Kirloskar Oil Engines Limited (KOEL) (BSE: 533293; NSE: KIRLOSENG), one of India’s leading manufacturers of internal combustion engines, generator sets, and agricultural equipment, announced its unaudited financial results for the second quarter and first half of the financial year ending March 31, 2026. The company recorded its highest-ever quarterly standalone net sales, surpassing the ₹1,500 crore mark for the first time, demonstrating strong growth across all business segments.
For the quarter ended September 30, 2025, standalone net sales stood at ₹1,593 crore, representing a 35% year-on-year increase compared to ₹1,184 crore in the corresponding period of the previous fiscal year. EBITDA rose to ₹214 crore, up 45% year-on-year, while net profit reached ₹141 crore, a growth of 44% over the same quarter last year. EBITDA margins improved to 13.4%, supported by operational efficiency and robust demand in both domestic and international markets. The company’s cash and cash equivalents stood at ₹475 crore, net of debt.
On a consolidated basis, revenue from continuing operations for Q2 FY26 rose 30% year-on-year to ₹1,948 crore, while net profit increased 51% to ₹159 crore. For the first half of FY26, standalone revenue reached ₹3,027 crore, up 20% year-on-year, with net profit rising to ₹264 crore, an increase of 23%. Consolidated revenue for the same period grew 19% to ₹3,712 crore, and consolidated net profit advanced 23% to ₹293 crore.
Commenting on the company’s performance, Gauri Kirloskar, Managing Director, Kirloskar Oil Engines, said, “KOEL has achieved a significant milestone this quarter, crossing ₹1,500 crore in revenue for the first time and delivering record sales for the first half of the year. Every segment of our business has shown strong double-digit growth, underscoring the strength of our market position, our commitment to innovation, and the trust our customers place in us. Our Power Generation business continues to lead, supported by a strong dealer network and technological advancements in our product portfolio.”
Kirloskar also highlighted the company’s recent strategic restructuring aimed at sharpening focus and enhancing operational synergy. “As part of our long-term vision to achieve a $2 billion top line by 2030, we transferred our B2C operations to our wholly owned subsidiary, La-Gajjar Machineries Private Limited, through a slump sale. This step enables greater focus, agility, and alignment with our strategic growth priorities,” she added.
Kirloskar Oil Engines Limited remains one of India’s most trusted brands in the power generation and industrial engine segments. The company’s diverse product portfolio spans generator sets, construction machinery, and agricultural equipment. It also offers engines that run on alternative fuels such as natural gas, biogas, and biodiesel, contributing to sustainable and energy-efficient solutions. With a strong presence across the Middle East, Africa, and North America, KOEL continues to drive innovation and efficiency in power and energy systems worldwide.
