5331932025-10-012025-12-315331932025-12-315331932025-04-012025-12-315331932025-10-012025-12-31in-capmkt:OtherExpenses1Member5331932025-04-012025-12-31in-capmkt:OtherExpenses1Member5331932025-10-012025-12-31in-capmkt:ReportableSegments1Member5331932025-10-012025-12-31in-capmkt:ReportableSegments2Member5331932025-10-012025-12-31in-capmkt:ReportableSegments3Member5331932025-04-012025-12-31in-capmkt:ReportableSegments1Member5331932025-04-012025-12-31in-capmkt:ReportableSegments2Member5331932025-04-012025-12-31in-capmkt:ReportableSegments3Member5331932025-10-012025-12-31in-capmkt:ReportableSegments1Member5331932025-10-012025-12-31in-capmkt:ReportableSegments2Member5331932025-10-012025-12-31in-capmkt:ReportableSegments3Member5331932025-04-012025-12-31in-capmkt:ReportableSegments1Member5331932025-04-012025-12-31in-capmkt:ReportableSegments2Member5331932025-04-012025-12-31in-capmkt:ReportableSegments3Member5331932025-10-012025-12-31in-capmkt:ReportableSegments1Member5331932025-12-31in-capmkt:ReportableSegments1Member5331932025-10-012025-12-31in-capmkt:ReportableSegments2Member5331932025-12-31in-capmkt:ReportableSegments2Member5331932025-10-012025-12-31in-capmkt:ReportableSegments3Member5331932025-12-31in-capmkt:ReportableSegments3Member5331932025-10-012025-12-31in-capmkt:ReportableSegments1Member5331932025-12-31in-capmkt:ReportableSegments1Member5331932025-10-012025-12-31in-capmkt:ReportableSegments2Member5331932025-12-31in-capmkt:ReportableSegments2Member5331932025-10-012025-12-31in-capmkt:ReportableSegments3Member5331932025-12-31in-capmkt:ReportableSegments3Member5331932025-10-012025-12-31ItemsThatWillBeReclassifiedToProfitAndLoss15331932025-10-012025-12-31ItemsThatWillBeReclassifiedToProfitAndLoss25331932025-10-012025-12-31ItemsThatWillBeReclassifiedToProfitAndLoss35331932025-04-012025-12-31ItemsThatWillBeReclassifiedToProfitAndLoss15331932025-04-012025-12-31ItemsThatWillBeReclassifiedToProfitAndLoss25331932025-04-012025-12-31ItemsThatWillBeReclassifiedToProfitAndLoss3iso4217:INRiso4217:INRxbrli:shares533193KECLNOTLISTEDINE134B01017KIRLOSKAR ELECTRIC COMPANY LIMITEDMain BoardEquity2025-04-012026-03-312026-02-112026-02-05INRLakhsQuarterlyThird quarterMulti segment2026-02-1111:58:002026-02-1112:15:00Not applicable2025-10-012025-12-31UnauditedConsolidated1514200000368000001551000000102180000003340000015450000060300000106000001464000001427000000124000000-8090000043100000210000002100000041000000000041000000-2340000017600000664141000100.620.62000.620.62Notes: <BR> <BR> 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 February 11, 2026. <BR> <BR> 2. The standalone and consolidated financial results of the Company for the quarter and nine months ended December 31, 2025 have been subject to limited review by its statutory auditors. <BR> <BR> 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. <BR> <BR> 4. 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 December 31, 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. 10,617.48 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 December 31, 2025 (Rs. 9,711.00 lakhs provided upto March 31, 2025). <BR> <BR> The 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. <BR> <BR> On 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 have been sent on May 06, 2025 by the Company. <BR> <BR> On July 25, 2025 NCLT Bengaluru Bench issued direction to Company to send notices via e-mails 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. Accordingly Company has sent notices to various statutory departments. Next hearing date is March 02, 2026. <BR> <BR> 5. The net worth (after excluding revaluation reserve) of the group in terms of the consolidated financial statements as at December 31, 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) 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. <BR> <BR> 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. <BR> <BR> 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. <BR> <BR> 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 are 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. <BR> <BR> 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. <BR> <BR> The Company will complete the Sale process on receipt of the final approval. <BR> <BR> 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. <BR> <BR> 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. <BR> <BR> 9. Exceptional Items for the nine months ended December 31, 2024 and year ended March 31, 2025 includes write back off inter corporate deposit and interest there on pertaining to Laburnum Chemicals Private Limited. <BR> <BR> 10. During the quarter ended September 30, 2024, 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 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 settled. <BR> <BR> 11. Other income for the quarter and nine months ended December 31, 2025 includes profit on receipt on full consideration towards 1.06 acres property situated at Gokul road, Hubbali and nine months ended December 31, 2025 in Financial results also includes the profit on sale of properties of the Company situated at Nandidurg Road, Bangalore. <BR> <BR> 12. The Government of India has notified New Labour Codes effective from November 21, 2025, impact of these have been assessed based on legal opinion and 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 and nine months ended December 31, 2025. The Company will continue to monitor the clarifications in this regard and provide necessary accounting effect as and when such clarifications are issued. <BR> <BR> 13. Previous period figures have been regrouped wherever necessary to confirm with the current period presentation. <BR> <BR> 2025-04-012025-12-31UnauditedConsolidated4257700000157300000441500000030337000000-29900000533700000188200000321000004292000004187000000228000000-8090000014710000021000000210000001450000000000145000000-23400000121600000664141000102.182.18002.182.18Other Expenses146400000Other Expenses429200000Power generation/ distribution696900000Rotating machines713900000Others202100000Power generation/ distribution2088300000Rotating machines1990600000Others341000000161290000044199000009870000016220000015142000004257700000Power generation/ distribution79600000Rotating machines49600000Others81600000Power generation/ distribution269500000Rotating machines116700000Others1267000002108000005129000006030000018820000010740000017760000043100000147100000Power generation/ distribution1172600000Rotating machines3945800000Others91260000060310000002739000006304900000Power generation/ distribution1222700000Rotating machines1454700000Others97100000277450000022613000005035800000Mark to Market of Investments0Revaluation gain on land-36600000Taxes on above13200000-23400000Mark to Market of Investments0Revaluation gain on land-36600000Taxes on above13200000-2340000000-23400000-23400000