Slides
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Engineering the Future of Performance MADE IN KIRLOSKAR Kirloskar Oil Engines Earnings Call Presentation Q1 FY27 7th August 2026
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DISCLAIMER & SAFE HARBOR STATEMENT Statements in this presentation, particularly those which relate to management’s views and analysis, describing the Company’s objectives, projections, estimates and expectations may constitute “forward looking statements” within the meaning of applicable laws and regulations. Actual results might differ materially from those either expressed or implied. Actual results may differ materially from those anticipated in the forward-looking statements. The company assumes no obligation to update forward looking statements to reflect actual results, changed assumptions or other factors. The presentation has been prepared by the Company based on the information and data which the Company considers reliable, but the Company makes no representation or warranty, expressed or implied, whatsoever, and no reliance shall be placed on the truth, accuracy, completeness, fairness, and reasonableness of the contents of this presentation. This presentation may not be all inclusive and may not contain all the information that you may consider material. Any liability in respect of the contents of, or any omission from, this presentation is expressly excluded. This presentation has been prepared solely for information purposes and do not constitute any offer, recommendation, or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract binding commitment whatsoever. No offering of the securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. 2 All amounts in ₹ Crore All numbers are rounded off to the nearest unit
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KOEL Fluid Dynamics (P) Limited (“KFD”)1 (100%) Kirloskar Americas Corporation2 (100%) Engines LPG, LLC dba Wildcat Power Gen6 (51%) Kirloskar International ME FZE (100%)7 Kirloskar Advanced Systems Private Limited (100%) 8 Arka Financial Holdings (P) Ltd4 (100%) Arka Fincap Ltd3 (99.998%) Arka Investment Advisory Services (P) Ltd5 (100%) KOEL GROUP 3 KOEL- Earnings Call – Q1 FY27 – KOEL Group 1 76% with effect from 1st August 2017 and 100% with effect from 26th September 2022.Name change with effect from 8th January 2026 (formerly known as La-Gajjar Machineries Private Limited) 2 with effect from 1st July 2015. 3 with effect from 20th April 2018. 4 with effect from 13th July 2021. 5 with effect from 30th March 2022. 6 with effect from 29th November 2023. 7 with effect from 7th January 2025. 8 with effect from 30th March 2026.
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CONTENT BUSINESS OVERVIEW STANDALONE SALES HIGHLIGHTS CONSOLIDATED SEGMENT OVERVIEW FINANCIAL OVERVIEW 4
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Products to Business Segments… Product Lines Business Segments Powergen Industrial Distribution and Aftermarket Fluid Dynamics Business Arka Group Power & Energy (B2B) Business 5 Engines, Gensets & Power Systems Industrial Engines & Power Systems Power Solutions for Large / Institutional Project Clients (Marine, Defence etc) Aftermarket Sales & Service Retail & Distribution Channel Engine Driven Pump Sets Electric Driven Pump Sets Financial Services KOEL- Earnings Call – Q1 FY27 – Business Overview International Business Fluid Dynamics (B2C) Business (KFD)
