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1. The Company has incorporated Kirloskar Advanced Systems Private Limited as a wholly owned subsidiary company w.e.f. 30th March 2026. The Board of Directors of the Company had decided to keep the initial investment upto Rs. 9 Crores. Accordingly, during the quarter ended 30th June 2026, the Company has invested Rs. 9 Crores towards initial subscription of equity share capital of Kirloskar Advanced Systems Private Limited. 2. The Board of Directors of the Company in its meeting held on 11th February 2026, had given its consent for further investment in 3,200 equity shares of AED 1,000 per share (i.e. approx Rs. 8 Crores) of Kirloskar International ME FZE (hereinafter referred as 'KIME'), UAE, a wholly owned subsidiary of the Company. Accordingly on 30th June 2026, the Company made payment of consideration of AED 3.20 million (i.e. Rs. 8.28 Crores) to KIME. 3. The consolidated financial results for the quarter and year ended 31st March 2026 included the impact of exceptional items amounting to Rs. 9.44 Crores and Rs. 32.45 Crores, respectively, pertaining to incremental impact on account of the New Labour Codes. 4.During the quarter ended 30th June 2025, KOEL Fluid Dynamics Private Limited (KFD) (formerly known as La-Gajjar Machineries Private Limited transferred its ‘Cables, Wires & Pipes business’ (undertaking) by way of slump sale on a going concern basis at an aggregate consideration of Rs. 10.70 Crores subject to closing adjustments by executing Business Transfer Agreement (BTA) on 30th June 2025 (Closing date) between KFD and the Buyer i.e Vira Logistics and accordingly the 'Cables, Wires & Pipes business’ of KFD was transferred to the Buyer w.e.f. Closing date. 5. The Board of Directors of the Company in its meeting held on 10th October 2025 approved the transfer of the Company's Business to Customer (“B2C”) business segment i.e. Water Management Solutions (“WMS”) – Domestic & Exports Business by way of slump sale as a going concern to its wholly owned subsidiary, 'KOEL Fluid Dynamics Private Limited' (KFD) (formerly known as La-Gajjar Machineries Private Limited (LGM)). The aforesaid B2C business segment of the Company was transferred to KFD (LGM) with effect from 11th October 2025. The consideration was in the form of issuance and allotment of 10,65,150 equity shares of KFD (LGM) having face value of Rs. 10/- each to the Company, on a private placement basis, on terms as set out in the Business Transfer Agreement. Since this transaction was between the Company and its wholly owned subsidiary company, there is no impact on the consolidated financial results. 5. The Nomination and Remuneration Committee (NRC) of the Board of Directors of the Company in its meeting held on 14th May 2026 has approved the grant of 2,40,000 employee stock options to the employees of the Company in terms of ‘Kirloskar Oil Engines Limited – Employee Stock Option Plan 2019 (“KOEL ESOP 2019”) and the special resolutions passed by the Members of the Company at the Annual General Meeting held on 9th August 2019 and 12th August 2021. Of the above, 36,108 options have been voluntarily surrendered by an employee and subsequently cancelled by the NRC in its meeting held on 6th August 2026. 6. During the quarter ended 30th June 2026, the Company has allotted 20,735 fully paid-up equity shares of Rs. 2/- each to the option grantees upon exercise of Employee Stock Options pursuant to ‘Kirloskar Oil Engines Limited – Employee Stock Option Plan 2019' ('KOEL ESOP 2019'). Consequent to aforesaid allotment, the paid-up equity share capital of the Company has increased from 14,53,59,209 fully paid-up equity shares of Rs. 2/- each to 14,53,79,944 fully paid-up equity shares of Rs. 2/- each 7.The consolidated financials results includes the results of the following subsidiaries :- i) KOEL Fluid Dynamics Private Limited (KFD) (formerly known as La-Gajjar Machineries Private Limited (LGM), wholly owned subsidiary of the Company [name change w.e.f. 8th January 2026]. ii) Arka Financial Holdings Private Limited (AFHPL), wholly owned subsidiary of the Company. iii) Kirloskar Americas Corporation (KAC) wholly owned subsidiary of the Company. iv) Kirloskar International ME FZE (KIME), wholly owned subsidiary of the Company. v) Arka Fincap Limited (AFL), subsidiary of AFHPL and step-down subsidiary of the Company. vi) Arka Investment Advisory Services Private Limited (AIASPL) ,wholly owned subsidiary of AFHPL and step-down subsidiary of the Company. vii) Engines LPG, LLC doing business as Wildcat Power Gen (Engines LPG LLC), subsidiary of KAC and step-down subsidiary of the Company. viii) Kirloskar Advanced Systems Private Limited (KASPL), wholly owned subsidiary of the Company w.e.f. 30th March 2026. 8.The figures for the quarter ended 31st March 2026 are balancing figures between audited figures in respect of full financial year ended 31st March 2026 and the published year to date figures upto the third quarter ended 31st December 2025 which were subjected to Limited Review by the Statutory Auditors of the Company. 9. The figures for the previous periods have been regrouped wherever required to make them comparable with those of the current period. The impact of such regroupings is not material to the consolidated financial results. 10.The above consolidated financial results for the quarter ended 30th June 2026 are reviewed and recommended by the Audit Committee and approved by the Board of Directors of the Company in their respective meetings held on 6th August 2026 and are subjected to Limited Review by the Statutory Auditors of the Company. 11.Notes related to results (specifically profit and loss) : 1. Amounts reported in Other Expenses as Expenses capitalised is a separate line item in published results, however as there is no separate placeholder in XBRL hence it is been shown under Total Other Expenses. |
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1. The Group (the Company and its subsidiaries) operates in the business of manufacturing of Engines and Pumps wherein two customer based reportable segments had been identified namely - Business to Business (B2B) and Business to Customer (B2C). However, as per para 4 of Ind AS 108 “Operating Segments”, Kirloskar Oil Engines Limited (the Company) is required to disclose segment information only in the Consolidated Financial Results. At consolidated level, the Group has identified three operating reportable segments namely B2B, B2C and Financial Services. The identification of operating segments is consistent with performance assessment and resource allocation by the management. The Consolidated Statement of Segment wise Revenue, Results, Assets and Liabilities are as under : 2.'As per Ind AS 108 Operating Segments, the Group has reported 'Segment information' as described below:- A) Business to Business (B2B) - This segment comprises of production, sales and services of Engines, Gensets, Electric Motors, spares parts of these products and oils, Farm Machines like power tillers, power weeders etc. B) Business to Customers (B2C) - This segment comprises of production, assembly, sales and services of Diesel or Electric operated Pumps & pumpsets, accessories and allied products 'C) Financial Services - This segment includes operations of rendering financial services through wholly owned Non-Banking Financial Company (NBFC) subsidiary Arka Financial Holdings Private Limited, NBFC step-down subsidiary Arka Fincap Limited and a step-down subsidiary Arka Investment Advisory Services Private Limited respectively. D) Unallocable - Unallocable comprises of assets, liabilities, revenue and expenses which are not directly related with any of the operating segments. 3.Explanatory notes for numbers reported in XBRL : i) The profit for Financial Services segment reported under Segment Results is before tax after interest and after exceptional items. The Finance Costs under Segment Results includes finance cost other than the interest pertaining to the Financial Services segment iii). The disaggregation of finance cost for current quarter is as below: Financial services :- 111.59 Crore Other than Financial services:- 4.37 Crore |