Interim report
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Date: 4th November 2026 BSE Scrip Code: 533293 To Corporate Relationship Department BSE Limited 1st Floor, Rotunda Building, Dalal Street, Fort, Mumbai - 400 001 Dear Sir/Madam, This is to inform you that: 1ei rlos1<ar Oil Engines NSE Scrip Code: KIRLOSENG To Listing Department National Stock Exchange of India Ltd. Exchange Plaza, C -1, Block G, Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051 Pursuant to Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 including amendments thereunder, please find enclosed herewith: 1. The Standalone Un-Audited Financial Results of the Company for the quarter and ha If year ended 30th September 2026 and the Consolidated Un-Audited Financial Results of the Company for the quarter and half year ended 30th September 2026, which were approved by the Board of Directors in its meeting held on 4th November 2026; 2. A copy of Limited Review Report of the Company, dated 4th November 2026, received from G. D. Apte & Co., Chartered Accountan ts, Pune, (Firm Registrati on No. 100515W), Statutory Auditors of the Company on aforesaid un-audited Financial Results - Standalone and Consolidated; The meeting of the Board of Directors of the Company commenced at 9.45 a.m., which was adjourned at 10.00 a.m., resumed at 01.45 p.m. and concluded at 03.35 p.m. You are requested to take the same on your record. Thanking you, Yours faithfully, For Kirloskar Oil Engines Limited Sachin Kejriwal Chief Financial Officer Encl.: As above. Kirloskar Oil Engines Limited A Kirloskar G,oup Company Regd. Office: Laxmanrao Kirloskar Road, Khadki, Pune. Maharashtra • 411003 India Tel: +91 (20) 25810341, 66084000 Fax: +91 (20) 25813208, 25810209 Email: info@kirloskar com I Website: www.kirloskaroilengines.com GIN: L29100PN2009PLC133351
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1 2 3 4 s 6 7 s 9 10 11 12 13 14 KIRLOSKAR OIL ENGINES LIMITED CIN, L29100PN2009PLC133351 Regi~tered office: L.axm.a,..rao Kirloskar Roadt Khadkl, Puoe • 1111003 STATEMENT OF UNAUDITED 5TANDAL01'lE FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER 2026 I "' in Crores I Qu airter ended H.a If yic!.a r ll!nd ~d Year ended Part i cu I ars 30--09-2026 30-06-2026 ,0-09-2025 ,0-09-2026 10-09-2025 31-03-2026 Unau.dited Unaudited Unaudite d. Ul'laUdited Unaudite d Audite d Income a) Revenue from operations 1,738.9S L,47l 30 J,4$9 ,50 3,210 2S l,73 L SI 5,646 83 bl Other income 9.77 10.77 .11.6• 20--5• 2l._77 40..66 Total income {a-+ b} 1.748,72 1,482.07 1,471.14 3,230.79 2,755.28 5,687.49 EMpenses a} Cos.t of raw Tflaterials. and components cons.um@d 9:ZO $6 300 89 803 65 1.721 ss 1,483 ;9 2,9Hao b) Purchase of traded goods 240 33 223.14 183,ll 463.97 355 19 724.30 c) Changes in inventories of finished good~. \VOtk•1n-pn:igreS.5 and tr.aded 1§:oods 111 271 158.03} (43,611 169.30 1 168.81) 124.021 d) Eniproyee benerits exper,se 114 97 111.02 89,51 225 99 169.~4 3S6 85 el Finance e:osts 3.49 2.09 2 .76 5 .58 5.81 11 03 f) Depreciation and amortis21tion expen~e 42 86 t.0.42 34 84 83 .28 67 ,99 143 ll g) 0th !r ~x peMes 291.71 234 ,56 225.67 526.27 42,,62 ')03., 7 M Exoenses capitalised 19.041 (5,761 12..8.ll 1! 4,801 16..05) l25.l 4l Total ex:11ense:s {a 10 h) 1,594.21 1,348.33 1,293.10 2,942.54 2,429 _68 5,063.90 Pro1it before @ttcet)tiona:I items and tax (1- 2! 154.51 133.74 178,04 288.25 325,60 623.59 Exce'l)tional items• {exoe:nse:) / inrnm@ [Re:fer note S] (29.68) Profit before ta.x. from c.ontinu.lnl? opruatiom {3 + 4l 154,51 133,74 178.04 288.25 325 .60 593.91 Tax expense : a) Cw~nt ta>1 37 34 35.o? 42 69 7241 81.62 1,4.61 b) DeFe:rre:d ta>-: 2 00 I0,64) 185 1 36 0,9S 17 80 Total tax o,oen,e (61 ta+ bl 39.34 34.43 44.54 73.77 e.i..57 152.41 Net Profit for lhe cerlod ftom contlnuln• o•erations ts - 61 115.17 99.31 Bl.SO l14.48 243.03 441.50 Discontinued operations {Refer note Ii) a) Profit be:fo(e ta:.t . 9.76 27,49 26.09 b} Tax exoe11se 2.46 6,92 6,57 Net 1:1rofit after ta>e for the oeriod from dJscontinued ocierations (a - bl 7.30 20.57 19.52 l'l• t orofi t for the oeri od 17 • 81 115.17 99.31 140.80 214.48 26.3.60 461,02 Other Comprehensive Income/ (Lassl Items that will not be redas:sified to profit or lass in subsequent periods ~) Re-measur@ment gain/ (loss} on defined beriefit plans 2.35 0,39 (6,Sl} , ,74 (654) J..58 bl Income tax (exoense}/i n-.::ome on above (0 59! I0,10} 1.72 (0.69) 165 1040} Subtotal IAI la+ bl 1.76 0.29 (5.09) 2.05 (4,89 ) 1.18 :) NE!:t gain / (lo!is) ori equity ln.5truments rne9sured at fair Yalue through other 0,00 a ;,2 0 00 0.02 {0,00) ~cmpr~hensive income ("FVOCl"J d) lncom@ tax (@xpense)/incorne on above a oo - 1 □ .oo) 0.00 (0,00) 000 Subtolal (Bl (c + di o.oo 0.02 o.oo 0.02 10.00) Net other com~reherisive income/{loss) that will not be reclassified to profit or lo.ss 1.76 0.29 (5.07) 2.05 (4.87) 1.18 In subse~uent periods LIA)+ ISll Tatel other c.omgrehen.sive inccime/(lossJ for 1he period , net of tax (10} 1.76 O.Z9 (5.07} 2.05 [4.871 1.18 Total compre:hl!nshte incame/!lo.s.s) fot the oetiod, net of tax {SI+ 10) 116.93 99.60 135.73 216.53 258.73 462,20 Paid-up equi1y share capital {Faci! 1,1alue of ~ 2 eathj H.11 Z9.08 29.06 29.11 29.06 29.07 Ott,er equitv 3,32S,43 Earnings per,hare (EPS} ( ~ I (Face value of~ z each] loot annuallzedl For Continuing. Ope raitim, s •I Ba,ic I ~ J 7.92 6.83 9.19 14.75 16.73 30.39 >I Diluted ( ~ I 7.90 6.82 9.18 14.72 16.72 30.35 For Discontinued Opetations •I Ba,;c I~) . . 0.50 . 1.42 1.34 o) Diluted ( ~J 0,50 1.41 1.34 For Corrr:lnui11c and Discontinued Op!!:ra1ions •I Basic I~) 7.92 6,83 9.69 14.75 18.15 ll.73 >I Diluted I ~ l 7.90 6.82 9,68 14.72 18.13 31.69 Cc11tlnued to Page no, 2,.,
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Statement of assets and liabilities l&alanoe Sheet) Parti.ct1lars ASSETS I. NDn-turrent assets (al Property, pia.nt dnd @quipmerrt {b} Capital work-io-progress {cl Right-of-u,e assets {d) Other intangible assets {e} Intangible assets underdevelopment (t} Fin.1ncLal .as.sets (II investments Iii) Loans (iii) Other financial asset~ (g) Income t" assets {net! (h) Oth@r non-curr@nt ass@tsc Sub-total • Non-current assets 11. Current aiss@ts {;ii} ln\lentories (b) Fir,a.riciaj assets (i} Investments: (ii) Trade receivables (iii) Cash and cash equivalents (iv) Sank balances other than (Ill) abo1<e (v) Loans (vii Other financial as,ets (i;I Asset:i held for sale {d) Other current assets Sub-total - Current assets TOTAL· ASSITT EQllllY AND LIABILITIES EQUllY (a) Equitv share capLtal (bl Othor equity LIA81Lmes I~ Non-cu Jrer,t liabill ties (a) Financial liabilities (i) Borrowings (ii) Lea~e Ii abilities Sub-total • Equity (iii) other financial liabilities (bl ProvlslQn, le) DeferrEd t.x li,bilili•• (n•tl (d} Other tlon-current liabilities Sub-total- Non-current liabilittes II.Current liabHities (a) Financial liabilitles {i} Borrowi nl!!:S {ii) Loa,e llabllltles {iii) Trade and oth@r payabl@s ii} total outstanding dues of micro enterprfses a"d small @nterpri$1!$ b} total out5:ta r1ding dues of creditors other than m ]cro ent~rp ris@s and sma 11 @ntil!rpri ses {iv) Other financi•l liabillties (b) Otherc:urrent liabilities (c} Provisions sut,..tatal - Cutrent liabmties TOTAL· EQUITY AND LIABILmES Page no. 2 ( ~ in Crores l Standalone As at As. at 30-09-Z026 31--03-l026 Unaudited 799.23 116.15 27.79 100.67 li6.5O 11555.13 0.04 26,60 17.02 40.65 2,799.78 938,40 41,30 928.40 21.67 432.76 0.03 51.80 136 40 2,550.76 5,350,54 29.ll 3,498.52 3.527.63 4.13 VIS 8.01 45.75 45.27 64.89 170.53 175.71 15,96 187.06 878,94 93.78 167.09 133.84 1,652.38 5.350.54 i>.ud,ted 781.10 57.78 36.04 116.41 8 6.63 11537,85 0.04 24.44 35.37 17.81 2,693.47 603.41 109.95 782. 51 120.35 432.21 0,04 23.79 71.38 2,143.64 4.837.11 29.07 3.325.43 3,354.50 19.13 9.22 8.03 40,23 43.22 75,39 195.22 85.26 17.26 145.37 623. 23 161.50 124,04 130.73 1,Z87.39 4,837,11 Continued to Page no.3 ...