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1,145 91% 1,369 94% 117 9% 92 6% Q1 FY26 Q1 FY27 Exports Domestic 223 268 Q1 FY26 Q1 FY27 Distribution & After Market STANDALONE SALES^ HIGHLIGHTS – Q1 FY27 YoY 6 KOEL- Earnings Call – Q1 FY27 – Standalone Business Overview 1,262 1,461 Q1 FY26 Q1 FY27 Total Sales 609 720 Q1 FY26 Q1 FY27 Powergen 120 106 Q1 FY26 Q1 FY27 International 310 368 Q1 FY26 Q1 FY27 Industrial 16% 18% 19% 20% 1,461 1,262 59 34 46 42 12 16 Q1 FY26 Q1 FY27 Distribution & After Market Industrial Power Gen 117 92 ^ w.e.f. 11th October 2025, standalone B2C business was transferred to KFD (wholly owned subsidiary) and as the B2C operations for the previous year quarter are presented as discontinued operations in standalone financial results, the comparative numbers are regrouped accordingly. Power Gen 49% Industrial 25% Distribution & After Market 19% International 7% -11%
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CONSOLIDATED SEGMENT PERFORMANCE OVERVIEW – POWER & ENERGY (B2B) 7 Performance Updates Segment Revenue Composition For Current Quarter Segment Revenue Trend KOEL- Earnings Call – Q1 FY27 – Consolidated Business Overview Powergen 49% Industrial 25% Exports 8% Distribution & After Market 18% 1,151 1,292 1,249 1,381 1,376 125 165 147 176 112 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Domestic Export All amounts are in “₹ Crore” 1,276 1,457 1,396 1,557 1,488 Double digit growth across all the business segments in domestic market Broad based domestic demand across the market segments Continued market share gains across domestic Powergen Slow down in international markets due to geopolitical uncertainties in the middle east region
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225 185 180 264 245 67 73 69 75 56 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Domestic Export 292 CONSOLIDATED SEGMENT PERFORMANCE OVERVIEW – FLUID DYNAMICS (B2C) 8 Performance Updates Segment Revenue Composition For Current Quarter Segment Revenue Trend* KOEL- Earnings Call – Q1 FY27 – Consolidated Business Overview All amounts are in “₹ Crore” WMS 81% Exports 19% 258 339 249 301 * Numbers are for continuing operations only, as reported in the financial results .The previous periods have been regrouped to make them comparable with those of the current periods. - As the standalone B2C business transfer transaction was with KFD (wholly owned subsidiary company) , there is no impact on the consolidated financial results. 3% YoY growth in the segment revenue, strong domestic expansion Business continues to focus on reach and expansion with key channel appointments in the new markets Export market experienced slow down due to geopolitical pressures
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CONSOLIDATED SEGMENT PERFORMANCE OVERVIEW – FINANCIAL SERVICES 9 Performance UpdatesSegment Revenue Trend KOEL- Earnings Call – Q1 FY27 – Consolidated Business Overview *Excludes treasury assets and includes off balance sheet loan book of AFL # Includes profit of ₹ 53 Crore on holding structure change. 1 Loan Book denotes On Balance Sheet Loan Book of AFL. - Figures for the previous period have been regrouped and / or reclassified wherever considered necessary to conform to current period presentation All amounts are in “₹ Crore” KOEL’s total investment in AFHPL as on 30th June 2026 stood at ₹ 1,053 Crore# AFHPL Consolidated revenue from operations stood at ₹ 210 Crore in Q1 FY27; a growth of 9% YoY AFHPL Consolidated PAT for Q1FY27 stood at ₹ 6.9 Crore & PAT for Q1FY26 stood at ₹ 10.1 Crore. Total Debt as on 30th June 26 stood at ₹ 5,033 Crore; Treasury Assets stood at ₹ 874 Crore. Debt to Equity Ratio: • 30th June 2026 - 3.7 • 30th June 2025 - 4.2 Total AUM* as on 30th June 26 at ₹ 7,651 Crore. Drive to grow Secured granular retail business continues. Loan Book1 Trend AUM* Trend 6,000 5,831 5,643 5,732 5,519 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 7,231 7,558 7,679 7,947 7,651 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 194 235 227 221 210 Q1 FY26 Q2 FY26 Q3 FY26 Q 4 FY26 Q1 FY27
