Kirloskar Pneumatic Company Limited (KPCL) (BSE: 505283, NSE: KIRLPNU), a leading name in India’s Air, Refrigeration, and Gas Compression industry, announced its financial results for the second quarter of fiscal year 2025–26. For Q2 FY26, the company reported revenue from operations of ₹378 crore and Profit Before Tax (PBT) of ₹57 crore, showing a decline compared to the same quarter of FY25. Net Profit After Tax (PAT) for the quarter stood at ₹43 crore.
During the first half of FY26 (H1 FY26), KPCL recorded a total income of ₹665 crore against ₹717 crore in H1 FY25. PBT for the first half was ₹94 crore, which represents 14.10% of total income. The slowdown in project execution and delays in clearances impacted both sales and profitability, along with slower order finalizations. Despite these challenges, the company’s order book as of October 1, 2025, stood at ₹1,667 crore, up from ₹1,624 crore at the beginning of the year.
The Compression business continued to contribute around 91% of the company’s total revenue in H1 FY26, remaining its primary reporting segment. KPCL utilized this period to advance the commercialization of its intellectual properties and to leverage newly developed manufacturing capabilities for related industries—initiatives that have already started showing positive outcomes. The company’s Tezcatlipoca centrifugal compressor surpassed 100 units sold, while the Tyche semi-hermetic compressor was successfully launched after extensive testing.
The Board also approved filing an application under the Production Linked Incentive (PLI) Scheme to enter the commercial air-conditioning market, valued at over ₹5,000 crore, with its patented Zephyros C system. Subject to regulatory approvals, the project is expected to be set up within the next 18 months.
During the second quarter of FY26, Kirloskar Pneumatic Company Limited reported revenue from operations of ₹378 crore, compared to ₹431 crore in the same period of FY25. The company’s total income for the quarter stood at ₹385 crore, down from ₹437 crore a year earlier. The decline in topline performance reflects a slower pace of project execution and clearance-related delays that affected overall business activity during the quarter.
The EBITDA margin for Q2 FY26 was recorded at 17%, compared to 23% in Q2 FY25, indicating reduced operating profitability due to lower revenue realization and higher input costs. Profit Before Tax (PBT) stood at ₹57 crore, representing 15% of total income, compared to ₹92 crore (21%) in the corresponding quarter of the previous year.
Net Profit After Tax (PAT) for the quarter was ₹43 crore, amounting to 12% of total income, against ₹68 crore (15%) achieved in Q2 FY25. Consequently, the company’s Basic Earnings Per Share (EPS) stood at ₹6.65 for the quarter, compared to ₹10.42 per share in the same period last year, mirroring the overall decline in profitability.
Founded in 1958, Kirloskar Pneumatic Company Limited is a diversified engineering company offering a wide range of products including air, refrigeration, and gas compressors, vapour absorption chillers, and industrial gearboxes. The company serves key sectors such as steel, cement, cold chain, food and beverages, pharmaceuticals, railways, defense, marine, and particularly the oil and gas industry. KPCL also holds a leadership position in India’s CNG market.
With decades of expertise and collaborations with global technology leaders and research institutions, KPCL continues to deliver innovative and reliable engineering solutions. The company has received multiple awards for its excellence in quality, innovation, training, HR practices, and internal communications, reinforcing its position as a front-runner in the Indian industrial landscape.
