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 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 26-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 19-05-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 26-05-2026   16:35:00
End date and time of board meeting 26-05-2026   18:40:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS

Amount in (Lakhs)

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 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 16,357.00 58,934.00
Other income 81.00 1,106.00
Total income 16,438.00 60,040.00
2 Expenses
(a) Cost of materials consumed 11,306.00 41,643.00
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (378.00) (677.00)
(d) Employee benefit expense 2,474.00 7,811.00
(e) Finance costs 666.00 2,548.00
(f) Depreciation, depletion and amortisation expense 113.00 434.00
(f) Other Expenses
1 Other Expenses 2,311.00 6,604.00
Total other expenses 2,311.00 6,604.00
Total expenses 16,492.00 58,363.00
3 Total profit before exceptional items and tax (54.00) 1,677.00
4 Exceptional items 0.00 (809.00)
5 Total profit before tax (54.00) 868.00
6 Tax expense
7 Current tax 9.00 30.00
8 Deferred tax 0.00 0.00
9 Total tax expenses 9.00 30.00
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations (63.00) 838.00
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period (63.00) 838.00
17 Other comprehensive income net of taxes 51.00 (183.00)
18 Total Comprehensive Income for the period (12.00) 655.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 0.00 0.00
Total profit or loss, attributable to non-controlling interests 0.00 0.00
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 0.00 0.00
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0.00 0.00
21 Details of equity share capital
Paid-up equity share capital 6,641.41 6,641.41
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 0.00
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -0.09 1.26
Diluted earnings (loss) per share from continuing operations -0.09 1.26
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -0.09 1.26
Diluted earnings (loss) per share from continuing and discontinued operations -0.09 1.26
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) Notes: 1. The above audited standalone and consolidated financial results have been reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on May 26, 2026. 2. The standalone and consolidated financial results of the Company for the quarter and year ended March 31, 2026 have been audited by its Statutory auditors. 3. 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. 4. The Board of Directors in its meeting held on May 23, 2024, has approved for the merger of Company’s wholly owned subsidiaries i.e., 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 filed the application of Merger before Hon’ble National Company Law Tribunal, Bengaluru Bench (“NCLT Bengaluru Bench”) on October 31, 2024. Subsequently the merger was approved and the order was passed on April 30, 2026 by the Hon’ble NCLT Bengaluru Bench. The effective date of Merger is April 1, 2024. Accordingly the effect of merger is given in these financial results. 5. The net worth (after excluding revaluation reserve) of the group in terms of the consolidated financial statements as at March 31, 2026 consisting of the Company, its subsidiary 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) 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. 6. 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. 7. 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. As 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 follow-ups 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. On 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. The Principal Secretary, Urban Development Department refused to pass orders for change of land use from industrial to residential purpose on the ground of alleged violation of the provisions of the Urban Land Ceiling Act, 1976, despite the recommendation of the Hubli-Dharward Urban Development Authority. In view of the same, Company filed writ petition at Dharwad bench High court, Karnataka challenging the actions of the State Government and further sought appropriate directions. The Hon’ble High Court of Karnataka by its order dated February 25, 2026 was pleased to allow the writ petition filed by the Company and directed the Principal Secretary, Urban Development Department to issue necessary orders for change of land use within 4 weeks from the date of receipt of the copy of the order. Pursuant to the said order, the company submitted its representation dated March 09, 2026. Despite a lapse of over a period of 3 months from the date of the order, the Principal Secretary has not issued the order for change of land use. In view of the same, the Company is considering to initiate the next course of action as per the advice of legal counsel. 8. 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. On December 26, 2025 Company has handed over the possession of the scheduled property on receipt of entire sale consideration and executed irrevocable Power of Attorney in favour of purchaser for the purpose of obtaining all permissions and approval from the necessary government authorities and to execute the Sale Deed in favour of the purchaser in as much as it concerns the schedule property as described in the Registered Agreement to sell. 9. Exceptional Items for the year ended March 31, 2025 includes write back off inter corporate deposit and interest there on pertaining to Laburnum Chemicals Private Limited. 10. During the year ended March 31, 2025, the Company has entered into a settlement agreement with the insolvency administrator of Lloyd Dynamowerke Gmbh & Co. KG (LDW) and agreed to pay Euro 1.25 lakhs towards settlement. On payment of settlement amount to the insolvency administrator, it is mutually agreed to waive all rights and claims against each other, whether known or unknown. The same has been settled. 11. Other income for the quarter ended December 31, 2025 and year ended March 31, 2026 includes profit on receipt on full consideration towards 1.06 acres property situated at Gokul road, Hubbali and year ended March 31, 2026 in financial results also includes the profit on sale of properties of the Company situated at Nandidurg Road, Bangalore. 12. The Government of India has notified New Labour Codes effective from November 21, 2025, impact of these have been assessed based on best information available, which has resulted in increase in gratuity and leave liability by Rs.809 lakhs. Considering the materiality and non-recurring nature of this impact, the Company has presented the same under 'Exceptional items' in the unaudited standalone financial results for the quarter ended December 31, 2025 and audited standalone financial results for the year ended March 31, 2026. 13. Details of Secured Redeemable Non-Convertible Debentures – NIL 14. The following have been computed as: a) Paid up debt capital/outstanding debt= Non Current Borrowing, current portion of long term borrowings and current borrowings. b) Debt equity ratio= Aggregate of outstanding debts/Equity attributable to shareholders. c) DSCR= Profit or (Loss) before Depreciation and amortisation expense, finance costs, exceptional items and tax/(Long Term Loan principal repaid+Finance costs-Finance income). d) ISCR= Profit or (Loss) before Depreciation and amortisation expense, finance costs, exceptional items and tax and finance income/Finance costs. e) Fixed asset coverage ratio= Revalued Value of Property, Plant & Equipment and Capital Work in Progress / Long Term Loan. 15. Previous period figures have been regrouped wherever necessary to confirm with the current period presentation. 16. The figures for the quarter ended March 31, 2026 are the balancing figures between the audited figures in respect of the full year ended March 31, 2026 and published figures of unaudited figures for the nine months ended December 31, 2025. (Vijay R Kirloskar) Place: Bengaluru Executive Chairman Date: May 26, 2026 DIN: 00031253



