Integrated Filing — IndAS



General information about company
Scrip Code 533193
NSE Symbol KECL
MSEI Symbol NOTLISTED
ISIN INE134B01017
Name of company KIRLOSKAR ELECTRIC COMPANY LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Date of board meeting when results were approved 12-Aug-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 05-Aug-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter First quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 12-Aug-2025   13:30:00
End date and time of board meeting 12-Aug-2025   14:55:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable
Whether the company has any related party?
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.
Whether the company is a high value debt listed entity according to regulation 15 (1A)?
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?
Latest Date on which RPT policy is updated
Indicate Company website link for updated RPT policy of the Company
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
The said disclosure is not applicable



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 1322400000
Other income 9600000
Total income 1332000000
2 Expenses
(a) Cost of materials consumed 967100000
(b) Purchases of stock-in-trade 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -15900000
(d) Employee benefit expense 184400000
(e) Finance costs 60700000
(f) Depreciation, depletion and amortisation expense 10700000
(f) Other Expenses
1 Other Expenses 118100000 118100000
Total other expenses 118100000
Total expenses 1325100000
3 Total profit before exceptional items and tax 6900000
4 Exceptional items 0
5 Total profit before tax 6900000
6 Tax expense
7 Current tax 0
8 Deferred tax 0
9 Total tax expenses 0
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0
11 Net Profit Loss for the period from continuing operations 6900000
12 Profit (loss) from discontinued operations before tax 0
13 Tax expense of discontinued operations 0
14 Net profit (loss) from discontinued operation after tax 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0
16 Total profit (loss) for period 6900000
17 Other comprehensive income net of taxes 500000
18 Total Comprehensive Income for the period 7400000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 664141000
Face value of equity share capital 10
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.1
Diluted earnings (loss) per share from continuing operations 0.1
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0
Diluted earnings (loss) per share from discontinued operations 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 0.1
Diluted earnings (loss) per share from continuing and discontinued operations 0.1
24 Debt equity ratio 0
25 Debt service coverage ratio 0
26 Interest service coverage ratio 0
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) 1. The above unaudited standalone and consolidated financial results have been reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on August 12, 2025.tttttttttt n2. The standalone and consolidated financial results of the Company for the quarter ended June 30, 2025 have been subject to limited review by its Statutory auditors.ttttt nttttttt n3. The Company has prepared these Standalone and Consolidated financial results in accordance with Companies Indian Accounting Standard Rules, 2015 as amended as prescribed under Section 133 of the Companies Act, 2013 the Act read with the relevant rules issued thereunder as amended and the other accounting principles generally accepted in India.tttttt nttttttt n4. As a measure of restructuring and with the consent of Lead Bank and other Lender banks under the Joint Lender Forum JLF mechanism, the Company had transferred in the year ended March 31, 2015 certain assets comprising of immovable properties, receivables and inventories to its subsidiaries Kelbuzz Trading Private Limited, SKG Terra Promenade Private Limited and SLPKG Estate Holdings Private Limited, which will function as special purpose vehicles to hold such assets, dispose off the same and pay off certain debts bank dues transferred by the Company. The amounts outstanding and due from the subsidiaries as at June 30, 2025 in respect of the transfer of the assets as mentioned above, other expenses incurred by the subsidiaries reimbursed by the Company and interest charged totally amounts to Rs.11,013.08 lakhs Rs.11,006.09 lakhs as at March 31, 2025 after considering Ind AS adjustments. As on date, the majority of the immovable properties in these subsidiaries have been disposed off and the debts including the interest thereon have been paid. All the Banks Financial liabilities in these subsidiaries have been paid off. However based on Expected credit losses as prescribed under Ind AS as against the incurred loss model envisaged under earlier GAAP, a sum of Rs.9,711.00 lakhs has been provided upto June 30, 2025 Rs.9,711.00 lakhs provided upto March 31, 2025. nThe Board of Directors in its meeting held on May 23, 2024, has approved the merger of its wholly owned subsidiaries Kelbuzz Trading Private Limited, SKG Terra Promenade Private Limited, SLPKG Estate Holdings Private Limited and Luxquisite Parkland Private Limited with the Holding company. The Company has filled the application of Merger with NCLT on October 31, 2024. nOn April 24, 2025 NCLT issued order to send notices to various statutory departments to raise their objection, if any, within 30 days of receipt of notices. Accordingly notices has been sent on May 06, 2025 by the Company. nOn July 25, 2025 NCLT Bengaluru Bench issued direction to Company to send notices via emails to various statutory departments and also to publish notice in news papers to raise their objection, if any, within 30 days of receipt of notices. Next hearing date is September 18, 2025. nttttttt n5. The net worth after excluding revaluation reserve of the group in terms of the consolidated financial statements as at June 30, 2025 consisting of the Company, its subsidiaries and its associate is eroded. The company has repaid all term loans which were restructured under JLF mechanism. Also the company is in advance stage for monetization of its immovable property, situated at Gokul Road, Hubballi refer note 7 and 8 which will improve the working capital and in turn improve the performance in the forthcoming periods. The company is confident that this funding will have a positive impact on the performance and net worth. Accordingly your directors have prepared these financial results of the company on the basis that it is a going concern and that no adjustments are considered necessary to the carrying value of assets and liabilities.t nttttttt n6. The Company has filed before the honorable Supreme Court, special leave petition SLP in respect of resale tax penalty demand of Rs.527 lakhs on its erstwhile subsidiary Kaytee Switchgear Limited since merged with the parent company and confirmed by the honorable High Court of Karnataka. This SLP has been admitted by the honorable Supreme Court. The Company believes based on legal advice / internal assessment that the outcome of the contingency will be favorable, that loss is not probable and no provision is required to be recognized in this respect.tttttt n n7. On October 03, 2022, the Company has entered into an Agreement to Sell ATS a part of its immovable property, situated at Gokul Road, Hubballi admeasuring 31 Acres 24 Guntas for a consideration of Rs.9,512 lakhs, on such terms and conditions as set out in the ATS. nAs per the ATS, permission for Change of land use was to be obtained by the Company from the concerned authorities. Accordingly, the Company had filed an application with Hubli Dharwad Urban Development Authority HUDA for change of Land use. The HUDA had directed the Company to submit PT Sheet and 11e Sketch issued by the Survey department. After submission and numerous followups with the concerned authorities, as there was delay in completing the required process by these authorities, the Company approached the Honourable High Court of Karnataka, Dharwad Bench for relief and has obtained necessary directions which is imparted to the Survey department. Accordingly, the PT sheet has been arranged and the file is with HUDA to complete the change of land use procedure. nOn August 03, 2024, HUDA has recommended the Company's application for change of land use to Commissioner Urban Development and Authority and Urban and Rural Planning Commission for their approval. nThe Company will complete the Sale process on receipt of the final approval.ttttttttttttt n8. On March 20, 2024 the Company has entered into an Agreement to Sell part of its immovable property, situated at Gokul Road, Hubbali, admeasuring 1.06 acre equivalent for a consideration of Rs. 300 lakhs. on such terms and conditions as set out in the Agreement to sell. Currently the Company is in the process of completing the required legal compliance, post which the sale will be completed.ttttttttttt n9. Exceptional Items includes write back off inter corporate deposit and interest there on pertaining to Laburnum Chemicals Private Limited. tttttt nttttttt n10. During the quarter ended September 30, 2024, the Company has enterd into a settlement agreement with the insolvency administrator of Lloyd Dynamowerke Gmbh and Co. KG LDW and agreed to pay Euro 1.25 lakhs towards settlement. On receipt of settlement amount by the insolvency administrator, it is mutually agreed to waive all rights and claims against each other, whether known or unknown. The same has been settledtttttttttttt n11. Details of Secured Redeemable NonConvertible Debentures NILtttttttt n12. Previous period figures have been regrouped wherever necessary to confirm with the current period presentation.tttttt nttttttt n13. The figures for the quarter ended March 31, 2025 are the balancing figures between the audited figures in respect of the full year ended March 31, 2025 and published figures of unaudited figures for the nine months ended December 31, 2024. n



