Pune: Kirloskar Oil Engines Limited (KOEL) reported its highest-ever quarterly consolidated revenue of ₹2,257 crore in the second quarter of FY27, registering a year-on-year growth of 17% (KOEL Q2 FY27).
The company’s standalone net sales also reached ₹1,722.5 crore, marking a growth of 19% compared with the corresponding quarter of the previous financial year.
The company announced its unaudited financial results for the second quarter of the financial year ending March 31, 2027, on November 4, 2026.
According to the company’s financial results, consolidated revenue from operations stood at ₹2,284 crore in Q2 FY27, compared with ₹1,950.6 crore in Q2 FY26, reflecting a year-on-year increase of 17%.
However, consolidated net profit declined 18% to ₹130.3 crore during the quarter, compared with ₹159.2 crore in the corresponding period last year. The consolidated net profit margin also decreased to 5.7% from 8.2% in Q2 FY26.
Commenting on the KOEL Q2 FY27 performance, Gauri Kirloskar, Vice Chairperson and Managing Director of Kirloskar Oil Engines, said, “We are incredibly proud to have scaled a milestone, with our best-ever quarter realising a consolidated revenue of ₹2,257 Crore – with a robust 17% year-on-year growth.
Despite severe headwinds from global commodity inflation, the resilience of our business model was demonstrated by strong performances in Power Generation, Aftermarket, and our international businesses, leading to market share gains.
Supported by strategic partnerships like our global agreement with DEUTZ and the first commercial billing of KASPL, KOEL is firmly positioned to drive high-impact, sustainable value for our stakeholders in the quarters ahead.”
KOEL Q2 FY27 Standalone Financial Performance
Kirloskar Oil Engines reported standalone net sales of ₹1,722.5 crore in Q2 FY27, compared with ₹1,449.3 crore in Q2 FY26, registering a year-on-year growth of 19%.
Standalone revenue from operations increased 19% to ₹1,739 crore during the quarter, compared with ₹1,459.5 crore in the corresponding quarter of the previous financial year.
However, KOEL’s standalone EBITDA declined 6% to ₹191.1 crore in Q2 FY27, compared with ₹204 crore in Q2 FY26. The EBITDA margin stood at 11%, against 14% in the year-ago quarter.
Standalone net profit declined 14% to ₹115.2 crore during the quarter, compared with ₹133.5 crore in Q2 FY26. The net profit margin also decreased to 6.6% from 9.2% in the corresponding period last year.
For the first half of FY27, the company’s standalone net sales increased 17% to ₹3,183.9 crore, compared with ₹2,711.3 crore in H1 FY26.
Standalone revenue from operations grew 18% to ₹3,210.3 crore during H1 FY27, compared with ₹2,731.5 crore in the corresponding period of the previous financial year.
Meanwhile, standalone EBITDA declined 5% to ₹356.6 crore from ₹375.6 crore. Net profit decreased 12% to ₹214.5 crore, compared with ₹243 crore in H1 FY26.
The standalone EBITDA margin for H1 FY27 stood at 11.1%, against 13.8% in H1 FY26. The net profit margin was 6.7%, compared with 8.9% in the year-ago period.
The company reported cash and cash equivalents of ₹309 crore, net of debt, including treasury investments and excluding unclaimed dividends.
KOEL Q2 FY27 Consolidated Financial Performance
On a consolidated basis, Kirloskar Oil Engines reported revenue from operations of ₹2,284 crore in Q2 FY27, registering a year-on-year growth of 17% from ₹1,950.6 crore in Q2 FY26.
Consolidated net profit stood at ₹130.3 crore, declining 18% from ₹159.2 crore in the corresponding quarter of the previous financial year.
The consolidated net profit margin was 5.7% in Q2 FY27, compared with 8.2% in Q2 FY26.
For the first half of FY27, consolidated revenue from operations increased 15% to ₹4,283.8 crore, compared with ₹3,713.7 crore in H1 FY26.
However, consolidated net profit declined 18% to ₹241.4 crore from ₹293.4 crore in the corresponding period last year. The consolidated net profit margin stood at 5.6%, compared with 7.9% in H1 FY26.
The company stated that the financial numbers reported are for continuing operations only.