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 43,166.00
Capital work-in-progress 0.00
Investment property 508.00
Goodwill 0.00
Other intangible assets 5.00
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 197.00
Trade receivables, non-current 274.00
Loans, non-current 0.00
Other non-current financial assets
1 Other financial asset 24.00
Total of other non-current financial assets 24.00
Total non-current financial assets 495.00
Deferred tax assets (net) 0.00
Other non-current assets
1 Other non-current assets 1,328.00
Total of other non-current assets 1,328.00
Total non-current assets 45,502.00
2 Current assets
Inventories 5,370.00
Current financial asset
Current investments 0.00
Trade receivables, current 8,362.00
Cash and cash equivalents 1,917.00
Bank balance other than cash and cash equivalents 1,275.00
Loans, current 0.00
Other current financial assets
Total of other current financial assets
Total current financial assets 11,554.00
Current tax assets (net) 0.00
Other current assets
1 Other current assets 897.00
Total of other current assets 897.00
Total current assets 17,821.00
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 63,323.00
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 6,641.00
Other equity 6,541.00
Total equity attributable to owners of parent 13,182.00
Non controlling interest 0.00
Total equity 13,182.00
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 0.00
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities
1 Other financial liabilities 641.00
Total of other non-current financial liabilities 641.00
Total non-current financial liabilities 641.00
Provisions, non-current 3,593.00
Deferred tax liabilities (net) 4,835.00
Deferred government grants, Non-current 0.00
Other non-current liabilities
Total of other non-current liabilities
Total non-current liabilities 9,069.00
Current liabilities
Current financial liabilities
Borrowings, current 10,033.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 1,581.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 16,835.00
Total Trade payable 18,416.00
Other current financial liabilities
Total of other current financial liabilities
Total current financial liabilities 28,449.00
Other current liabilities 10,409.00
1 Other current liabilities 10,409.00
Total of other current liabilities 10,409.00
Provisions, current 2,184.00
Current tax liabilities (Net) 30.00
Deferred government grants, Current 0.00
Total current liabilities 41,072.00
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 50,141.00
Total equity and liabilites 63,323.00
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

