New Delhi, Oct 28 (NationPress) The air, refrigeration, and gas compression company Kirloskar Pneumatic Company Ltd announced its consolidated net profit for Q2 FY26 at Rs 43.8 crore, reflecting a significant decrease of approximately 38 percent from Rs 69.1 crore during the same period last year.

This profit decline was attributed to a reduction in revenue from operations, which stood at Rs 378 crore, down from Rs 431 crore in the previous year's quarter, as indicated in the company's exchange filing.

In the wake of this quarterly report, Kirloskar Pneumatic Company's shares fell by 1.4 percent on the NSE, concluding at Rs 1,144.40 per share.

The EBITDA margin has decreased to 17 percent of total income from 23 percent year-over-year, and profit before tax (PBT) dropped to 15 percent of total income compared to 21 percent.

PBT for Q2FY26 was reported at Rs 57 crore, down from Rs 92 crore in Q2FY25.

The basic earnings per share declined to Rs 6.65 from Rs 10.42, according to the report.

The company noted that its sales and profits were adversely affected by a pronounced slowdown in project execution and clearances, which also hindered order finalization.

During this quarter, Kirloskar Pneumatic made strides to commercialize its filed intellectual properties and expand its manufacturing capacity within the sector.

As of October 1, 2025, the order book reached Rs 1,667 crore, up from Rs 1,624 crore at the year's start, with the compression business accounting for approximately 91 percent of the company's revenue for H1 FY26, as per the exchange filing.

The board has approved the submission of a Production Linked Incentive application to venture into commercial air-conditioning with its proprietary Zephyros C system. The project is slated for development within the next 18 months, pending necessary approvals.