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Page no 3 Z Sto1tl:!ment of Caish Flow f , In C,ore, ) Half year en O ed Vear ended Particulars 30-09-2026 30-09-2025 ll-03-2026 Unaudited Un.audited Al.4dited CASH FLOW FROM OPERATIIIIG ACTIVITIES Profit before tax from continuing operations 288.25 325,60 sn.91 Profit before ta>e from dlsco"tlnued oper.1ticns (Reier Note 6] l7.49 26.09 Adjv$tments: Add: :)eprei:iation and amortisation expense 8'U B 69.53 144 ,95 Finane:~ i:o:st.s 5,58 6.07 11,29 Share based comp~n.sation of emp!o'p'ees 11.97 4.04 MO aa.d debts and irreco11erable ba!af\c.~s written off 0.16 0.09 0.35 Gain/(Los!.) on r@1nstatl!!me-nt on r@ceiv-abl@s/p.avabl~s 4,55 (6 08) 19.45) Write down/ {reversal) 10 write down of inventories and others (11et) 6,90 8 15 12,61 llZ.44 81,90 166.35 Less: :iiairi/(Loss) on 5ale of inves.tmenb in mutual funcis (llet) 1.29 7.70 13.63 Gai,i/ (Los.s.) on fair valuation of inv@.strn@flts in Mutual Funds mea.s1Jred at FVTPL (net) 143 4 80 2.Sl Impairment loss allowance on/(reversai of L write off on trade rec:eivables / other r~ceivaibles [riet} 2.56 (>.35) (2.25) [Gaifll/ Los.s ori fair v.aluation of derivative instruments 10.04 (5.91) 113,17) Provisions no long~r re:quir@d writt@n back H2 0 92 2 ,59 Sundry(:redit balan(:e'S wri~efl ba,;;k 0.99 0 35 0,79 I ntere.st income I 1.23 !O 64 22 89 UnWlllding of ~e,;;urity deposit & subsidv rei;:eivable uoder Pa11:;:kaige Sc:hem~ of lneet1tive~ (PSI) Si:hem@, 2001 0.37 0 35 0,71 ::iain on disposal of property, plant .and equipment (net} 0.07 0,23 1.Sl Dividend im;;ome 0,00 0.00 Gain on der@co~nition of leased premises acco1Jnted as per Ind AS 116 0.21 0:21 36.60 15.94 29. 45 Operating prnfH before working capital changes 364.09 419.05 756.90 Working Capital Adjusrmenrs (lnc:~ase)/De,;;re.ase in government ~ra11t receivable-5 0.61 0.70 1.02 (lnr::rH.se)/Der::r@as.@ ill trade and oth@r receiv.abl@s {14S 85) (142,44) {205.04) (lnc:re-ase)/De,;;rea:.e in invent1Jr"1e5- (341.SBI (233.3 5) (1"4 31) lncr@as@/1D~crease) in trade and other payables 208.19 226 .46 232 .24 ln(:rea:.e/(Oec:r~a~e) ill provisions 11.41 26.87 43.85 (270.22) [lZl. 76) (92.241 Net C.1$h generated from opetat(or,s 93.87 297.29 664. 66 Income tax paid [net of refunds } {.54,07) (61,86) (153.53) NlX CASJ:t fLOW G.EmRATED FROM OPERATING ACCIVLTlfS 39.IIIJ 2.35.43 511.13 CASH FLOW FftOM INVESTING ACTIVITIES Investment m .subsidi a.nes (17 28) (18,93) 118.93) Purctiase ol property, pl.ant .and equipment (PPE) and intangible ass@ts (201 71) 1139.23) {317.37) Proceeds from -5-ale/ {Puri::ha-se-) of mutual fund:. (!let) 71 36 (60,86) 184 94 Sale of investment measured at FVOCI 0 00 0.00 Proceeds horn redemption of prefereru;e shares of s\lbsiciiary - 8.50 Proceeds from s.ale of PPE and other intangible ass.ets includillg advances 0.09 0.43 1.92 Redemptlo" trorn / (lnve.stmeot In) fixed deposits with banks (0 10) 68,60 (199 .72) Loans (granted to)/ repaid by subs.idiaries and employe@s 0.02 (0.02) (006) Divide fld rer::e ived 0.00 0.00 !nt@r@st received 3.34 6.58 19.76 NET CASH IUSED INI INVESTING ACTIVITIES /144.28 ) (143.431 1320.96) CASH FlOW FROM FINAIIICIIIIG ACTIVITIES Proi:ee:ds from bill discounting and short ,errn borrowings 37045 59.85 144.4'5 {R!!paymentj of bill discountin8 and short term borrowings 1280,00) {109 BS) (139 851 {Repaymef\tj cf long term borrowings 115 00) (15.00) {30,00) Final and interim dividend paid (65.48) (58.10) (94.44) Finance cos.ts (4.72) (4.54) {8.57) Payment oi lease li.:ibilitles ini:ludirig initial c::ost (9.55) 110.23) (19.59) Proce@ds from issuani:e of share capital iflc:luding sL:!i:uriti~.s-premium 10.08 1.82 4.28 Receipt of share application money pending allotment oi shares 0 ,02 l.lS 0.32 NH CASH GENERATED/luseo INI FROM FINANCING ACTIVITrES 5,80 1134.90] 1143.00) r,,iet im:rease{tdecrease) in Cash and cash equiualents (98.681 ('12.901 47.17 Opening Cash and cash equivalents 120.35 73.lS 73,18 Closing Cash ancl ca.sh equivalents- 21.67 30.28 120.35 i. ihe above r::ash flow .statement h.a.s been prepar ed under the indi rect method set out in Indian Accoun~in~ .Stand.:ird {IND AS) 7, 'Stat L:!m~nt of Ca!ih Flows 1 as s.pedfied in the Companies {Indian Accounting Standards) Rules. 2015 ii. Income ta:i: paid is tr~ateci a:. aris.in€ from operating activities and are not bifurcated between investing and financing, activities , iii, Th@ above, ~ash flow statl!ment includes cash Flow from cilsi:on!inued operations (Refer l'IIOte 15) iv~ All figures in bracket indicate cash outflow Cor,t ir,ue:d to Page no,4,.,
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Page no 4 The Company majnly op@rates in the: business of rnanufacturinti of E'ngine!i Wht!rein two customt!r based ~portable segments had b~en id@ntified namely - Busmess t o 8LJsiness ( 11 B2B'') c1nd S\JSinei:i-tQ Customer ("62C") (upto 10th October 2025 - Refer note 6) However, post transfer of net assets of B2C b'Jiiness. segm@nt, the Comp.any operates in a segment of '32B only at standalone le1,1el. Further as per para 4 of ll\d AS 108 "Operating Segments'\ the Company 1s required to disclose segnit!l\t 1Mormatior. ¢nlv in u,e comolidate:d financial results Aecordingly, :::li:sclosw,e of this information ha1 baen includad under consolidated finand:al results for the quarter and half year ended 30th Septembar 2026, T'ne above: statem@nt has 'been pr@pared in acc.ordar,ce witt\ The, Compani@s (Indian Accounting SUndatds} Rul@s, 2015 (1nd AS) prescrib ed under section 133 of Tlie Compc1riies Act, 2013 and other recognised ai;counti'l1@: pr,;11:tit:es and poli(:ies to the extent appllt:abla 5 The standc1lo11e flm1nc1~1 .re:srJlt:s tor the year ended 31st March 2026 1nc:luded the ,mpaict of exceptional item:s amouflting ~ 29 6S Cr~re!i pertaining to increm@n~I im pact on ac~ownt of the New Labour Codes 6 The Board of Directors