Kirloskar Industries on Friday, November 6, reported its earnings for the second quarter.
The company’s revenue increased 16.4% to ₹2,075 crore in the second quarter of the financial year 2027, compared with ₹1,782 crore in the corresponding quarter last year.
However, its net profit declined 3.8% to ₹51 crore from ₹53 crore in the year-ago period.
The company’s earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 3.3% to ₹241.8 crore from ₹234 crore in the previous financial year.
Its EBITDA margin, however, contracted to 11.65% from 13.1% a year ago.
Kirloskar Industries
Shares of Kirloskar Industries were trading 0.97% lower at ₹3,370 apiece at 1:34 pm on Friday. The stock touched an intraday high of ₹3,399 during the session.
The stock has declined 4.6% over the past month but has gained 6.9% so far this year.
Board approves reappointment of Aditi Chirmule as Executive Director
The company’s board of directors, at its meeting held on Friday, November 6, also approved the reappointment of Aditi Chirmule as an Executive Director for a further term of three years.
The reappointment will be effective from January 25, 2027, and continue until January 24, 2030, subject to shareholders’ approval, the company said in an exchange filing.
The decision was taken based on the recommendation of the Nomination and Remuneration Committee.
The company also disclosed that Chirmule is not debarred from holding the office of director by any order of the Securities and Exchange Board of India (SEBI) or any other authority.
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Kirloskar Industries Q2 Results: Revenue rises 16.4% to ₹2,075 crore, EBITDA margin contracts