India · Delayed Price · Currency is INR Kirloskar Brothers Earnings Call Transcripts
Fiscal Year 2026
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Q4 saw 10% revenue growth year-over-year, with strong international and order book gains. Operational disruptions and a one-time labor code expense impacted margins, but management remains optimistic for double-digit growth, supported by robust demand in infrastructure, power, and data centers.
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Q3 FY26 saw consolidated revenue of INR 1,116 crore and strong international growth, but domestic execution was impacted by JJM funding delays and ERP issues. Margins moderated, but a robust order book and recovery in operations support a positive outlook.
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Q2 FY26 revenue was stable year-on-year, with strong international growth offsetting domestic headwinds. EBITDA margin was 12%, impacted by FX losses, but a robust order book and positive outlook for H2 support double-digit growth aspirations.
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Q1 FY26 revenue declined 5% year-on-year due to seasonal and geopolitical factors, but EBITDA margin improved to 13% and order inflows grew 9%. Industrial demand and operational efficiencies supported profitability, with a strong order book and positive outlook for recovery in Q2.
Fiscal Year 2025
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FY25 saw 12% revenue growth and 18% EBITDA growth, with strong order inflows and robust international performance. Margin improvement initiatives and digital transformation are underway, while cash flow and collections remain strong. Management is optimistic about future growth, supported by a healthy order book.
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Q3 FY25 saw 19% YoY revenue growth and 32% YoY EBITDA growth, with strong international performance led by SPP U.K. and robust order books across segments. Double-digit revenue growth guidance is maintained, and margin expansion continues, supported by operational efficiencies.
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Revenue and profit surged year-over-year, with Q2 consolidated revenue up 13.4% and EBITDA up 61%. Margin expansion was driven by cost controls, product mix, and softening material costs. Strong order books and sectoral demand support a positive outlook for sustained growth.
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Q1 FY25 saw 15% revenue and 10% EBITDA growth year-over-year, with strong domestic and international demand and a robust order book. Technology investments and supply chain delays impacted expenses and order execution, but double-digit growth guidance is maintained.