of the CompQny in tt5 meeting held Ofl 10th Octobe r 2025 approved the trarisfer of the Company's 81..1s◄11e:ss to Customer ("B2C''! business s@gm ent i.e. Water Management Solutions {"WMS") - Dome~tic & Exports Business by way of slump sale as a going concern to its wholly owned .rnbsidi.ary, 'KOEL f luid Oyn;;imics Private Limited 1 ["KFD'') (formerly known as La-Gajjar Ma~hineries Pr'1vate Limited n.GM")}. The aforesaid B2C business segment of the Company was transi@rred to l<FD wtth effect from 11th Octob@r 2025. The c:onsideration was in the form of rssuance and allotm ent of 10,65,150 @quity ~hares of l(FO having Face vdlue of !I!; 10/- each to the ComPany, on a Private platement ba!iis, Ofl terms as se~ out i-n ti,,@ Business Transfer Agr~ernent. Acco.rdiflgly, the -net ass.ets of~ l8c88 Crores. was: transferred on a slump sale basis at the1r carrying values, and the consideration was: aci;ounted for at such carrying va.lues of net as.sets as an addition to the Companv's investment in th@ subsidiary, coflsistent with the Company's accouflting policy. in accordance with the applicabl e Indian accounting standard:; The operations of the Bu.sines.s. to Cu~tomer ra2cN) busi11@ss oi th@ Company is clas.sitie-d as discontinu@d ope:rations tor all t he periods presented in these stalldalone financia l re.suits of th~ Company1 in ae:c:otdance with tha applic:able accounting sta11dards. Sil'lt:e the ua11sai:.tion w::is with the wholly OWl"led suh~idiary company , th@r@ is no im pact on the c:-,onsolldated financ:ial result.5. The res-ulb of the business das.siflE!d as dlscontlnUed ope.iat rons in the stand.alone financial results are as under· Quarter ended Half year • nded I Vear endE!d Partic.ulars 30-09-2026 30-06-2026 30-09-2025 10-09-2026 I 30.og.zoz5 I 11-03-2026 Una.udiled UnawllleJI UDJlld.ited Un.audited I Unaudited I "-"dlle.d The results: of tl-,e discontinued operations [a} R@v@nue fl"Clm operation.$ and otl'ier intome 145,31 318.07 318 ,07 (bl Totaj exi;ienses 135,55 - 290.58 291.98 I<) Profit/(loss) before"'• J ... bJ 9.76 Z7.49 26.09 fdl Tax ex.pense/Oncome) of disconi1inued operations . 2,46 6 92 6.57 Profit/(lo,s) alter tax (c • dl 7.30 20.57 19.52 Net ~;;iih een~rated from/ (us.ed in) ocierating activities. (4,021 Net cash generated from /(used in) investin g activities 0.11 Net cash generated from/(u-5-ed in) fin.anc:inl!: activities 3.91 7 Durir,g thie quarter ended 30th September 2026. the ComPanv has allotted 1.,86,280 fully paid-up eQuity shares of~ 2/- each to the option 13rantees upon ex.erdse of Ernplov~ie Stcick Options purs\lant to 'Kirlo5k-ar Oil Engines Limited -Employee Stock Option Ptan 2019 1 ( 1 KOEL ESOP 2019 1 ), Consequent to aforesaid allotment , the paid-up equ;ty :shaire c::apitat of the Company has increased from 14,53,79,944 fully paid-up equity shares of :f 2/· e:ad, to 14,55,66,224 fully paid-up equity shares of ~ 2/· eac:h. 8 The figures for the previous periods ha1,1e been regrouped w'nerev@r required to mak@ thie-m r.:cimparable wirh thos@ of thecurr@nt p@riod:s. 9 The above standalonefin.ancial results for the quarter and halt year e11ded 30th S@ptemb@r 2026 are re.viewed and rei:ommended by the Audit Committee and approved by the Board of Directors of the Company in their re.sp@ctiv@ m@@tings held on 4t!'. November 2026 al"ld are subjected to .a "Limited Re1.1iewn hy the Statuttiry Auditor~ of t he Com pany. f\e11:ister@d Offfce: Uxn1ai111'aio Kirloskair Road1 Khadki, Pune a 411 003 Place r Pone Date : 4th Novembe.- 2026 For Kirloski:lr Oi! Engj nes Limited Gaiuri Kirlo5kar Vice Chairperson and Manag:lng Director DIN: 03366274
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GDApte&Co Chartered Accountants Independent Auditor's Review Report on Unaudited Standalone Financial Results of Kirloskar Oil Engines Limited for the Quarter and Half year ended September 30, 2026 pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended The Board of Directors Kirloskar Oil Engines Limited 1. We have reviewed the accompanying Statement of unaudited standalone Financial Results of Kirloskar Oil Engines Limited ("the Company") for the quarter and half year ended September 30, 2026 ("the Statement"), being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing _Obligations and Disclosure Requirements) Regulations, 2015, as amended ('the Listing Regulations'). 2. This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India (ICAI). This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of the Company's personnel responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under Section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement prepared in accordance with recognition and measurement principles laid down in the aforesaid Ind AS 34 and other accounting principles generally accepted in India, has not disclosed the information required to be Pune Office: GOA House, Plot No.85, Right Bhusari Colony, Paud Road, l<othrud, Pune - 411 038, Phone -020- 6680 7200, Email - audlt@gdaca .com Mumbai Office; 0·509 Neelk,rnth Business Park, Nathani Road, Vidyavihar (West) Mumbai 400086, Phone·022·3512 3184
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GDApte&Co Chartered Accountants disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed or that it contains any material misstatement. For GD Apte & Co., Chartered Accountants Firm Registration Number: 100515W UDIN: 26121007TXFWUV3187 ~ Anagha M. Nanivadekar Partner Membership Number: 121 007 Pune, November 04, 2026 Pune Office: GDA House, Plot No.BS, Right Bhusari Colony, Paud Road, Kothrud, Pune -411 038, Phone-020 - 6680 7200, Email - audit@gdaca.com Mumbai Office: D-509 Neelkanth Business Park, Nathani Road, Vidyavihar (West) Mumbai 400085, Phone-022-3512 3184
