Kirloskar Oil Engines Limited’s Q4 results

Pune, India May 16, 2025: Kirloskar Oil Engines Limited (KOEL) (BSE: 533293; NSE: KIRLOSENG), a leader

in the manufacturing of internal combustion engines, agricultural equipment, and generator sets with a sizable presence in international markets, announced today its audited financial results for the fourth quarter and the financial year ending March 31, 2025.

Commenting on the results, Gauri Kirloskar, Managing Director, Kirloskar Oil Engines, said ’We are pleased to report a strong quarter and a strong close to the fiscal year. At Q4, we have delivered revenues of Rs 1,401 Crores, that is the highest ever quarterly sales for KOEL while maintaining a healthy margin of 12.1%. Despite the demand correction post the pre-buy and the CPCB4+ transition, our topline for the year grew by 6% to 5,073 Crores, which is our highest ever sales figure. Our margins grew by 111 bps over the previous year. Both the B2B and the B2C side of the business grew, delivering on both topline and margin expectations.

This quarter marks the end of our 2x3y journey. At the beginning of FY 22, we had announced an ambitious plan to grow the company 2 times in 3 years, our 2x3y goal. Against this aspiration that we set out for ourselves, our topline grew 1.6x, our EBITDA grew 2.4x and our Cash from Operations grew 2.6x. We had immense learnings from the last 3 years, not everything went as per our plans, but our teams showed great agility and resilience to deliver great results consistently over 3 years. I am very proud of what we achieved as a team in these 3 years, and this performance gives me confidence as we embark on our next phase of growth, the 2B2B strategy, ie to grow the company to a 2 Billion Dollar organization in the next 5 years.”

The Board of Directors proposed a total dividend of 325% for the fiscal year. This includes a final dividend of 200%, which is Rs. 4.00 per share subject to shareholders’ approval, in addition to the interim dividend of 125% i.e., Rs. 2.50 per share.

Review of Q4 FY 25 Financial Performance (Standalone):

• Net sales at INR 1,401 Cr for Q4 FY 25 vs INR 1,378 Cr for Q4 FY 24; 2% increase Y-o-Y, 21% increase Q-o-Q
• EBITDA° at INR 171 Cr for Q4 FY 25 vs INR 179 Cr for Q4 FY 24; 5% decrease Y-o-Y, 45% increase Q-o-Q
• EBITDA° margin at 1% for Q4 FY 25 vs 12.8% for Q4 FY 24
• Net profit° at INR 106 Cr for Q4 FY 25 vs INR 118 Cr for Q4 FY 24; 10% decrease Y-o-Y, 62% increase Q-o-Q
• Cash and cash equivalents (net of debt) * of INR 448 Cr

* includes treasury investments and excludes unclaimed dividend

Review of Q4 FY 25 Financial Performance (Consolidated):

• Revenue from operations at INR 1,753 Cr for Q4 FY 25 vs INR 1,660 Cr for Q4 FY 24; 6% increase Y-o-Y, 21% increase Q-o-Q
• Net profit° at INR 111 Cr for Q4 FY 25 vs INR 135 Cr for Q4 FY 24; 18% decrease Y-o-Y, 64% increase Q-o-Q

Review of YTD FY 25 Financial Performance (Standalone):

• Net sales at INR 5,073 Cr for YTD FY 25 vs INR 4,806 Cr for YTD FY 24; 6% increase Y-o-Y
• EBITDA° at INR 654 Cr for YTD FY 25 vs INR 567 Cr for YTD FY 24; 15% increase Y-o-Y
• EBITDA° margin at 8% for YTD FY 25 vs 11.7% for YTD FY 24
• Net profit° at INR 416 Cr YTD FY 25 vs INR 362 Cr for YTD FY 24; 15% increase Y-o-Y

Review of YTD FY 25 Financial Performance (Consolidated):

• Revenue from operations at INR 6,349 Cr for YTD FY 25 vs INR 5,898 Cr for YTD FY 24; 8% increase Y-o-Y
• Net profit° at INR 449 Cr for YTD FY 25 vs INR 451 Cr for YTD FY 24; 0.4% decrease Y-o-Y