Kirloskar Industries reported a mixed performance for the December quarter, with profitability under pressure despite steady operating momentum and margin expansion.
The company’s net profit declined 15% year-on-year to ₹20.3 crore in Q3FY26, compared with ₹24 crore in the corresponding quarter last year. Revenue from operations rose marginally by 0.7% YoY to ₹1,624 crore, up from ₹1,613 crore, supported by stable demand across its core businesses.
Operating performance improved during the quarter. EBITDA increased 7.2% YoY to ₹184.5 crore, compared with ₹172 crore a year ago. EBITDA margin expanded to 11.4% from 10.7%, aided by cost control and operating efficiencies.
On the cost front, total expenses stood at ₹1,537.5 crore for the quarter. Cost of materials consumed came in at ₹893.7 crore, while purchases of stock-in-trade were ₹18.8 crore. Inventory changes resulted in a write-down of ₹16.7 crore during the period.
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Employee benefit expenses were ₹97.8 crore, finance costs stood at ₹29.0 crore, and depreciation and amortisation expenses were ₹68.5 crore. Other expenses amounted to ₹446.4 crore.
For the nine months ended December 31, FY26, Kirloskar Industries reported revenue from operations of ₹5,111.3 crore, up from ₹4,860.2 crore in the corresponding period last year.
Shares of Kirloskar were trading 3.4% lower at ₹3,161 on the NSE.