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I , l 4 .s ' 7 g 9 10 11 12 13 14 15 16 17 KIRLOSKAR Oil ENGINES UMIHO CIN : l251 t4JOPN tD05tP LClU3S l Reai~tered oJfl<:e : La1<menrs o l<i,lo.s)lar ~o.ad, tCh:!d kl, Pll n e - 411003 STAT£MENT 01= UNAUDITED OOfll~OLIOATED FINANCIAL 1\1:SUL.TS F'O,-THE ClUAFITER ANO HALF YEAR ENDED :KITH SEP'1EM8£~ 2()26 l ~ir. Crorl!S'] COfilJ.i.>Hdcit~ d P1rtlc1.du$. Quarter endeQ Half y~ar ence~ Year anded J:o.09-1026 30--0&-Z026 J:0-09·.WZS 31HJ9-:Z.0.2:6 30-09-t0'25 31-03-2026 tJnaudlted \Jnaudih!d Unaudlttd Unaudited Un11Udited Audited Income a) Revl:'ri ue from opera.t ions 2..28~ 04 1,99971 J,9SO 63 4,2.&3 75 3,713 72 7,703 54 bl 0th~, irltome 10,H 14 95 12 23 lS.68 45,63 .. 8S Total irm:,me (a+b] 2,294.17 2,014.66 1,962.B,6 <1,309.-43 3,759.~ 7,769.42 E.,,r:p,l?nH$ a) Cos.t of raw 1'1.;ilefials a11d component:.. cans.urned 1.06, 67 949 99 9:'7 )4 2.,019 66 1,773 .60 J,.!16322 bl Pur<;:llase of tradl?d goods j3408 }17{17 245 a, 651 15 458,86, J,OlS 83 Cl ct-ian;es in in...i;:nlories of finished g.o<Jds. work-1n-pro11:ress and tr.aded so.ods 1191?) {S2441 P24' 1 1101 Ot) (103 01) iJ7 391 di Emplovec benefitse:w:pens.e 194.4~ 191.64 15107 )86 09 .28819 612 42 el Fi11ance co~1,-n" 12.119 11596 BS 93 237 15 2.75,3,2 522 77 f) Dl?preciation and aimonis.ilt lr:>(l i;!>:p~r'l se SJ 60 ~a 51 42 02 100 11 6-168 17404 ~) Other e-xpe nses 376~'2. 3,28 62 309 72 705 54 59l.l5 l ,.250 15 h] fapenses .::apitali,s;ed (9.041 (5.76) (2..231 (1480) 16_0';) 125 34) Total e:i1penses let ~ot-1 l ,11'9.3Q 1,863.S!) 1,746.56 3,9S2.M 3,360.74 &,9.BCl.70 Pmfit b1?fore eneptional ltems a11d ta;,c 11-Zl 175,47 151.07 216.30 326.54 3i8,61 7:BB.,72: E;,ccepti(inar rtem s - In-come l (e;iipen se) (Reter note 7) [3>45 Prcifit be.fore ta,c from co,Hlnuln~ ooer1tlt1n~ (3 + 'I) l75.47 !Sl.O? 2t6,.30 326.54 .398,61 756,27 Tu expense: a) Curr~r,,t , .. x <ll4l9 4> 11 49 40 8':140 10086 17Z ,i2 bl (Exce'5s)f,sh(lrt pn:1vfsicin relating to pn~oJious years 06Z - 062 fl 9'3) cl Dek!rrt!dta:,c 015 LS 10) 771 (-'I.ES! • JS 28 12 Total tax exe>ense la, tD cl 45.16 40.01 57.11 85.17 lOS,2.4 1'98.SS Net prom for the oe:rfod from continuinl! DDi!r.1hO ns CS~ 61 130.31 111,□,6 159.19 2 .. 1.37 l93.3,? 557.71 Oisoon1i11ued opera.tion5 jl\efer ,iale $I Profit before ta~ 029 029 rrofit an sale of undertilkin!!! ,us .!1.15 fa~ e:.i pense/linc.omel ro20) fOlOf Net p mtit for the oeriod from d;sc.antinued . operations " •. 74 4.74 Net prot'it for the tierioli 17 + S \ U0.Jl lll.06 159.19 lAl,:17 29111.ll 562.45 Othel" Comort!hensLve Income I floss\ Items li,at will be recla5sified fo profit or los~ in subseqttent perlO~$ IAI: i) Eutiange diffe.rl?nces in transl.at in~ the finandill statel'l'lel'ltS of fQfC"iEfl op~ru! ions 10 1'1 022 J0,67) 0,0.S 10 ,SJ Jl66i iii Income tax Cex.oense l/inc.o me on above Subtotal !al • llil ♦ fiill (0_101 o .. u (0.67\ 0.08 (0.75) (1,66) iii) Fair value chainges on lnans.. related ro financi.al services. Dusiness:, cl.assifi~d under ""16ld .1rid Sell'' buslrit-5~ JI 68) (] 701 ZS 15 15 JS) 47 97 4l 66 model ivl Income ta:w: (exoenselfrncome an above 0~ 093 (6331 1-35 (1.2 071 (1CL74) Subtotal fb) • ll lill +(N il (1-26) {2.17) 18.82 (4.03) 3~.'90 U.92 Total {Al= l•M•J (1.401 (Z.55) 18.15 (3.95) 3S.15 30.26 ltetn'S that will not be .-edassi lied to profit or loss in s:u bsequent periods [8 I: i) Re-o,e11sureme:nt 11,,iiin/Hossl on defined benefit plans. Zll 040 (70S f 2 71 (6"2) 2 49 jil lru::i::ime.ta~ lt:i.Den~cl/inCJJrlll! on ab<Jve IO-"l 1cua1 1.78 (ll.63) l.'2 10.0,1 Sublata l ,,1 =-ll8 .. run 1,73 030 15,ZJl L03 15,101 l.86 iii) Net gain/jloss) on equit'P' instruments me-*Sured .it l.ll, v.alue through other rnmprehenslve income 000 002 000 002 '(000) i11) Income tax (elCpense)/incame on abooJe OOIJ <0001 000 10001 000 s,btotal (bl• Jl;iil +(;,IJ 0.00 {I.U! -0.00 0.02 0.00 rohl {B)- [al+lb) 1.13 tl.30 (5.l51 VJ3 (5.08 } 1.86 fotal other com0rehel"1.si11e inoom.e/(lossl fo, the 1,iit.,lod~ nH Df tn HA1 + (81; rnl O.l3 IUS U .90 flt92 J0,07 JL l2 fatal ccmprehe11siwe income/ (loss) for the period, net of tax (9 + 101 13(1.64 ,out 172.09 n,.4S 32U9 59~ . .58 Prolit/(Lcis.s} for lh l> period attributable to: al 0.....-ners of the Company .... 13147 113 71 161 % 145 ,. 304 34 S74 32 bl NDn~co,11rolUn11 1n1orcu (Ll6) 12-61! (321 ) llll) 16231 [U 861 Other compreh ensi'lle income/( los~) for the period .amltiuu b le to: at Owners of the Campany" 081 1135) 1HA 1153) :n14 35.54 bl Non~cot11roll1nu. lnttl'llft (0_491 0.10 l0.941 !O 191 !1_071 {3 '2) T atal com prehensilo'e income/(los:s] for the perfOO attfi_,uU1ble to: at Owners of the-Con,panv" 132 29 11136 176 3{1 2.!13 ti'S 33148 609.86 bl Nor1""ont rotlu1.i mt~r(!st (L65) (><St \4'11 10201 17301 (l5 2&I Pald~up equity sh•r~ eatiilt11r {Face value of l ! eacfi) Z9.11 29.08 29.06 19.11 l9.DG '9.01 Other Eauitv 3,59 Wl Euniniu -,e:r ~e: [ t l (.Face va.lJ.uo: tlf ,2 !!tilr:bl fonlaonu.altz.ed.1 to, Contjnulni? Operatfons ~18u'5icf~l 904 , ., Ul& 16 86 1063 l9~D bl Dilutecl (,; I 9.01 7.81 11.17 16.80 20.60 39.05 For Discontinued Operat.iohS JI Basic I ~l 03] 0,33 h) Diluted f ~ } 03' 033 Fol" Co11tinuin11 and Discontinued Operations it\ Sasit-r" l !Hl4 7.82 11.lB lQ.86 20.916 39.53 bl Diluted (" I 9.01 7.81 11,17 16.SD 2.0.93 39.38 Net profit 11rtl:r t\llt ff'O'TI d11contu1uC!'d oucr.ibo n :1- 1" w\,ol lv,o1tmbutJibl~ ro own'l'!rJ of t~ Company Co~tlnued to Page no 2~ ,,
Page 9
