Kirloskar Brothers Ltd (KBL) has released strong financial results for the second quarter and first half of the fiscal year ending September 30, 2024. The company achieved a remarkable 90% increase in its consolidated profit after tax (PAT) for the quarter, alongside a 13.4% rise in consolidated revenue from operations.
For the second quarter, KBL’s consolidated revenue grew by 13.4% year-on-year, while revenue for the first half of FY25 saw a 14% increase. The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) surged by 61% year-on-year for the second quarter, totaling ₹156.4 crore, and rose by 33% for the first half, amounting to ₹283.4 crore.
KBL also experienced an improvement in its EBITDA margin, which increased from 10.6% to 15.1% for the quarter and from 11.7% to 13.7% for the half-year, indicating a strong emphasis on operational efficiency. The profit before tax (PBT) saw a substantial growth of 78% year-on-year, reaching ₹129 crore for the quarter and increasing by 37% to ₹228.8 crore for the first half.
The consolidated PAT for the second quarter surged to ₹96.7 crore, a 90% year-on-year rise, while the half-year PAT rose by 42% to ₹162.3 crore. The PAT margin improved significantly, rising from 5.6% to 9.3% for the quarter and from 6.3% to 7.9% for the half-year.
KBL’s consolidated order book remains strong at ₹3,056 crore as of September 30. The company’s total investments, including bank balances, increased by ₹131.7 crore, totaling ₹695.9 crore—a 23.3% rise for the half-year. Additionally, the Return on Capital Employed (ROCE) grew by 220 basis points year-on-year, reaching 29% for the half-year, while earnings per share (EPS) rose by ₹5.9 to ₹20.3 per share.
Kirloskar Brothers Limited (KBL), established in 1888 and officially incorporated in 1920, is one of India’s oldest and most reputable engineering companies, specializing in fluid management solutions. KBL designs and manufactures pumps for a broad array of applications across multiple sectors, including water supply, power generation, marine, oil and gas, and construction.
Known for its focus on innovation, KBL has developed advanced, high-capacity pumps such as the concrete volute pump (CVP) and India’s largest split-case and vertical turbine pumps, highlighting its engineering prowess.
The company is also a major supplier for critical infrastructure projects, including metro systems and power plants. Furthermore, KBL has a strong emphasis on sustainability and innovation, exemplified by its R&D initiatives, which focus on reducing the lifecycle cost of its products through technological advancements and efficient designs. With a significant global footprint, KBL maintains manufacturing facilities, including a large hydraulic research center in Kirloskarvadi, India, supporting its leadership in the fluid engineering space.
