• Startup Pulse
    GIVA raises over $100 million in a round led by Multiples Alternate Asset Management. The Croffle Guys raises ₹14 crore in a round led by V3 Ventures, with N.A.N Partners participating. Solgram raises over $1 million in a pre-seed round led by DSG Consumer Partners and Saama Capital, with Kapil Chopra participating. Sachin Tendulkar makes a strategic investment in Metasports Interactive, the company behind Hitwicket. The amount was not disclosed. Hyeglo Beauty raises ₹7 crore in a round led by Sauce, with Giga Capital, Consumer Collective, Reckitt's Arjun Purkayastha and The Patient Capital participating. Unify Foodworks raises ₹5 crore in seed funding through convertible debentures from Atrium Ventures, SailThru Ventures, Arjun Vaidya and Abhishek Goyal. OBSESS raises approximately ₹3 crore in an angel round from Pushpendra Singh, Amit Goel and Harshit Vij. Dispatch Network raises ₹5 crore in a pre-seed round led by Antler India, with angel investors participating. Two Point O Capital raises $10 million in a round led by Transition Venture Capital, with Omnivore and angel investors participating. PowerUp Money raises $10 million in a round led by Flourish Ventures, with existing investors Peak XV Partners, Accel, Blume Ventures, Kae Capital, 8i Ventures and DeVC participating. GIVA raises over $100 million in a round led by Multiples Alternate Asset Management. The Croffle Guys raises ₹14 crore in a round led by V3 Ventures, with N.A.N Partners participating. Solgram raises over $1 million in a pre-seed round led by DSG Consumer Partners and Saama Capital, with Kapil Chopra participating. Sachin Tendulkar makes a strategic investment in Metasports Interactive, the company behind Hitwicket. The amount was not disclosed. Hyeglo Beauty raises ₹7 crore in a round led by Sauce, with Giga Capital, Consumer Collective, Reckitt's Arjun Purkayastha and The Patient Capital participating. Unify Foodworks raises ₹5 crore in seed funding through convertible debentures from Atrium Ventures, SailThru Ventures, Arjun Vaidya and Abhishek Goyal. OBSESS raises approximately ₹3 crore in an angel round from Pushpendra Singh, Amit Goel and Harshit Vij. Dispatch Network raises ₹5 crore in a pre-seed round led by Antler India, with angel investors participating. Two Point O Capital raises $10 million in a round led by Transition Venture Capital, with Omnivore and angel investors participating. PowerUp Money raises $10 million in a round led by Flourish Ventures, with existing investors Peak XV Partners, Accel, Blume Ventures, Kae Capital, 8i Ventures and DeVC participating.
  • Kirloskar Oil Engines Delivers Strong FY25 Performance with INR 5073 Cr Revenue

    Kirloskar Oil Engines

    Pune: Kirloskar Oil Engines Limited (KOEL), a leading manufacturer of internal combustion engines and power equipment, announced robust financial results for the fourth quarter and full financial year ended March 31, 2025.

    The company reported its highest-ever standalone quarterly revenue of ₹1,401 crore in Q4 FY25, marking a 21% quarter-on-quarter and 2% year-on-year growth.

    For the entire fiscal year, KOEL recorded standalone revenue of ₹5,073 crore, representing a 6% annual increase, and net profit of ₹416 crore, up 15% year-on-year.

    This performance reflects the company’s resilience and ability to grow consistently despite industry headwinds and regulatory transitions, including the CPCB4+ implementation.

    “This quarter concludes our ambitious 2x3y journey, launched in FY22, aiming to double the business in three years. While our topline grew 1.6x, our EBITDA surged 2.4x, and cash from operations rose 2.6x. These achievements lay a strong foundation for our next goal—to become a $2 billion company in the next five years through our new 2B2B strategy,” said Gauri Kirloskar, Managing Director, Kirloskar Oil Engines.

    KOEL’s EBITDA for FY25 stood at ₹654 crore with an EBITDA margin of 12.8%, up 111 basis points from FY24. On a consolidated basis, KOEL posted revenue of ₹6,349 crore, an 8% increase, while maintaining consistent profitability.

    In line with its strong financial performance, the Board of Directors has recommended a total dividend of 325% for FY25, including a final dividend of ₹4.00 per share and an interim dividend of ₹2.50 per share.

    Kirloskar Oil Engines: Financial Highlights – Q4 FY25 (Standalone)
    • Revenue: ₹1,401 Cr (↑ 21% Q-o-Q | ↑ 2% Y-o-Y)
    • EBITDA: ₹171 Cr (↑ 45% Q-o-Q | ↓ 5% Y-o-Y)
    • Net Profit: ₹106 Cr (↑ 62% Q-o-Q | ↓ 10% Y-o-Y)
    • EBITDA Margin: 12.1%

    Financial Highlights – FY25 (Standalone):

    • Revenue: ₹5,073 Cr (↑ 6% Y-o-Y)
    • EBITDA: ₹654 Cr (↑ 15% Y-o-Y)
    • Net Profit: ₹416 Cr (↑ 15% Y-o-Y)
    • EBITDA Margin: 12.8%

    About Kirloskar Oil Engines (KOEL)

    Kirloskar Oil Engines Ltd. is a leading player in the manufacturing of diesel engines, generator sets, farm equipment, and alternate fuel engines.

    KOEL has a significant presence in international markets, especially in the Middle East, Africa, and North America. Its portfolio includes a wide range of power solutions from 2kVA to 3000kVA and boasts one of the highest numbers of IoT-connected DG sets globally.

    Author

    • Salil Urunkar

      Salil Urunkar is a senior journalist and the editorial mind behind Sahyadri Startups. With years of experience covering Pune’s entrepreneurial rise, he’s passionate about telling the real stories of founders, disruptors, and game-changers.

    Back to top