Page no, 2 The Grnup l"the Comp.a.n~ an.d its. subsidiaries"! opera1es. in the business al maflurac:turlne, ¢{ fol!:inies .tnd Pumps whefe1n fill() cus.tome, b.ased ,ep£i,ubfe s.e~ments ha,ie been. identifi ed l"lamely • Business ro Bus1nes~ 1''62B"I and Sus1nes.s; to Cus:t£in,er ("BlC") Howe...,ef, as. pt( p.:1ra 4 ol 1nd AS 101!!1 "Operatini: 5ecments", Kirlo-skar Oil E11£ir-e:s. Lll"lllted ("the Cornpariy'') is (equifed 10 dl!.dOie segment informatio n onlv in the Cons.£illdat,ed Fin..tl'ICial Results Ar C:Dl"l$.Olld;:,kd l~el, th~ Group h.is identilic:d three os,en1tin1; reportable segments namely B28, B2C and Finaondal Scr-.,i-c<:-s The 1den1ifico1tion of opc:r<1tin8 seitmel"lls. 1s: consisten t with. perfor m:,nce a"Ssessmenl and r'l!!s.ource allocation by the manai;ement The Consolidated Statement al Se,;m-2nt wis.,e P.eoJenue, Results., As.s.ef~ al'ld Ll,.bilitic:'lo .iri.:-as ul"lder ( ,ini:rorC$) Cbn&o0dated Pa,tic.ula-rs Q.uan.e-r ondcd H11Hye,1:1r 11nded Year 11tldl'.d ~ll-M-202& lD-Cl~29U. 3Q.()9.2Dl:5 Xl~g.2026 J0..09·2:tl.l!i :U-03-2026 Unaudited Unaudlted Unaudited Unaudited Una11dited "'"1, t,d SEGMENT REVENUE .,. l, 71lS 28 1.488. 2.8 1.456 64 3,.213.56 .2,732..% $,6SS Bl BlC 33 □ 1a 301{]0 258. 41 631 18 550 20 l..HB H Fin iln d.a I Ser11ict~ 208 5$ llil 43 235 ll 41901 430..56 .'379 20 REVENUE F"ROM OP'E:FIATIONS UB4 . .04 1;999.7 1 1...950.63 4.:lu.,s l ,71l,J2 7,7Cl3.54 SEGMENT RESUtrs• BlS 147 59 114 6.3 163 .2.4 2.62.12 lOI 51 5919l o,c l2 87 25 76 1818 48 63 4184 106 19 Fm;•l'lc.ial ~rvice~ ~ 6 OS 9'8 J3 52 1S 43 47 19 91 44 Unall,oc.a ted 4.75 567 6 80 10 42 1'1.26 2.076 TOlAL SEGMENT RESULTS 18L26 155.GA 211.74 316.70 400.81 811.33 Le-ss: (il J:i-n.ance costs ... 5 79 4 37 544 10 16 1110 l2 61 tin f...:.::eption.al items.· [ll'ICOrne,)/e~pitn'Se (Refer note 7] 32 45 PR Om BEFORE TAX •ROM CONTINUING OPERATIO~ (Al l.75".47 Uil.07 2.16'.30 3It;;.54 l~i.61 7S6.l7 PRO AT BEFORE TAX FROM DlS.CONTINU ED OPERATIOriJ§i (B) {Refer rm te l!r:) 4.S4 q,5,4 PROFIT BEFORE TAX FOR THE PERIOD [(A)•(B)l lT!i.41 151.01 1.16.JO 326.54 403.15 760,BL SEGMENT ASSETS BlB 3,31148 2,972 20 1,516 39 3,Hl 48 i,Sl6 39 2,640 60 82( 7S4li8 7512.4 707 41 ~488 707 4l 748_95 Finan-cial Service~ 6,89&64 6.5712.0 6,!151.:1 29 6,896 64 6,858 29 6,751 45 Unallocated assets S38!15 636 79 5908.9 53805 590 39 71144 TOTAL ASSETS u ,s01,os 10.931.43 10,67?..98 U .501,05 10,1672:.98 10,852 44 SEGMENT UABILITIES 82B 1,750 .37 1,571.90 1,41031 1,75037 1,410 31 l,405 33 81C .128,{14 333 ,05 310 4ti 32804 320.46 360 19 ~inAnci~I Sen.oice~ 5,519 B 5,200.17 S,SlB.SS 5,51913 5,52.885 ~.338.19' 1,.1,...,illacate-d llabllltl-es l24.24 123.51 77.41 124.24 77 41 ll3 40 TOTAL LIABILITIES 7,711.88 7,22B.09 7,337.03 7,71],88 7,337.03 7,l17.3l Prgfit/ (Llht l !iefim1 •~ti!!Ft!Ot'HII ltem1-1u i:-.d Cnte'~ ! from e-o1ch segment • Pr::iri,/iL..1u) b,:ton: ,:ll<;i:ption;:,1 ikrns, t~;ir; a,nd ~ ft~r int'erl!~t ' .. Dthef th.i!'I !he in ti:~~ t pi:rt11ini11 g tg th~ "Fin,mcia I Ser.iice1'' 1e11:meri t ,v,, Disr19YregoliD" of finance Losts are CJ$ below - Quarter ended 1-iillf year l!.nded 'Vear enitlett I Partlculns 311-lr.JI-ZD2,ij I ao-~2Q25 I 3o-<l9--202S 30-Cl9-ZO'Z6 I 30-00-2025 :U-1'.13-?(12& I Fi riariee costs rel a ting io flnaric-lal ~rvic~s bu5ine5:5 115 40 I 11159:1 130,54 2.26 99:1 .lD4 12 500 06 F1n..ance costs relGt.ini to 01.her than fu:ia.ntial serv.J.C.e.s busita.!!!:s. 579 4 31 5.44 lO_lJi U.20 llJ l I Total 121.19 ( llS.9 61 135.98 237.15 1 275.31. 52:t.H Co.nti rmed to Pase no 3
Page 10
2 Sta1ement o F au,ets and liabilities [Balance Sheet) L Non-<Unt:rtt l'!.sets la) PrciJ'ertv, J'lant and eQuipment lbl Capital work-in-prngress. le.I Ri1::ht-of•use-asse-ts (dj Goodwill le) Other intaniible asse-ts: l8) Financial .assets. fll ln,..e'Stmer,ts I ii) Lc.Jn'S and Rec.eiv.a bles. of Fin an c1 al Services. Susi ness [iii] Loans fiv•oth,e,rf1nancial ;mets rh) Deferred t~x ~'!.sets I net) (ii l("IC-(lme ta)( as.set~ (t1ct) f1) Other non-.current ,'JSs.e,s 11.C\lrtl lll assets (t1t lr1ventorie~ (b) Financial a.sset'S (if ln...estmerus. (iii) C.ash .ancl ca~h equiv.ilenu Su.b-tonJ:- Non-cuxknt ~seli (iv) B,:trikb:iil.im:;es other than liii) iiibove (,.•l lo,.1ns .,nd Receinbles of Financial Services Busines! (vi) L-0.ins. (viil Olhii!"I finam:ia I asset'S (c)As'5eh held for sale (d) CUrtent l.'i>i ass.els fnell (e) 0th er curreri t ass.et~ EQ.U1TY ANO LIABIUTI ES EQUITY (b) Other equiry (c) Ncn-ca ntrcctiri !Im t<:-rests UABILITLES l, Non-ament liabilities. la) Fhi:ancl:al 11.ribjll•les i i1) lease Lia bililies liiil Othe.- financial liabilities lbl PrOVl$il)M let Defe,,ed t:!i)( lli,blllti~s (roe:tl fdl Other non-current liaDilities. II.Current fial::!ilities (al Fin.incial liabilities (il Bo,r-0,11,1i ngs (ii) Lease liabilities fiiil Trade and 'Clth.e, ca"ablE!"S sub-total- curre11t assll!lts TOTAL -AS8ET5 s1d11-tct:1I-'Equity S1.1 b-to1a1 • Non-<urrent 11::itimtles a) total out-standin~ du@$ of micro -ente,prises and ,small enterprises Particulars: bl tot11I cuts.1:andln11: dues of cndltors other tl'leiri mic,o e:l"lfetprls,e~ and s.n,~11 ente(flli~e$ (Iv) Oth~r fln:an,;i..'11 liab!llties. (b) Other c:urrellt liabilities [cj P,o,..isions (d) Current tiil:< liabilities jnetl SuD-tot.11- Ct.11re-11t [iabirities lOTA.l. • EQUITY' A.ND UABIUTIES Pagen~ 3 r , in crore~ I Consolld1ted As •t 30-09-2026 31--{]3-2026 Unaudited Audited 9.36.61 91~ 53 119 06 60 95, 93.99 l OO SS. 190.17 19017 105.65 11071 117 2.3 B7 69 2.13.83 11414 3,ti9.S 01 3,566 42 004 004 200.10 lDS.54 9 05 fi 54 t7 Ol JG 99 415' 18 66 S,742.29 5,424.33 1,1214.3 743 66 66 30 32:S 16 L,{139 OS 953 I9 740 64 764W 473.6] 486 26 I.972 54 1,977 61l 0 0, 004 5636 '11 24 . 3905 l7B 19975 109 19 5,7S8.76 S,423.11 11.501.05 10,.852.1114 19.ll 29 07 3,7500 3 J,591 1.2 003 (4SJJO) 3,779.1 7 ,.s,s.u 3,316..52 l,1l2 ,.B 30 97 B54 B73 14 LS 69.32 60.99 66 75 69 33 64...89 75 39 3,562..18 3,176.26 l ,28l 49 2.190 00 23 09 l7 01 2.7ti 32 196 20 1,{103 ~o 75077 ]98_27 417_52 19/ 4.1 149~0 179.6& 1704(15 . 4,159.7(1 3/;101,05 11!501.05 10.852,44 Continued t4l Pi!i~e nc 4
Page 11
