Analysts/Institutional Investor Meet/Con. Call Updates

1eJrlos1ear Pneumatic Ref.: SEC&LEG/718 November 3, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C -1, Block G, Dalal Street, Bandra-Kurla Complex, Sandra (E), Mumbai 400 001 Mumbai 400 051. Scrip Code - 505283 NSE Symbol: KIRLPNU Dear Sir/ Madam, Sub.: Transcript of the Conference Call Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in continuation of earlier communication vide letter SEC&LEG/691 dated October 22, 2026; we inform that the Conference Call for Investors and Analysts was held on Tuesday, October 27, 2026 at 4:00 p.m. (1ST) to discuss on the unaudited financial results of the Company for the quarter ended September 30, 2026. The Transcript of the Conference Call is enclosed and is available on the website of the Company viz. www.kirloskarpneumatic.com You are requested to take the same on record. Thanking you, Yours faithfully, For Kirloskar Pneumatic Company Limited Jitendra R. Shah Company Secretary Membership No.17243 Encl: As above Kirloskar Pneumatic Company Limited A Kirloskar Group Company Regd. Office: Plot No.1, Hadapsar Industrial Estate, Hadapsar, Pune, Maharashtra 411013 Tel: +91 (20) 26727000 Fax:+91(20)26870297 Email: sec@kirloskar.comIWebsite:www.kirloskarpneumatic.com CIN:L2912DPN1974PLC110307 1< ·r10s1<ar Pneumatic “Kirloskar Pneumatic Company Limited Q2 FY27 Earnings Conference Call” October 27, 2026 acJrlosacar Pneumatic ANTIQUE MANAGEMENT: MR. AMAN KIRLOSKAR – MANAGING DIRECTOR – KIRLOSKAR PNEUMATIC COMPANY LIMITED MR. RAMESH BIRAJDAR – CHIEF FINANCIAL OFFICER – KIRLOSKAR PNEUMATIC COMPANY LIMITED MR. JITENDRA SHAH – COMPANY SECRETARY – KIRLOSKAR PNEUMATIC COMPANY LIMITED MODERATOR: MR. SANJEEV ZARBADE – ANTIQUE STOCK BROKING LIMITED Page 1 of 14 1<; r10s1ear Kirloskar Pneumatic Company Limited October 27, 2026 Pneumatic Moderator: Ladies and gentlemen, good day, and welcome to Kirloskar Pneumatic Company Limited Q2 FY27 Earnings Conference Call hosted by Antique Stock Broking Limited. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touch-tone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Sanjeev from Antique Stock Broking. Thank you, and over to you, sir. Sanjeev Zarbade: Thank you, operator. Good evening. On behalf of Antique Stock Broking, I welcome you all to 2Q FY27 Earnings Conference Call of Kirloskar Pneumatic Company Limited. I'm pleased to have with us today Mr. Aman Kirloskar, Managing Director; and Mr. Ramesh Birajdar, the Chief Financial Officer. So without much ado, may I now invite Mr. Aman Kirloskar to discuss the results, post which we can take the Q&A. So over to you, Aman. Thank you. Aman Kirloskar: Yes. Thank you. Good evening. Thank you all for joining the call today. I have with me Mr. Ramesh Birajdar, Chief Financial Officer; and Mr. Jitendra Shah, Company Secretary. Before proceeding with the business updates, I kindly ask Mr. Jitendra Shah, our Company Secretary, to read out the disclaimer statement. Jitendra Shah: Thank you, sir. The presentation uploaded on the website of the company and discussion on the financial results during the earnings call may contain statements relating to future business developments and economic performance that could constitute forward-looking statements. While these forward-looking statements represent the company's judgments and future expectations, a number of factors could cause actual developments and results to differ materially from expectations. The company undertakes no obligation to publicly revise any forward-looking statements to reflect future events or circumstances. Further, investors are requested to exercise their own judgments in assessing various risks associated with the company and also the effectiveness of the measures taken by the company in tackling them as indicated during the discussions. Thank you, sir. Aman Kirloskar: Thanks, Jitendra. I will proceed with the business updates. Q2 was a challenging quarter on all fronts, order booking, sales and execution, making it a rather poor first half of the financial year. For the second time in 2 years, our sales are lower than the corresponding period last year. Sales in the first half were INR624 crores as against INR650 crores last year. The challenges came from delayed package shipments to the Middle East as well as delays in the execution of our dispatches from the Precision Engineering Division. Page 2 of 14 1<; r10s1ear Kirloskar Pneumatic Company Limited October 27, 2026 Pneumatic With no large domestic package dispatches scheduled this quarter, our performance rested largely on the equipment business. Order booking for large package orders have yet to pick up steam, though as we speak, some large packages are coming close to finalization. On a positive note, export sales have dramatically increased from INR31 crores last year to INR64 crores in the first half. We have seen moderate growth in order booking in this quarter, which is largely attributable to renewed demand coming from the CNG markets, and we expect this year to be a good one for this segment after a few years of fairly stagnant demand. We have also booked significant orders for our refrigeration equipment coming from the food processing space. Our focus on innovation continues. We filed more than 65 IP applications in the first half of FY27. While there were no new product launches this quarter, we are developing several new technologies and extending the range of recently launched products such as Khione and Tyche. Our subsidiary, Systems and Components had a muted half on the sales side with revenues of INR9 crores. However, its order book has grown from INR4.1 crores at the start of the year to INR22 crores today, which gives us confidence in its growth over the coming quarters. Now I will come to the individual businesses. Starting with the air compressor segment. This segment has had several bright spots this year. We have been seeing some good growth in segments like diesel portables and PET bottling compressors, which we have re-entered after a long time. These are in addition to some segments where we have traditionally been strong, such as CO2, cement, etc. We are also seeing traction in syngas compressors and have booked a few orders for these as well. Additionally, our newly launched Hydrino is seeing good traction in the pharmaceutical space. Coming to refrigeration. Like last year, our packaging business remains slow in the first half, while demand from food processing and cold storage has been quite strong. We've booked orders across all 3 product lines, Khione, KC/KCX and Tyche. Our ammonia reciprocating compressors remain the dominant machine in this space and saw strong traction this year as well. This was largely driven by the food processing industry. We are also continuing to build out the Zephyros range, and we have successfully commercialized it this quarter. Coming to process gas. This year looks to be a strong one for this business. After a slower start to the year, the demand for CNG compressors seems to be very strong with large orders being booked last quarter even in this quarter, the trend continues. The opportunity pipeline for gas system also looks strong, but order finalization is taking some time. We expect this to pick up in the current quarter. Last quarter, we also dispatched India's first 1,000 bar hydrogen refuelling station. It's a first of its kind installation and a clear demonstration of KPCL's capabilities in this segment. Page 3 of 14 1<; r10s1ear Kirloskar Pneumatic Company Limited October 27, 2026 Pneumatic Our tie-up with Kobe Compressors will broaden the range of products we can o [Showing first 8,000 characters — download PDF for full document]