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 01-01-2026 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Power generation/ distribution 9,626.00 30,509.00
2 Rotating machines 6,906.00 26,812.00
3 Others 0.00826 4,236.00
Total Segment Revenue 17,358.00 61,557.00
Less: Inter segment revenue 1,002.00 2,624.00
Revenue from operations 16,356.00 58,933.00
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Power generation/ distribution 2,144.00 4,839.00
2 Rotating machines 161.00 1,328.00
3 Others 348.00 1,615.00
Total Profit before tax 2,653.00 7,782.00
i. Finance cost 666.00 2,548.00
ii. Other Unallocable Expenditure net off Unallocable income 2,041.00 4,366.00
Profit before tax (54.00) 868.00
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Power generation/ distribution 12,005.00 12,005.00
2 Rotating machines 37,744.00 37,744.00
3 Others 8,473.00 8,473.00
Total Segment Asset 58,222.00 58,222.00
Un-allocable Assets 5,101.00 5,101.00
Net Segment Asset 63,323.00 63,323.00
4 Segment Liabilities
Segment Liabilities
1 Power generation/ distribution 11,785.00 11,785.00
2 Rotating machines 14,950.00 14,950.00
3 Others 701.00 701.00
Total Segment Liabilities 27,436.00 27,436.00
Un-allocable Liabilities 22,705.00 22,705.00
Net Segment Liabilities 50,141.00 50,141.00
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

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 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
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 79.00 79.00
2 b) Taxes on above (22.00) (22.00)
Total Amount of items that will not be reclassified to profit and loss 57.00 57.00
2 Income tax relating to items that will not be reclassified to profit or loss 0.00 0.00
3 Amount of items that will be reclassified to profit and loss
1 a) Mark to Market of Investments (7.00) (7.00)
2 b) Revaluation gain on land 0.00 (366.00)
3 c) Taxes on above 1.00 133.00
Total Amount of items that will be reclassified to profit and loss (6.00) (240.00)
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 51.00 (183.00)



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 868.00
Adjustments for reconcile profit (loss)
Adjustments for finance costs 2,548.00
Adjustments for decrease (increase) in inventories (832.00)
Adjustments for decrease (increase) in trade receivables, current (2,632.00)
Adjustments for decrease (increase) in trade receivables, non-current (77.00)
Adjustments for decrease (increase) in other current assets 0.00
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current 0.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 592.00
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 1,153.00
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 434.00
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 1,458.00
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 0.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.00
Adjustments for interest income 0.00
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 0.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 2,644.00
Net cash flows from (used in) operations 3,512.00
Dividends received (1.00)
Interest paid 0.00
Interest received (103.00)
Income taxes paid (refund) 93.00
Other inflows (outflows) of cash (773.00)
Net cash flows from (used in) operating activities 2,542.00
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 0.00
Purchase of property, plant and equipment (301.00)
Proceeds from sales of investment property 549.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 777.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 1.00
Interest received 99.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (10.00)
Net cash flows from (used in) investing activities 1,717.00
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 1,000.00
Repayments of borrowings 1,437.00
Payments of lease liabilities 0.00
Dividends paid 0.00
Interest paid 2,447.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (1,141.00)
Net cash flows from (used in) financing activities (4,025.00)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 234.00
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents 234.00
Cash and cash equivalents cash flow statement at beginning of period 1,683.00
Cash and cash equivalents cash flow statement at end of period 1,917.00





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 K N Prabhashankar & Co. Yes 30-11-2027