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CONTENT BUSINESS OVERVIEW FINANCIAL OVERVIEW STANDALONE PERFORMANCE HIGHLIGHTS PROFIT AND LOSS STATEMENT WORKING CAPITAL AND NET CASH POSITION CONSOLIDATED PERFORMANCE HIGHLIGHTS PROFIT AND LOSS STATEMENT SEGMENT RESULTS 10
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172 193 165 13.5% 12.6% 11.2% Q1 FY26 Q4 FY26 Q1 FY27 1,262 1,522 1,461 Q1 FY26 Q4 FY26 Q1 FY27 STANDALONE^ – PERFORMANCE HIGHLIGHTS Quarterly Sales EBITDA & Margin PAT & Margin -4% -4% -9% KOEL- Earnings Call – Q1 FY27 – Standalone Financial Overview All amounts are in “₹ Crore” 16% -14% 11 -Numbers reported above are from continuing operations only and are excluding exceptional items, wherever applicable. ^ w.e.f. 11th October 2025, standalone B2C business was transferred to KFD (wholly owned subsidiary) and as the B2C operations for the previous year quarter are presented as discontinued operations in standalone financial results, the comparative numbers are regrouped accordingly. 110 118 99 8.6% 7.7% 6.7% Q1 FY26 Q4 FY26 Q1 FY27 -16%
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STANDALONE - PROFIT AND LOSS STATEMENT 12 KOEL- Earnings Call – Q1 FY27 – Standalone Financial Overview All amounts are in “₹ Crore” - w.e.f. 11th October 2025, standalone B2C business was transferred to KFD (wholly owned subsidiary) and as the B2C operations for the previous year quarter are presented as discontinued operations in the standalone financial results, the comparative numbers are regrouped accordingly. Particulars Q1 FY27 Q4 FY26 Q-o-Q Q1 FY26 Y-o-Y Net Sales 1,461.4 1,521.7 -4% 1,262.0 16% Other Operating Income 9.9 13.0 -24% 10.0 -1% Revenue From Operations 1,471.3 1,534.7 -4% 1,272.0 16% Raw Material 966.0 1,005.7 -4% 826.8 17% Employee Costs 111.0 90.9 22% 79.8 39% Other Expenses 228.8 245.2 -7% 193.7 18% EBITDA 165.5 192.8 -14% 171.6 -4% EBITDA Margin (%) 11.2% 12.6% 13.5% Other Income 10.8 8.9 21% 12.1 -11% Depreciation 40.4 39.2 3% 33.1 22% Interest 2.1 3.1 -31% 3.1 -32% PBT Before Exceptional Items 133.7 159.5 -16% 147.6 -9% Exceptional Items - (Expenses) / Income - (9.6) -100% - - PBT From Continuing Operations 133.7 149.9 -11% 147.6 -9% Tax 34.4 38.8 -11% 38.0 -9% PAT From Continuing Operations (A) 99.3 111.1 -11% 109.5 -9% PAT Margin from Continuing Operations (%) 6.7% 7.2% 8.6% PAT From Discontinued Operations (B) - - - 13.3 - PAT From Continuing And Discontinued operations (A+B) 99.3 111.1 -11% 122.8 -19%
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610 704 776 783 764 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Receivables 796 845 696 769 950 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Payables 562 675 669 603 820 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Inventories STANDALONEWORKING CAPITAL AND NET CASH POSITION 13 Notes : 1) No. of days has been calculated using average value and TTM (Trailing Three Months method). 2)*Net of debt; includes treasury investments and excludes unclaimed dividends. 3) Above numbers are excluding standalone B2C business transferred to KFD (wholly owned subsidiary company). KOEL- Earnings Call – Q1 FY27 – Standalone Financial Overview 41 Days42 Days 40 Days 60 Days78 Days 72 Days 56 Days 64 Days 66 Days 44 Days 59 Days 639 475 348 552 485 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Net Cash* Position All amounts are in “₹ Crore” 48 Days 64 Days 42 Days 81 Days
