Kirloskar Industries

The developments most likely to change Kirloskar Industries' growth trajectory sit inside its subsidiaries, with Kirloskar Ferrous Industries Limited's commissioned 69 MW DC solar plant in Jalna, Maharashtra, and its initiated coal mining operations carrying an annual permitted extraction of 1.24 lakh metric tons standing out among them.

Deepak Porayath was appointed CEO of Avante in February, adding strategic leadership to advance the company's real estate vision.

The investment case for Kirloskar Industries rests on margin recovery, since the EBITDA margin contracted in each of the two reported quarters and the case survives only if that contraction stops. In the September quarter the margin narrowed to 11.65 per cent from 13.1 per cent in the year-ago quarter, and the December-quarter margin fell to 10.7 per cent from 14.7 per cent in the prior year's December quarter.

Consolidated net profit for the quarter ended September 2026 (Q2 FY27) declined 3.8 per cent year on year to Rs 51 crore. Revenue from operations in the July-September quarter rose 16.4 per cent to Rs 2,075 crore, against Rs 1,782 crore in the comparable prior-year period. For the third quarter reported on February 10, net profit fell 46.3 per cent to ₹79.5 crore from ₹148 crore in the same quarter of the previous year.

Kirloskar Industries delivers its offering through operations it owns and operates: it generates wind power itself and develops real estate via its wholly owned subsidiary, Avante Spaces Limited. The company also holds securities of group companies and operates commercial rental properties as part of its portfolio.

Avante Spaces Limited is making steady progress on its 1.6 million square foot commercial project in Pune.