3, S tatc m,ent of C.ash ~I ow Par tic:ula rs Comolld ilil d Hair yea, ended Vea, ended -30.Q!]-·2026 J~-2025 31--03-2026 Um1Udited Uno1ud it ed Audiled CA5M FLOW FROM O.PER(l.TING ACHVITIE~ Ptont beiore tax from continuin~ operations 326,54 ~~B.61 156.lJ Profit before tax from discontinued operations (R-!"fP.r NCJt~ S) •-'4 '1.54 Aditi~ rmenu: A,r;td: Dei:,rcc1ation ,,rid amortisa11on e~peMe 10011 81 gg 174 14 Finar>cc: c1.1-..t-s ll,l4 11 G9 24W 5har..-r h,1~ed compen~.,t,011 tu ~m11l,::,y-e,:.,, 1a.sc; 6.l i' BQ5 IIT1p;11rm-2nt lo~s .allowanc.e on,' lreye11.A1 off t,.1d-e ,ei:.~1•,able I Q\hi.:r •~(P,1v.1l,,l-e (n~t) /970 })49 6.S.92 Bad deb t!i .=md ,rrec.nver .!Ible b;i lMi:.e1, ·M,t ten Qff 016 oo, 0,. ;Go:Jirdi loss on fair valuation of investrnents me.'lsurerl ~t i,11, v-.1l•J(: thraugh ,,rofit ar lc:,,;:r., (r,et) 065 Pr r-,fi t/(Loss I on re insta.tmen ton 1e rei\labl e!i/p ayables 5,74 (S,161 \13 63) :;;iQOif'I on dererngnttion of financial asse~s me.!ls.ured at .=imr-,rt1,;~,t co<:.t 16-H 141 Ol) 141 031 '.=i-i'ir1 en disposal of oroper1v. plant <1nd ~qu1pr11Pl"it (net I 0 'lQ (l 19) (U31 \IW1te down/ lreve,sal) in write down of inven1cNes. & others lr'ler) 1214 16 34 2.1 20 Hl423 99.18 247.35 le!is: Gain/ \k,~.,,I Qf1 r.w valui1Lio11 o.f inveslments measu,ed dt faoi, value thrm.igh profit 01 los-s (net] 077 0 98 Gain on le.is,:,: rnodifi<:at101'1s and dereco~nition of leased premi-ses accounted as per Ind AS 116 0.21 0 21 1G.:iini/ los-s on f.air •1al\u.t1on cf deri,...;ith,e instruments : 0 4.2 Iii 071 (B.52) G,1i(I on s.ale ot 1m•escments meaS\.lred at FI/TPI. 1ne~) 11 7') 2484 <ll 51 Pro\lisi011"-r\D Ir.inf!~• r,:,:qull~cl wrlt!l.:l'I h.,,;;;k 152 0 92 > 16 lntrtres.t 1r,c.ome 16-.16 2.0.81 ·10 53 G:>ii11 / (loss) en sale-of unde1tali:ing 425 4,25 Un winding of secu rit'f de oosit and subs.id it re =<=i\'abie under ;,ac.k.!lge Scheme of lr,c.entives (PSI I, 2.001 056 0 48 l o, Su nd1v r red it balances wril ten bad: 0 09 0,)5 3,05 O i~•td e,id in come 0,00 <J.00 0.00 43.:!1 4ti ,77 79.32 Operatlnt?, profit before Working capitiil -changes 1\77. 46 455.5(, 9?9.J!t4 Wrlr'k111g Capita) AdJUSM)MtS (lnc.r~as:e) I Oecr~ase in loans and loans & 1ec.eiva.bl~s oi fina.nc1.!!I services: busineH 116),541 ZSl,29 431 6B (jnc.rease) I Decr~ase in go ... ernmen1 ~r.ant recei..-ables 0,61 0.10 '°' (lnr:r.ease) / Den.ease 1n trade ;;,nd other receivables (17Vl0 1 115-.2 21) (338.62.) (lncr,esi-..i:) / 01.:i;;r.:;;i-se ir>•nve11lories: (3.'39,601 (271.01) (175,84) ln,:;:,e:>is,e / ( Dec.re.as1;1) 1n tr.!lde .and :lther ~.avA-hle~ 105,04 12.S,08 110i, 4 111c,e:>i:r.e / l Oecre.a~e-) ir, prn ... i~ll'll"IS 20. 25 ZS.42 47,89 (598,041 (1H3) 187,07 Net -cash generated from/ (used) in operations (121 ,18) 431.83 l,l lS..91 Income ta~ p.aid In.et of r,efunds) [BU G) ("'1,09) (l 83.70I NET CASH GENERATEO FROM / rosm 1NI OPERATING ACTlVfTIES l:,OZ,941 3(!7,74 932.2.1. CASH FLOW FROM INVESTING ACTIVITIE!i PL,rch.o,;:,: of P~t:'P",:rtv, pl<1nt and i:Quipment (PPE) and 1nt;;,ngibl1? assets 12U.411 [15'1,97) 11'9 821 (Purchase-)/ S.ale of investments (net) 172,03 1>9,49 10128 Redemption from/ \lnve~tment inl foced deposits with ba.nks 13.10 56,00 11l1 lol Prc.c~ed$ Crom 5,.,1..._. ~f PP~ .1nJ01hi.:r irit-ilnp.ibli: ;issE"t~ •ndudil'lg: a.dv.ances D.2:0 1,92 '31 Prr,c-1;1erl& lmrti ,;;,l,c, uf uriilert;1kine. (rtetl (Re[,:, Note 31 7J)2 10.70 Dividen-d rec.ei..-ed 0.00 o.oa o_oo Interest receh,ed 6 )l 14,56 3611 NET CASH GENERA1£D FROM/ tUSEO INj lNVESTINGACTIVlTCES t.22.75- 37.'92 (320.tia CASH FLOW FROM Fl NANCING ACTIVITIES Proceeds from bil! discoun.tin~ and borrowin~s 1,710 88 &95 39 ) ,19~,94 !fkpavmentl of bill disccuntini!; und borrowin1;s (1,426 -MI il,13S 75) 12,6-46.99) r inal .ind ir•terl.n Jlvider,d pond (65 481 (SS 10) ('9444 } f inanc.e costs 187'1 (9.47) ll9 17} Pavment far le-.1se Li.abilities 1nc.lL,Ulng 1l"lll1.'Jl t:OSf 118,15) 114,56) 131901 Proceeds from i:;suaince of share capital inc.ludins securities. premi\.lm \0 .. 08 l.SZ 4 28 RtceU>t or :lhofl! (lppficat loi, moncv J>1tndin..t .1ilotmi:mt of 1iht11rt\ oo, 1 15 03' Nfr CASH GEN'ERATEO i=ROM/ !USED INl flNANCING ACTIVITIES. l01.8B (3'9,5 ?) [588.96 Net inuea$e-/ (decrease) in Caisl\ an<l eas.h eQu.lvalent.$ (H81) 66,14 22.57 Openirie: Cash and ca~h equiv<ilents 764.ZO 741.06 741.06 l:'.ffcct of foreizn e~chi111e.e on Cash and cash -211uivalents 0,2S 0.68 0 57 CIO-Sihg Cash and cash equivalents 740.64 807.SS 164-20 ii The above cash ~ow starement ha!i been prep.!!rPd underrhe 1(11!,(e-Ct r11i:.:tflod ~et 0L1I in lndiilln k:counlinR. '5t;;,ndutd llnd AS.I 7, •~r.1ternel'lt -::if C.aih ~laws' ~s <::pedfied in l he Companies Hndian Accountine 5t;.,l'ld-'lrds) fl:u1es,ita5 ti) 111.::ome f;_i:..; i,o11d i~ tr1..•.ited as ari-sing from operating acli\lilies and are r,ot bifur-::ated between ino1esring .and financing <1ctivities iii I The 3bO'o'II? cu~h tlow s!aitement includes cash flow from discontinued operations: (Refer not,e 8j ivl All figures. rn Dncket indkate cash outflow . Conlinu cd t o Pai;:e no 5, ,,
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4 .a.s. per Ind AS 108. .. Ope-ra~ing 5eernents'·. tl'\e Gr-olJO h.Js reported 'S.1::!gml!n\ 1nformalion' as. de~cribed below:- A) Business to Ot..1~ine.ss (02B) - fhl~ scgmt.'nt C::0•~1p,iSE!'~ of µrntluclion, sales ar,d ~ervice!. of ~n~ines., Genset~, Electric Mota,s, spa,es pc1(t~ af lhe~I:! JJ(Oduct~ ar'ld oils, Farm Mi:lchiries. like pOWI::!( tillers., paw<' r wee de rs etc a) Bu-;:ines.s to Cus.tomers (B,2q - n,1s. segment cornpr15,es of production. as.sembly, sales ,:,11d seivices of Die.seal or Ele,::.trit ooer~t!!ci P11mp~ & ournp~ets. occe:..saries and :1llied products C) Finan(1al Services - This. segment includes operations. oi r~nrier1'l~ financiot services throug.h wholly ow'l\eO Non-Banking Fin.anci;;il Company ]NBFC) ~ubsidi,Hy Arka Fin:!lncla.i Holdi11,g~ Priv.:.te Limited, NBFC steri-down ~ubsidia..-y Arka fil'lCafJ Limited and J stcp·down ~ub~ididry Arka Investment Adviso,y Se,vices Pl'iV.)te Limited n::!sp12ctively D) Ui1alloc;;ible • U1,.illocable <ornpris.es. of Jos.sets, li.ibilitic~. ,cvenue ,:ind ex pens.es which are not clir1:ctlv related with ,:my of the opefating ~cgment~. The above 5Uterner1t h.i:. bi?e-n prep¥~d in acconfance w;,h The Companie-s (Indian Accounting Stand.:1rdst Rules:. 