Kirloskar Brothers Ltd. — Interim / Quarterly Report 2024

Feb 15, 2024

KIRLOSKAR BROTHERS LIMITED

I Enriching Lives

A Kirloskar Group Company

SEC/ F:23

February 15, 2024

BSE Limited

Corporate Relationship Department, 2[nd] Floor, New Trading Ring, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400 001.

[th] Floor, Exchange Plaza,

(BSE Scrip Code – 500241)

(NSE Symbol – KIRLOSBROS)

Dear Sir/Madam,

• Sub: Newspaper advertisement- Unaudited Financial Results for the quarter and nine months ended on December 31, 2023

• Ref: Regulation 47 (1) (b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

In terms of the above referred Regulations, please find herewith the copies of the newspaper advertisement of the Unaudited Financial Results for the quarter and nine months ended on December 31, 2023 published in Financial Express (English) and Loksatta (Marathi) on February 15, 2024, both papers having electronic edition.

The same is also available on website of the Company at www.kirloskarpumps.com.

Kindly take the same on your records.

Thanking you,

Yours faithfully,

For KIRLOSKAR BROTHERS LIMITED

DEVANG BHARATKUM Digitally signed by DEVANG BHARATKUMAR TRIVEDI Date: 2024.02.15 15:44:35 +05'30' AR TRIVEDI

Devang Trivedi Company Secretary

Encl: As Above.

Registered OIfce & Global eacquarers. "Yamuna". Survey No. 98/(3 t07), Flot N o. 3 . Baner, Fune - 411 045. Maharashtra, /ncia. Email marketing@kbl.co.in Website: www.kirloskarpumps.com Tel: +91 20 2721 4444, 6721 4444 Fax +91 20 6721 1060 CIN No: L29113FN1920PLC000670

WWW.FINANCIALEXPRESS.COM

THURSDAY, FEBRUARY 15, 2024 ECONOMY 10

FINANCIAL exeRess

KIRLOSKAR BROTHERS LIMITED A rl rou n Ki oskar G p Compa y Registered Office: Yamuna, S. No. 98 (3 t0 7), Plot No. 3, Baner, Pune - 4 1 1 045 CIN No.: L291 13PN1920PLC0 70

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Enriching Lives

Statement of Unaudited (Standalone and Consolidated) Financial Results for the Quarter and Nine Months ended 31 December 2023

									(Rupees inMillion)	(Rupees inMillion)
			Standalone				Consoldated
Sr. No.	Parculars	Quarer 31.122023	Ended 31.12.2022	Nine Monsvar Ended Ended 31.12.202331.03.202		Quarer 31.12.2023	Ended 31.12.202		NineMons Ended 31.12.2023	Year Ended 31.03202
		Unaudited	Unaudited	Unaudited	Audited	Unaudited	Unaudited		Unaudited	Audited
1	TotaincomelomOpratons	6,42	6,158	18,393	25729	9,793	9616		27,997	37.575
2	NetProfit /(Loss) fortheprod (beforeTx,	623	67	1,570	2,212	1,124	1,236		2,748	3.23
	Exceptona and Extraordnaitems )
3	NetProfit/(Ls)forthe pero beforeTx	623	594	1,570	2073	1,143	1,194		2,816	3,181
	(afer Excptionaland Exraordinaritems )
4	NetProft/ (Los)forte perioaferTx	456	445	1,14	1.526	824		889	1,968	2.38
	(aferEcptiona and Exraordinaritems)
5	TtaCompreensiveincme forteperiod	421	47	1,043	1.51	952	1,067		1,993	2.511
	[Comprsing Proft/(Loss)forte perod
	(afertax) andOther ComprehensiveIncome
	(afertax)]
6	EquitShareCapita	159	159	159	159	159		159	159	159
7	Reres excudingHevaluationReseres as perAudtedBaance Seetofprevious	..	-	-	12.358	--		..	-·	13,81
	accountng year
8	Ear gsPerShae (FaceVaueofRs.2
	eac) (from continuing operations)(not
	annualized)
	(a)Basic	5.74	5.60	14.41	19.22	10.31	1	1 . 1 6	24.67	2959
	(b)Diluted	5.74	5.60	14.41	192	10.31	11.16		24.67	2959

Notes:

• 1 Th is an ract of the detailed format of nan Stock under R ul n 33 of the i e above ext Quarterly Fi cial Results filed with the Exchanges eg atio SEBI (Listing Obl gations

• and Disclosure Requirements) Regulations, 2015. The full format of the Quarterly Financial Results and Explanatory Notes are available on the Stock Exchange websites at www.nseindia.com and www.bseindia.com and on the Company's website at w .kirloskarpumps.com.

• 2 The above results have b n reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 13 February 2024 and 14 February 2024.

• 3 Exceptional items for quarter ended and nine months ended 31 December 2023 in consolidated results, represent net credit amount of reversal of project related provisions and credit on sales tax related provisions of earlier period in respect of Company's subsidiary 'Karad Projects And Motors Limited.'

• 4 Company had made a provision of Rs. 53 million during the quarter ended 31 December 2022 (cumulatively Rs. 139 million during 9 months ended 31 December 2022 towards t of nvestment in ubsidi viz. l ur i This was considered ) impairmen its i the s ary company 'The Ko hap Steel Lim ted'. as an exceptional

• item in standalone results of respective periods.

• 5 The Com n 's subsidiar 'The ur Ste Lim ' L had aid Rs. 42 mil on to Governme of Mahar h er Co ector order dat 19 ober pa y y Kolhap el ited {TKS ) p li nt as tra as p ll ed Oct

• 2022 towards change in usage of part of the land owned by it. This was considered as an exceptional item during the quarter ended 31 December 2022 in consolidated results.

