Q2 2026 Kirloskar Pneumatic Company Ltd Earnings Call Transcript
Key Points
- Kirloskar Pneumatic Co Ltd (BOM:505283) reported a significant reduction in net working capital to INR202 crore from INR316 crore the previous year, indicating improved receivable management.
- The company successfully launched new products such as the Tezcatlipoca centrifugal compressor and the Tyche semi-hermetic compressors, which have been well-received in the market.
- The company maintained a debt-free status with a net cash and cash equivalent position of INR424 crore as of October 1, 2025.
- The company has finalized a couple of large orders that will utilize its unique manufacturing capabilities, expected to be booked in Q3.
- The subsidiary, Systems and Components, became profitable for the first time in many quarters, indicating potential for future growth.
- Kirloskar Pneumatic Co Ltd (BOM:505283) experienced a challenging quarter with lower order bookings, sales, and profits compared to the previous year.
- Export sales decreased to INR31 crore from INR43 crore in the previous year, reflecting challenges in international markets.
- The company faced execution challenges in both refrigeration and CNG station packages, impacting overall performance.
- The gas compression systems segment has been slowing down, with no expected improvement in the next quarters.
- Profit After Tax (PAT) decreased from INR94 crore in H1 FY25 to INR71 crore in H1 FY26, indicating a decline in profitability.
Ladies and gentlemen, good day, and welcome to Kirloskar Pneumatic Company Limited Q2 FY26 post-earnings conference call hosted by Antique Stock Broking Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Amit Shah from Antique Stock Broking Limited. Thank you, and over to you, Mr. Shah.
Thank you, [Rina]. Good afternoon, everyone. On behalf of Antique Stock Broking Limited, I welcome you all to 2Q FY26 post-earnings conference call of Kirloskar Pneumatic Company Limited. To discuss the result, we have the senior management team of the company represented by Mr. K. Srinivasan, Managing Director of the company; and Mr. Ramesh Birajdar, Chief Financial Officer of the company.
I would request Mr. Srinivasan to give us the opening remarks, post which we can open the floor for Q&A. Over to you, sir.
Thank you,
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