2015 (Ind AS) pre-~cribeJ 1.mdl!r ~ect1Dn 133 ot The Componies Act. 2013 .ind other recogn.is~d accmmtine practice~ and ;:iolic.ie$ to the extent ;;ipplic~ble 6 Pursuant to !he approval af th~ Baud of Dire~tors ol thP. Compony it'l its rneetir,g held Or'! 6th August l026, Kirlo5~i:lr Americas C:orporiltion f'KAC') la whotlv owne-d subsidiaryol the Compan y) acquired ~a lance 4,900 oJrlit.s (49% st.ake) ot (ngine-s LPG, LLC dbc1 Wildcat Power Gen ("EnE;ines LPG LL C") (a .c;ubsidiary of :<AC and s.tep down sub!.i-cliary of thl:! Cor'nf.Jany) fo, considerati on or USO 31 rier unit. amouriting to ::1pp101(irnately USO O 15 million, on 6th August 2026 US tiine- • entl of the Uay [7th August 2026 1ST], Consequent to the sard Jcquisitio11. En,;;ines LPG 1.1.C became a wholly owned ,uh5idicuvof ~AC with effe-ct from Gth Aug•Jst 2026 US ~ime - end of the dny 1 The consolidated financial results ~or the y•nr end-=d 31st r\farc;:h 2.026, included :he- irnpa:;.t of exceptional itern5 amo'Jntine to ~ ~2 .:15 Crore5, pertaining to incre-men!al impact ori a1r.:count of the New la bow r Cod e-s, .S Uuriflg the qu.H~N l:!'fldcd 30th JIJl\e 2025, KOEL Fluid Dyr1a1l11cs. Pri"Jate timited ( l;(fO''l (formerly known as LI.-Gaija, r• .. fachlne , ie> P(i,.,.,:!te Li111iteJ] t1a11~fcr(ed it~ 'Cables. Wires & Pipes bus.ines.s' ("u11dertakinc") bv W-3\1 of ~lurnp sale on r1 e,:;iine cortcern bi!si5 at an aggregate, ,onsider.ition of" 10 70 Crore~ subject to closing adjustmerits by e>1ecutine, Busine5s Trnnsler Agreement (BTA) on 30t tl lune 2025 !Closint datl:!) between KFO and the ~uyer i e Vira Loi;:.istics. and ac;:c;ording:lv the 'Cable!>, Wires & Pipes bus.iness' af KFD was. transferred ta the Buyer we f Clusl11g da.te, The fll!sults. of th@ undertaking clas.sifi12d .is discontlnu~d orieratioAs in ~he consolidated fina11cial results ate as 1,1ndet; { ~in Crores J Quartet 11nded H■Jr yur ~l"lded Yeat wd@-:d Particular~ J0-09--Wl6 J0--06-l0l6 30-09-2.0.25 l0-09-2026 30--09-2025, 31-03-lOlb Unaiudited Unaudited Unaudited Unaudited Unaudited Audlted r,) RC11"enue fr0tn (11Jet,i110n 1 a(,d other 1n( o rm1 - 316 3.16 lb} Tot:11 e,kpe/lse:. '37 '87 le) P,ofit before lax ((.1) • (bj] - 0.29 0.29 :dl Ta~ c:i-:ipeM~/Hnc<Jmc:I of di-scon,inued oiperations (0 20\ 10 20) l•l P,oflt alter ta, ll<I • (d)) OM 0.49 If) Proflt on s..ile of unde,takin~ - - 4 ).S 41S lg.)Ta:i:. e:i-:oense/linrnmel on profit on .sale of unde,takin~ fhl Protit alter ta• on sa1le of undertaking ((f)-(.g}l 4.25 4.25 ii) Totail pro tit !:iefore taK trom disconlinued operations L[c.f ~ If)] 454 4 54 ljJTota-1 tax expense/(inc.ame) of discontinued aper.it ion~ [(d) +- I!!!)] (0101 (0_.101 M Net profit a ~er tax from ctiscDntinue.d operaticna, [ (i) - fj)] 4_.74 4.74 Cash flows: 6.96 .... ::ash ilawfrom DJlsar,3tin!!! :1cti11,tie$ (0%) 1082) ;::<1-:.h flow from ir1Ye-:.lin!: .;ic:tivitie-s - 7.92 10.70 9 The Board of Directors of the- Company in Its me-eting he-Id on l□ lh October 2025 approved the transfer of the Company's Business to Customer j"B2C") busine>s se~merit I.e. Water MMageme nt Solutions ("WMS") - Domestic&. E:Kports .Business bywnv of slump sale as.a eoing concern to i~ wholly owned subsidiary, 'KOEL Fluid Dynamic-> Private Limited' ("KFD") (for mer-ly knawn as La-Gajjar Machioeries. Private Limited !1oLGM")). The aforesaid B2C business. segment of the Comp.my w,H ua.nsfe-1 ,eu to KFD {LGMt with effect from 11th October 2025 The consideration wa~ in the fo,m of issuance .;rnd allot ment of 10.65,lSO equity shates af KfD (LGM} ha vine, face value of~ 10/- each to th~ Campany, on a p,ri11ate pl;;icement basis, Oil terms as set out in the 0usin{:SS Transfer Aereernent Siric~ this transaction was betwE!'en the Company arid it5 whollyowAed subsidia,y compJny, the-re is no Impact :)n the consolidated finc1ncial results 10 During the qu.:irter ended 30th Sef)t@mb@r 2026, the Company has allatted l,&6,280 fully paid-up equi~ shares of~ 2/- each to the option granteeH1pon exercise or Employe~ Stoe:k Options purSUQr'lt to 'Kirlos.kar Oil Engines l.imiterl - Employee Stock 0J)tion Plan 2019' ('KOEL ESOP 2019') Co11se<1uent ta afo,e!.aid allotment, the paid'·up equity sh3re capital of the Cornp,:1nv ha:;. irii;;re.:ised from 14,53,79,944 fully paid-up equity sharoes of :t: 2/- each to 1.11,S'.l,66,22/J. fully paid-up equity shares of~ '"2/- each 11 The consolidated financials. results 1r.c.lude~ the results of Lhe followingsubs.idiaries :- 1} KOEl Fluid Oynaniics Private limit.ed ("KFO") (formerly known as Ln-G;;ijjar Mai:hinerit-s Private Umite-d (''LGM"f). wholly owned ,ubsidiary of the Cornpa11v ii) Arka Financial Holdin&s Pri1.1,1te Lir,,ited f'A.FHPL '), whollv owned subsidiary of the CompJny . iii) Kirlosk~r ll.rnericasCorporation ("KAC") wholly owned subsidiary of lhe Company iv) Kirlosk.ir International ME FZE. (' KIME"}. wholly owned sub!.idiary aF the Company ,,) Arka ~incap Limited{" AFL"), s.ubsidiarv of AfHPL and ~tep-down s'Jbsidiary of the Compi!ny vi) Arka Investment Advisory Services Private limited ("AIASPL") .wholly owoed ~t..1bsldiaP/ of AFHPL and step-down s1.1bsidiary of the- Company vii) Engines LPG, LLC doing busfr-e'io5 a$ Wikli;.a,t Power Gen (''Engines LPG LLC''). wholf,,i owned s.tJtnidlaryof ~AC and step-down s.ubsfd'[ary or the Company (Refe, Note 6J , viii! Kirloskar Adv~nced Svstems Priv,:,te, limited (''KAS.Pl"l. whollv owne-d subsidiary of the Company we f 30th March 2026 12 The figu1ies for the- previous periods have been re,Erouped wherever required to make them corn parable with those of the currel'lt period The irnpact of such reg:ro1,.1pings. is nat material to tlle con~olidc1tec:I financ.ial res.1Jlts. B The above c.:on$olidnt~d fin~ncfal rEsults fo.- the qu.i,ter and hali ,,ie1r endc,d 30th 5':!ptember 2026 are reviewed and recommended by the A.udit C'ort1rn1ttee-and approved by the- Board of Directors. of the- Company in their ,especti"Je meetings held 0114th NoJember 2026-ilnd are subjected to.i "limited Review·· b'/ the St;:itutory Auditors of the Company , Registeted Office: laxmanrao Kidoskar RDad, Khaclki, Pune- 4U.CI03 flat.e: Pune Date :4th November 2026 For l(lrtoskat Oit Eng[nes: Umlted I'~!~ Gauri Kirloskar Vice Chairperson and Managing Director DIN : 03366274
