Kirloskar Electric reports strong profit growth amid restructuring

Kirloskar Electric Company Limited saw a notable increase in its profit after tax for the quarter ended September 30, 2025, reaching ₹630 lakhs standalone and ₹998 lakhs consolidated. This represents a substantial rise from ₹69 lakhs standalone and ₹42 lakhs consolidated in the preceding quarter. Revenue from operations for the quarter stood at ₹14,211 lakhs on both standalone and consolidated bases.

The company is progressing with its restructuring plan, including the merger of 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, as approved on May 23, 2024. NCLT Bengaluru Bench issued a direction on July 25, 2025, to send notices for public objection.

Additionally, the company has two agreements to sell parts of its immovable property in Hubballi. One agreement, for 31 Acres 24 Guntas, is for a consideration of ₹9,512 lakhs, awaiting final land use approval. The second, for 1.06 acre, is for ₹300 lakhs and is in the process of completing legal compliance. These monetization efforts are expected to improve working capital and net worth.