Order Book
₹1,863 Cr
+15% YoY
Unexecuted order book as of April 1, 2026, up from ₹1,624 Cr a year ago.
KIRLOSKARPNEUMATIC
Other
2026-04-??
Kirloskar Pneumatic Company Ltd — Q4 FY26
Kirloskar Pneumatic delivered a strong Q4 FY26 with revenue of ₹706 crore (+21% YoY) and EBITDA margin of 21.7% (+270 bps YoY), driven by favorable product mix, backward integration, and disciplined order selection.
✓ Verified against BSE filing
2-Min Summary
✦ AI-Generated from Full Transcript
Kirloskar Pneumatic delivered a strong Q4 FY26 with revenue of ₹706 crore (+21% YoY) and EBITDA margin of 21.7% (+270 bps YoY), driven by favorable product mix, backward integration, and disciplined order selection. Full-year PAT grew 22% to ₹258 crore. The order book stands at ₹1,863 crore (+15% YoY), with ~₹1,300 crore executable within the year. Management guided for sustainable EBITDA margins of 18-20% and reiterated a 20%+ revenue growth target. New products (Tescatly Poka, Kon, Hydrino, Zephros) are gaining traction, and the precision engineering division contributed meaningfully. Risks include geopolitical uncertainty in the Middle East impacting gas package orders and potential margin normalization from exceptional Q4 levels.
Key Numbers
Tescatly Poka Centrifugal Units in Field
130
+85 commissioned
85 out of 130 machines commissioned; gaining market share in metals, power, and new sectors.
IP Filings (FY26)
57
Highest ever
Total IP filings reached 128; company recognized as top 30 IP-driven organization by CII.
Export Share
6%
Flat
Export sales remain a small portion; Middle East exposure limited but long-term opportunity seen.
Management Guidance
Revenue growth target of 20%+
Management targets 20%+ revenue growth for FY27, supported by strong order book and new product ramp-up.
Management guidance growthSustainable EBITDA margin of 18-20%
Despite Q4 margin of 21.7%, management guides for 18-20% EBITDA margin as sustainable, cautioning that FY26 was exceptional.
Management guidance marginsZephros AC package commercialization in Q1 FY27
Zephros air conditioning package will be commercialized in Q1 FY27 after design fine-tuning; targeting small machine shops and restaurants.
Management guidance expansionPrecision engineering division to become reportable from Q1 FY27
The new precision engineering division will be a reportable segment from Q1 FY27, with several orders in execution.
Management guidance otherKey Risks
Geopolitical uncertainty in Middle East
Ongoing geopolitical tensions in the Middle East are delaying package orders and new bookings in that region, though long-term demand may rise.
medium · management_commentaryMargin normalization from exceptional Q4 levels
Q4 EBITDA margin of 21.7% is considered exceptional; management expects margins to revert to 18-20% range, which could disappoint if growth slows.
medium · management_commentarySustainability of precision engineering orders
Management is opaque about the precision engineering division's order book, noting it may be one-time in nature and not sustainable.
medium · analyst_questionExecution risk on large packages
Large package orders have longer execution cycles and are subject to delays, as seen in past quarters; any slowdown could impact revenue recognition.
low · data_observationNotable Quotes
We would like to caution that this year would be a bit of an exception, a margin expectation of 18 to 20% EBITDA would be more sustainable.
Our in-house capabilities which allowed us to offset inflation to some extent and resulted in higher margins.
We are confident in achieving our growth objective of 20% plus.
Frequently Asked Questions
What was Kirloskar Pneumatic's revenue in Q4 FY26?
Kirloskar Pneumatic reported revenue of ₹712 Cr in Q4 FY26, representing a +21% change compared to the same quarter last year.
What guidance did Kirloskar Pneumatic management give for FY27?
Revenue growth target of 20%+: Management targets 20%+ revenue growth for FY27, supported by strong order book and new product ramp-up. Sustainable EBITDA margin of 18-20%: Despite Q4 margin of 21.7%, management guides for 18-20% EBITDA margin as sustainable, cautioning that FY26 was exceptional. Zephros AC package commercialization in Q1 FY27: Zephros air conditioning package will be commercialized in Q1 FY27 after design fine-tuning; targeting small machine shops and restaurants. Precision engineering division to become reportable from Q1 FY27: The new precision engineering division will be a reportable segment from Q1 FY27, with several orders in execution.
What are the key risks for Kirloskar Pneumatic in FY27?
Key risks include Geopolitical uncertainty in Middle East — Ongoing geopolitical tensions in the Middle East are delaying package orders and new bookings in that region, though long-term demand may rise.; Margin normalization from exceptional Q4 levels — Q4 EBITDA margin of 21.7% is considered exceptional; management expects margins to revert to 18-20% range, which could disappoint if growth slows.; Sustainability of precision engineering orders — Management is opaque about the precision engineering division's order book, noting it may be one-time in nature and not sustainable.; Execution risk on large packages — Large package orders have longer execution cycles and are subject to delays, as seen in past quarters; any slowdown could impact revenue recognition..
Did Kirloskar Pneumatic meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full Kirloskar Pneumatic Q4 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary verified against official BSE/NSE filings.