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134 162 111 7.6% 7.7% 5.6% Q1 FY26 Q4 FY26 Q1 FY27 1,749 2,098 1,983 Q1 FY26 Q4 FY26 Q1 FY27 CONSOLIDATED^ – PERFORMANCE HIGHLIGHTS Quarterly Sales PAT & Margin -17% KOEL- Earnings Call – Q1 FY27 – Consolidated Financial Overview All amounts are in “₹ Crore” 13% -6% -32% 14 ^ Numbers reported are for continuing operations only and excluding exceptional items, wherever applicable. - w.e.f. 11th October 2025, standalone B2C business was transferred to KFD (wholly owned subsidiary) , as this is within group transaction there is no impact on the consolidated financial results
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CONSOLIDATED - PROFIT AND LOSS STATEMENT 15 KOEL- Earnings Call – Q1 FY27 – Consolidated Financial Overview All amounts are in “₹ Crore” *Net Sales includes revenue from financial services business. - w.e.f. 11th October 2025,standalone B2C business was transferred to KFD (wholly owned subsidiary) , as this within group transaction there is no impact on the consolidated financial results. - The previous periods have been regrouped to make them comparable with those of the current period. Particulars Q1 FY27 Q4 FY26 Q-o-Q Q1 FY26 Y-o-Y Net Sales* 1,982.6 2,098.4 -6% 1,748.8 13% Other Operating Income 16.9 17.9 -5% 13.0 31% Revenue From Operations 1,999.5 2,116.2 -6% 1,761.8 13% Other Income 15.2 11.9 27% 34.70 -56% Total Income 2,014.7 2,128.2 -5% 1,796.5 12% Raw Material 1,184.6 1,249.3 -5% 1,018.9 16% Employee Costs 191.2 162.5 18% 137.1 39% Other Expenses 323.4 328.0 -1% 279.2 16% Depreciation 48.5 49.2 -1% 39.7 22% Finance Cost 116.0 119.8 -3% 139.3 -17% PBT Before Exceptional Items From Continuing Operations 151.1 219.4 -31% 182.3 -17% Exceptional Items - (Expenses) / Income - (9.4) -100% - - PBT From Continuing Operations 151.1 210.0 -28% 182.3 -17% Tax 40.0 54.8 -27% 48.1 -17% PAT From Continuing Operations (A) 111.1 155.2 -28% 134.2 -17% PAT Margin From Continuing Operations (%) 5.6% 7.3% 7.6% PAT From Discontinued Operations (B) - - - 4.7 - PAT From Continuing And Discontinued Operations(A+B) 111.1 155.2 -28% 138.9 -20%
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SEGMENT RESULTS^ - CONSOLIDATED 16 KOEL- Earnings Call – Q1 FY27 – Consolidated Financial Overview All amounts are in “₹ Crore” ^ Numbers reported are for continuing operations only. The previous periods have been regrouped to make them comparable with those of the current period. # Profit/(Loss) before exceptional items, tax and interest from each segment ##Profit/(Loss) before exceptional items, tax and after interest. *Other than the interest pertaining to the "Financial Services" segment. - Since the standalone B2C business transfer transaction is with a wholly owned subsidiary company i.e KFD, there is no impact on the consolidated financial results. Particulars Q1 FY27 Q4 FY26 Q-o-Q Q1 FY26 Y-o-Y Segment Revenue B2B 1,488.4 1,556.7 -4% 1,276.3 17% B2C 301.0 338.9 -11% 291.8 3% Financial Services 210.2 220.6 -5% 193.7 9% Revenue From Operations 1,999.5 2,116.2 -6% 1,761.8 13% Segment Results# B2B 114.6 152.2 -25% 139.3 -18% B2C 25.8 42.1 -39% 27.7 -7% Financial Services## 9.4 28.1 -67% 13.7 -31% Unallocated 5.7 3.6 55% 7.5 -24% Total 155.4 226.1 -31% 188.1 -17% Less: Finance Costs* 4.4 6.7 -35% 5.8 -24% Exceptional Items- (income)/expense - 9.4 -100% - - Profit Before Tax From Continuing Operations (A) 151.1 210.0 -28% 182.3 -17% Profit Before Tax From Discontinued Operations (B) - - - 4.5 -100% Profit Before Tax For The Period (A+B) 151.1 210.0 -28% 186.9 -19%
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17 KOEL Company Secretary Group Investor Relations Ms. Farah Irani Tel: +91 7757874812 Email: farah.irani@kirloskar .com Ms. Mayura Bhusari Tel: (020) 69065009 Email: mayura.bhusari@kirloskar.com For Further Information Please Contact: