi-directional Axial Flow ➢ Chemicals ➢ Flood Control ➢ Cambodia ➢ Philippines Brothers Limited pumps ➢ Poland ➢ Commercial Building ➢ HVAC
Slide 30: SPP Pumps Limited
SPP Pumps Limited Genesis Product Profile Industries Catered Geographies Catered ➢ 145+ years of heritage with R&D, ➢ Lowest Life Cycle Pumps for ➢ Commercial Building ➢ Italy manufacturing and test facilities water ➢ Transformer ➢ UK in the UK ➢ Supply and industrial ➢ Oil & Gas ➢ USA ➢ 1st in the
Slide 31: Dutch Entities Consolidated
Dutch Entities Consolidated Genesis Product Profile Industries Catered Geographies Catered ➢ Established by Sulzer in 1946, ➢ API Pumps conforming to API- ➢ Oil & Gas Midstream ➢ China acquired by KBL in June 2015 is a 610 standards, 12th edition ➢ Waste-Water ➢ Benelux leading manufacturer of API a
Slide 32: Kirloskar Brothers (Thailand) Limited, Thailand
Kirloskar Brothers (Thailand) Limited, Thailand Genesis Product Profile Industries Catered Geographies Catered ➢ FM approved Assembly and ➢ Fire fighting pumps ➢ Chemicals ➢ Thailand packaging for sales of centrifugal ➢ Chemical pumps ➢ Mining ➢ Singapore pump-sets in South-East Asia ➢ Water supply
Slide 33: Braybar Pumps Limited, South Africa
Braybar Pumps Limited, South Africa Genesis Product Profile Industries Catered Geographies Catered ➢ Manufacturing and sales of high ➢ Fire fighting pumps ➢ Mining (Copper, Gold, Uranium) ➢ South Africa head multi-stage pumps, rubber ➢ Mine de-watering pumps ➢ Water supply ➢ Zambia lined slurry pump
Slide 34: Karad Projects And Motors Limited (KPML)
Karad Projects And Motors Limited (KPML) Genesis Product Profile Industries Catered Geographies Catered ➢ KPML is a wholly owned ➢ Stamping: Electrical Stampings, ➢ Pumps ➢ India subsidiary of KBL. Core packs, Wound Stators, Die ➢ Hermetic Compressors ➢ Austria Cast Rotors, Copper Brazed ➢ 3 manufac
Slide 35: Kirloskar Ebara Pumps Limited
Kirloskar Ebara Pumps Limited Genesis Product Profile Industries Catered Geographies Catered ➢ JV in 1988 between KBL and ➢ Pumps: Centrifugal pumps as per ➢ Oil & Gas (Downstream – ➢ Indian Subcontinent Ebara Corporation to API 610, Multistage Boiler Refinery, Pipelines and Depots) ➢ Europe manufac
Slide 36: The Kolhapur Steel Limited (TKSL)
The Kolhapur Steel Limited (TKSL)* Genesis Product Profile Industries Catered Geographies Catered ➢ Established in the year 1965. High Grade Steel Alloy Castings for ➢ Turbomachines ➢ India ➢ TKSL is a wholly owned ➢ Pumps ➢ Shipping & Heavy Engineering ➢ South Korea subsidiary of KPML ➢ Steel Turbi
Slide 37: Kirloskar Corrocoat Private Limited
Kirloskar Corrocoat Private Limited Genesis Product Profile Industries Catered Geographies Catered ➢ JV between KBL and Corrocoat Anti Corrosion Coating Materials : ➢ Oil & Gas ➢ India Ltd. U.K. Company manufactures Corroglass - High performance ➢ Petrochemicals glass flake polymer coatings at its e
Slide 38: Strategic Focus
Enriching Lives Av 2 i \ f e—. \e-n o w 1s \a | Strategic Focus - Me &
Slide 39: A Unique Value Proposition
A Unique Value Proposition ➢ Leveraging innovations and product/ service offerings across subsidiaries to synergize the value proposition like • KEPL focuses on downstream Oil and Gas solutions, ➢ From Conceptualization to SPP Pumps focuses on upstream Oil and Gas Manufacturing to Implementation sol
Slide 40: Staying Ahead of the Curve through Digital Initiatives
Staying Ahead of the Curve through Digital Initiatives ➢ Over a decade, KBL has strategically invested in various strategic digital initiatives ➢ Provides Technological Advantage and additional revenue streams in services business ➢ Salesforce (SFDC) and SAP-S4 HANA for Automation and ERP Solutions
