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Kirloskar Oil

Q2 FY26

Kirloskar Oil Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management said on revenue, margins and capex.

Price₹2,026
Market cap₹29.5K Cr
P/E51.8
Updated16 Oct 2026
Read3 min read

The short version

Distribution and Aftermarket business expected to maintain stable double-digit growth with consistent performance (Rahul Sahai, Page 21). The company expects steady and sustainable growth aligned with its 2B2B vision and strategic initiatives outlined in its 5-year plan.

From Kirloskar Oil's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

  • Distribution and Aftermarket business expected to maintain stable double-digit growth with consistent performance (Rahul Sahai, Page 21).
  • Power Gen segment growth remains broad-based and is sustaining in domestic market; momentum expected to continue (Gauri Kirloskar, Pages 9-10).
  • High Horsepower (HHP) segment showing incremental growth node by node, with new product launches ongoing and focus on margin improvement (Rahul Sahai and Sachin Kejriwal, Pages 15 and 16).
  • Industrial business optimistic for continued momentum across Defense, Railways, Construction, and Mining segments (Gauri Kirloskar, Pages 9 and 19).

2 more points from Kirloskar Oil's call on revenue

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Profitability & Margins

See what Kirloskar Oil said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • It highlights strategic investments in business restructuring, such as the consolidation of B2C businesses for efficiency.
  • There is a focus on product portfolio expansion, especially in high horsepower (HHP) engines and new product launches, implying potential ongoing investment in R&D and product development.
  • The company is investing in building presence in the North American market, which involves costs related to distribution, certifications, and product readiness, indicating medium to long-term strategic investments.
  • Investment is also evident in the NBFC business, Arka, including branch network expansion (85 branches in six months) and technology/buildout for retail financing.

Fundraising & Capital Structure

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Order Book & Pipeline

Relevant insights include: - The Railway business has strong momentum with new product launches like the 400 HP engine for rail maintenance utility track vehicles. - Heavy execution in the Railway segment has recently contributed to higher sales. - The company is executing several high-horsepower (HHP) orders, including 6 megawatt gensets. - There is steady traction in both defense and railway segments with ongoing and emergency procurement orders. - Management highlights large product portfolio presence beyond 500 kV and across almost every market segment.

2 more points from Kirloskar Oil's call on order book

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Kirloskar Oil — Quarterly revenue & net profit

Revenue Net profit
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹2.1K Cr, net profit ₹155 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Kirloskar Oil Engines Ltd's management said in earlier quarters

Others in Industrial Products this season

  • Lead Reclaim and Rubber Products Ltd (Q2 FY26)

    Revenue from Operations for H1 FY26: ₹2,190 lakhs, up 138.04% YoY (from ₹920 lakhs in H1 FY25) (Page 19) . Key investor presentation takeaways from Lead Reclaim

  • Shubhshree Biofuels Energy Ltd (Q2 FY26)

    Revenue from operations for H1 FY26: ₹9,604.6 Lakhs . Key investor presentation takeaways from Shubhshree Biofuels Energy Ltd's Q2 FY26 investor presentation —

  • De Neers Tools Ltd (Q2 FY26)

    H1FY26 Net Sales:** ₹670.4 Mn . Key investor presentation takeaways from De Neers Tools's Q2 FY26 investor presentation — and how it ranks against sector peers.

  • WOL 3D India Ltd (Q2 FY26)

    Revenue from Operations for H1FY26 is Rs 415 Mn, up 82% YoY from Rs 227 Mn in H1FY25 (Page 9, Page 5). Key investor presentation takeaways from WOL 3D India Ltd

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Frequently Asked Questions

What were Kirloskar Oil Q2 FY26 results?

Distribution and Aftermarket business expected to maintain stable double-digit growth with consistent performance (Rahul Sahai, Page 21). The company expects steady and sustainable growth aligned with its 2B2B vision and strategic initiatives outlined in its 5-year plan.

What is Kirloskar Oil share price analysis?

Kirloskar Oil currently shows a neutral. The stock trades at a P/E of 51.8 with a market cap of ₹29,486 Cr. Investors should review the full earnings analysis for detailed insights.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.