• 6 During the quarter ended 31 December 2022, one sales order of the Company had crossed the threshold for recognition of revenue as per accounting standards/ rules fo owed consistently. Consequently, there was a favourable impact of Rs. 313 million on the revenue and profit before tax during the quarter and nine months ended 31 December 2022.

• This has resulted in moderating the growth and profit for the quarter and nine months ended 31 December 2023. Excluding the impact of this "one off, the sales and profit before tax after exceptional items would have risen by 1 1% and 122% in 3 and by 6% and 128% in nine months, respectively at standalone level and 4% and 30% in 03 and by 8% and 82% in nine months, respectively at consolidated level.

• 7 or riods have n r ied r n wi u Figures t earlier pe bee egrouped/ reclassif whereve ecessary to make them comparable th current period's fig re.

Date : 14 February 2024 Place : Pune

For KIRLOSKAR BROTHERS LIMITED Sd!­ SANJAY KIRLOSKAR CHAIRMAN AND MANAGING DIRECTOR DIN : 00007885

• Tel: +91 20 6721 4444

• Email: secretarial@kbl.co.in • Website: w kirloskarpumps.com

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.. Pune

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KIRLOSKAR BROTHERS LIMITED

A Kirloskar Group Company

Registered Office: Yamuna, S. No. 98 (3 t0 7), Plot No. 3, Baner, Pune · 411 045 CIN NO. L291 13PN1920PLC000670

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Enriching Lives

Statement of Unaudited (Standalone and Consolidated) Financial Results for the Quarter and Nine Months ended 31 December 2023

(Rup s in Million)

			Standalone	Standalone			Consolidated	Consolidated
Sr. No.	Pariculars	Quarer 31.12.2023	Ended 31.12.2022	Nine Month Ended 31.12.2023	Year Ended 31.032023	Quarer 31.12.2023	Ended 31.12.2022	Nine Months Ended 31.12.2023	YearEnded 3102023
		Unaudited	Unaudted	Unaudited	Audited	Unaudited	Unaudite	Unaudited	Audite
1	Totalincomefrom Operations	6,482	6,15	18,393	25,729	9,793	9,616	27,997	37,575
2	Net Profit/(Lss)for the prod(beforeTx,	623	67	1,570	2212	1,124	1,23	2,748	3223
	Eceptiona and Exraordinar items)
3	NetProft/(Lss) for theperio bforeTx	623	59	1,570	2073	1,143	1,19	2,816	3,181
	(aferExceptonal and Eraordinaritems)
4	Net Proft/(Loss)for te prod aferTx	456	445	1,144	1,526	824	89	1,96	2,358
	(aferExceptional and Eraordinar items )
5	TotalComprehensive incomefor theperio	421	437	1,03	1,501	952	1,07	1,993	2,511
	[Comprsng Proft/(Lss) for te pero
	(aferta) and Other Comprehensive Income
	(afer ta)]
6	Equit Share Capta	159	159	159	159	159	159	159	159
7	Reseres excluding Revaluation Reseres as perAudted Balance Sheet of previous	..	..	..	12,358	..	..	..	13881
	accounting year
8	Earnings Per Share(Face Value of Rs.2­
	each) (from continuing operations) (not
	annuaized)
	(a) Basc	5.74	5.6	14.41	19.22	1031	11.16	24.67	29.59
	(b) Dluted	5.74	56	14.41	1922	1031	11.16	24.67	29.59

Notes:

• 1 The above is an extract of the detailed format of Quarterly Financial Results filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The full format of the Quarterly Financial Results and Explanatory Notes are available on the Stock Exchange websites at www.nseindia.com and www.bseindia.com and on the Company's website at www.kirloskarpumps.com.

• 2 The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 13 February 2024 and 14 February 2024.

• 3 Exceptional items for quarter ended and nine months ended 31 December 2023 in consolidated results, represent net credit amount of reversal of project related provisions and credit on sales tax related provisions of earlier period in respect of Company's subsidiary 'Karad Projects And Motors Limited.'

• 4 Company had made a provision of Rs. 53 million during the quarter ended 31 December 2022 (cumulatively Rs. 139 million during 9 months ended 31 December 2022) towards impairment of its investment in the subsidiary company viz. 'The Kolhapur Steel Limited' This was considered as an exceptional item in standalone results of respective periods.

• 5 The Company's subsidiary The Kolhapur Steel Limited' (TKSL) had paid Rs. 42 million to Government of Maharashtra as per Collector order dated 19 October 2022 towards change in usage of part of the land owned by it. This was considered as an exceptional item during the quarter ended 31 December 2022 in consolidated results.

• 6 During the quarter ended 31 December 2022, one sales order of the Company had crossed the threshold for recognition of revenue as per accounting standards/ rules followed consistently. Consequently, there was a favourable impact of Rs. 313 million on the revenue and profit before tax during the quarter and nine months ended 31 December 2022.

• This has resulted in moderating the growth and profit for the quarter and nine months ended 31 December 2023. Excluding the impact of this one off", the sales and profit before tax after exceptional items would have risen by 11% and 122% in 03 and by 6% and 128% in nine months, respectively at standalone level and 4% and 30% in Q3 and by 8% and 82% in nine months, respectively at consolidated level.

• 7 Figures for earlier periods have been regrouped/ reclassified wherever necessary to make them comparable with current period's figure.

For KIRLOSKAR BROTHERS LIMITED

Date : 14 February 2024 Place : Pune

Sad/­ SANJAY KIRLOSKAR CHAIRMAN AND MANAGING DIRECTOR DIN : 00007885

• Tel: +91 20 6721 4444

• Email: secretarial@kbl.co.in • Website: www.kirloskarpumps.con

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