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2025
Date of end of reporting period 30-Jun-2025
Whether accounts are audited or unaudited Unaudited
Nature of report standalone or consolidated Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Power generation/ distribution 720700000 720700000
2 Rotating machines 594400000 594400000
3 Others 16900000 16900000
Total Segment Revenue 1332000000
Less: Inter segment revenue 9600000 9600000
Revenue from operations 1322400000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Power generation/ distribution 91700000 91700000
2 Rotating machines 35800000 35800000
3 Others 7100000 7100000
Total Profit before tax 134600000
i. Finance cost 60700000 60700000
ii. Other Unallocable Expenditure net off Unallocable income 67000000 67000000
Profit before tax 6900000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Power generation/ distribution 1011800000 1011800000
2 Rotating machines 3792300000 3792300000
3 Others 857700000 857700000
Total Segment Asset 5661800000 5661800000
Un-allocable Assets 592400000 592400000
Net Segment Asset 6254200000 6254200000
4 Segment Liabilities
Segment Liabilities
1 Power generation/ distribution 1154000000 1154000000
2 Rotating machines 1374300000 1374300000
3 Others 80700000 80700000
Total Segment Liabilities 2609000000 2609000000
Un-allocable Liabilities 2124600000 2124600000
Net Segment Liabilities 4733600000 4733600000
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 a) Remeasurements of the defined benefit plans 0 0
Total Amount of items that will not be reclassified to profit and loss 0
2 Income tax relating to items that will not be reclassified to profit or loss 0
3 Amount of items that will be reclassified to profit and loss
1 a) Mark to Market of Investments 600000 600000
2 b) Revaluation gain on land 0 0
Total Amount of items that will be reclassified to profit and loss 600000
4 Income tax relating to items that will be reclassified to profit or loss 100000
5 Total Other comprehensive income 500000