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GD Apte & Co Chartered Accountants Independent Auditor's Review Report on Unaudited Consolidated Financial Results of Kirloskar Oil Engines Limited fo_r the Quarter and Half year ended September 30, 2026 pursuant to the Regulation 33 of the SEBI (listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The Board of Directors Kirloskar Oil Engines Limited 1. We have reviewed the accompanying Statement of unaudited Consolidated Financial Results of Kirloskar Oil Engines Limited ("the Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group''), for the quarter and half year ended September 30, 2026 ("the Statement"), being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('the Listing Regulations'). 2. This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements {SRE) 2410 "Review of Interim Financial Information performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India (ICAI). This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of the Parent's personnel responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under Section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the Listing Regulations, as amended, to the extent applicable. Pune Office: GDA House, Plot No.85, Right Bhusari Colony, Paud Road, Kothrud, Pune-411038, Phone - 020 - 66807200, Email - audit@gdaca.i:om Mumbai Office: D-509 Neelkanth Business Park, Nathani Road, Vidyavihar (West) Mumbai 400086, Phone-022-3512 3184
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GD Apte & Co Chartered Accountants 4. The Statement includes the results of following subsidiaries and step-down subsidiaries: Subsidiaries of the Parent: a. KOEL Fluid Dynamics Private Limited ("KFD") (formerly known as La-Gajjar Machineries Private Limited} (wholly owned subsidiary) b. Arka Financial Holdings Private Limited ("AFHPL") (wholly owned subsidiary) c. Kirloskar Americas Corporation ("KAC) (wholly owned subsidiary) d. Kirloskar International ME FZE ("KIME FZE") (wholly owned subsidiary) e. Kirloskar Advanced Systems Private limited ("KASPL"} (wholty owned subsidiary} Step down subsidiaries of the Parent: a. Arka Fincap Limited ("AFL") (subsidiary of AFHPL) b. Arka Investment Advisory Services Private Limited ("AIASPL") (wholly owned subsidiary of AFHPL) c. Engines LPG, LLC dba Wildcat Power Gen (wholly owned subsidiary of KAC w.e.f. August 6, 2026) 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Ind AS 34 and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement. 6. Other Matters: (i) We did not review the audited Consolidated Financial Results of a subsidiary and unaudited Standalone Financial Results of two other subsidiaries, included in the Statement, whose Financial Results, before consolidation adjustments, reflect total assets of Rs. 7,575.44 Crores as at September 30, 2026, total income of Rs. 586.48 Crores and Rs.1,127.53 Crores, total net profit of Rs.19.50 Crores and Rs. 38.66 Crores and total comprehensive income of Rs. 18.22 Crores and Rs. 34.63 crores for the quarter and half year ended September 30, 2026 respectively and cash inflow of Rs. 64.28 Crores for the half year ended September 30, 2026 as considered in the unaudited Consolidated Financial Results. These Financial Results have been audited/reviewed by other auditors whose reports have been furnished to us by the management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries is based solely on Pune Office: GOA House, Plot No.85, Right Bhusari Colony, Paud Road, Kothrud, Pune -411 038, Phone - 020- 66807200, Email - audft@gdaca.com Mumbai Office: 0-509 Neelkanth Business Park, Nathani Road, Vidyavihar (West) Mumbai 400085, Phone-022-3512 3184
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GD Apte & Co Chartered Accountants the reports of the other auditors and the procedures performed by us as stated in paragraph 3 above. (ii) The unaudited Consolidated Financial Results include the unaudited Consolidated Financial Results of a subsidiary and unaudited Standalone Financial Results of a subsidiary, which have not been subjected to review and have been furnished to us by the management. These Financial Results, before consolidation adjustments, reflect total assets of Rs. 92.16 Crores as at September 30, 2026, total income of Rs. 8.91 Crores and Rs. 27.24 Crores, total net profit/ (loss) of (Rs. 6.16 Crores) and (Rs. 10.63 Crores) and total comprehensive income/ (loss) of (Rs. 6.28 Crores) and (Rs. 10.56 Crores) for the quarter and half year ended September 30, 2026 respectively and cash inflow of Rs. 11.66 Crores for the half year ended September 30, 2026 as considered in the unaudited Consolidated Financial Results. According to the information and explanations given to us, these Financial Results are not material to the Group. Our conclusion on the Statement is not modified in respect of above matters. For G D Apte & Co. Chartered Accountants Firm Registration Number: 100515W UDIN: 26121007KMNAJU5511 Anagha M Nanivadekar Partner Membership Number: 121 007 Pune, November 04, 2026 l'une Office: GOA House, Plot No.85, Right Bhusari Colony, Paud Road, Kothrud, Pune- 411 038, Phone -020- 66807200, Email - audit@gdaca.com Mumbai Office: D-509 Neelkanth Business Park, Nathani Road, Vidyavihar (West) Mumbai 400086, Phone-022-3512 3184