Kirloskar Electric Reports Q1 FY27 Results: Revenue Declines While Order Intake Surges 36%

Kirloskar Electric Reports Q1 FY27 Results: Revenue Declines While Order Intake Surges 36%​

Kirloskar Electric Company Limited has announced its unaudited financial results for the first quarter of Fiscal Year 2026-27 (Q1 FY27), covering the period from April to June 2026. The company reported a loss before tax, despite recording robust order intake and making progress on restructuring initiatives.

The Board of Directors approved the results, which were reviewed by the Statutory Auditors. The company also announced the appointment of M/s Rao, Murthy & Associates as Cost Auditors for the financial year ending March 31, 2027.

Q1 Financial Performance Summary​

For the quarter ended June 30, 2026, Kirloskar Electric recorded revenue from operations at ₹103.9 Crores (₹10,453 Lakhs) in standalone terms, compared to ₹132.2 Crores in the corresponding quarter of the previous year.

The company registered a loss before tax (PBT) of ₹5.95 Crores (₹5,950 Lakhs).

In the consolidated results, revenue from operations stood at ₹103.8 Crores (₹10,453 Lakhs), with a resulting loss before tax of 595 Lakhs.

Key performance indicators for the quarter include:

• Revenue from Operations (Standalone): ₹103.9 Crores
• Loss Before Tax (Standalone): ₹5.95 Crores
• Material Cost: Improved to 69.1% of revenue, down from 71.9% in the previous corresponding quarter.
• Finance Costs: Reduced by 17.3% year-on-year to ₹5.25 Crores.

Operational Strength and Future Plans​

The company reported a significant order booking achievement for the quarter, with intake standing at ₹184 Crores. This represents an increase of 36% over the preceding quarter and 28% compared to the corresponding quarter of the previous year, resulting in a book-to-bill ratio of 1.79 times.

The surge in order intake was driven primarily by the company's transformer business in Mysore, which recorded its highest Q1 intake ever. The cast resin transformer segment also gained traction within the data centre market.

Mr Vijay Kirloskar, Executive Chairman, commented on the results, stating that while the first quarter reflected temporary external constraints affecting billing—due to customers deferring dispatches amid broader macroeconomic and supply chain uncertainty—the order intake of ₹184 Crores confirms firm underlying demand for the company's products.

The company is also undertaking a capital strengthening initiative, confirming the infusion of promoter equity which aims to strengthen the balance sheet and support future operating plans.

Strategic Developments and Corporate Affairs​

The board meeting held on August 13, 2026, approved several key decisions:

• Cost Auditor Appointment: M/s Rao, Murthy & Associates has been appointed as the Cost Auditors for the financial year ending March 31, 2027.
• Merger Completion: The company confirmed that its merger of wholly owned subsidiaries (including Kelbuzz Trading Private Limited, Luxquisite Parkland Private Limited, SKGTerra Promenade Private Limited, and SLP KG Estate Holdings Private Limited) was completed on April 1, 2024, with the effect given in financial results for the year ended March 31, 2026.
• Equity Issuance Plan: The board approved plans to issue up to 34,68,007 equity shares at a floor price of 115.34 rupees each, with the potential capital raising amounting to ₹40 Crore.

Financial Data Snapshot (in Lakhs)​

The following table provides a snapshot of key financial results for Q1 ended June 30, 2026:


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Note: All financial figures are presented in Lakhs as per the source document.

KECL Stock Price Movement​

As of 3:21 PM, shares of Kirloskar Electric Company Limited are shedding value in live trading, currently sitting at ₹135.10 as they fall 7.15% from previous close. The equity has seen a total traded volume of 519,218 shares during the day.