Slide 41: Subscription Platform - Creating Market Opportunity
Subscription Platform - Creating Market Opportunity Traditional KBL’s Innovative Solution - Solution Suscription Platform ➢ Manage customer site, refurbish, ➢ Proprietary Innovative Solution by KBL repair & upgrade all pumps in phased manner ➢ Remote failure prediction analytics, troubleshooting and
Slide 42: Way Ahead
Way Ahead…. Strategy Going Forward Change in Strategy Increase share o f value - adde d pr o ducts Reduced EPC business exposure and increased contribution from Services Focus on Value-Added Products acro s s geo grap h i es an d subscr ip tio n se r vice s i n key i n tern ati o n al & Value-Added
Slide 43: Historical Performance
Enriching Lives Historical Performance
Slide 44: Historical Financial Performance - Consolidated
Historical Financial Performance - Consolidated Revenue (Rs. Crores) EBITDA (Rs. Crores) PAT (Rs. Crores) 4,492.2 681.1 418.7 4,001.2 3,730.2 578.2 349.7 3,057.6 2,716.5 426.3 235.8 294.3 238.5 160.7 94.3 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 EBITDA Margin (%) PA
Slide 45: Historical Financial Performance - Consolidated
Historical Financial Performance - Consolidated EPS (in Rs.) Net Worth (Rs. Crores) Leverage (X) 52.3 2,101.4 0.3 43.8 1,724.1 0.3 1,407.4 0.2 29.6 1,107.2 1,180.2 20.3 0.1 0.1 11.9 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 RoCE (%) RoE(%) 28.0% 22.3% 21.9% 26.4% 21.
Slide 46: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (Rs. Crores) FY21 FY22 FY23 FY24 FY25 Net Revenue from Operations (Net of Excise) 2,716.5 3,057.6 3,730.2 4,001.2 4,492.2 Other Income 53.8 32.4 27.3 58.6 71.9 Materials Consumed 1,449.5 1,680.3 1,954.7 1,983.0 2,197.8 Employee Expenses 488.8 501.5 56
Slide 47: Consolidated Balance Sheet Statement
Consolidated Balance Sheet Statement Particulars (Rs. Crores) FY21 FY22 FY23 FY24 FY25 Particulars (Rs. Crores) FY21 FY22 FY23 FY24 FY25 Non Current assets Equity Property, Plant and Equipment 428.4 487.0 481.4 578.7 590.8 Equity Share capital 15.9 15.9 15.9 15.9 15.9 Capital work in progress 72.9 2
Slide 48: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (Rs. Crores) FY21 FY22 FY23 FY24 FY25 Profit Before Taxes 182.1 135.5 318.1 480.6 559.1 Changes in working capital 170.1 18.8 81.3 20.4 -10.0 Cash generated from operations 352.2 154.3 399.4 501.0 549.1 Direct taxes paid (net of refund) 35.8 41.4 67.4 126
Slide 49: Awards & Accolades
Awards & Accolades SPP Pumps UK - Manufacturer of the Dewas - Golden Peacock National Golden Peacock Award for Dewas and KEPL- Received The Award Year at prestigious Pump Industry Quality Award Environment Management For Excellence In Consistent TPM Award (PIA), marking 3rd consecutive Commitment wi
Slide 50: ESG Initiatives
ESG Initiatives Environmental Social Governance • Enhancement of renewable energy- power purchase agreement for 13.5 • Vikas Charitable Trust established in 1994 • Sustainability reporting since 2009-10 and integrated reporting since KwH open access solar • CSR activities revolves around Education,
Slide 51: Shaping Tomorrow: A Commitment to CSR
Shaping Tomorrow: A Commitment to CSR All-women operated manufacturing facility in Kaniyur & 35% women workforce in Sanand factory is testimony towards gender equality and women empowerment KBL conducts an array of activities and campaigns throughout the year. The company focuses on three areas for
Slide 52: Thank you
Thank you Company Investor Relations Advisor CIN: U74140MH2010PTC204285 CIN: L29113PN1920PLC000670 Mr. Pratik Shah / Mr. Jigar Kavaiya Mr. Bhavesh Chheda E: p.s.shah@sgapl.net / jigar.kavaiya@sgapl.net Email: bhavesh.chheda@kbl.co.in T: +91 9870030585 / +91 9920602034 www.kirloskarpumps.com www.sgap