Analysts/Institutional Investor Meet/Con. Call Updates

KIRLOSKAR BROTHERS LIMITED A Kirloskar Group Company SEC/ F:26 November 4, 2026 BSE Limited National Stock Exchange of India Ltd. Corporate Relationship Department, 5th Floor, Exchange Plaza, 2nd Floor, New Trading Ring, Bandra (East), Phiroze Jeejeebhoy Towers, Mumbai - 400 051. Dalal Street, Mumbai – 400 001. (BSE Scrip Code – 500241) (NSE Symbol - KIRLOSBROS) Dear Sir/Madam, Sub: Transcript of Conference Call with Analysts/ Investors on Unaudited Financial Results for the Quarter and Half-Year ended on September 30, 2026 Ref: Regulation 30 & 46 read with Clause 15 of Para A Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This is in continuation of our letter dated October 21, 2026 giving intimation of the subject mentioned conference call and subsequently furnishing the web link for accessing the Audio recording of the said conference call vide our letter dated October 28, 2026. In terms of the subject referred regulations, please find attached the transcript of the Conference Call held on October 28, 2026 with Analysts/ Investors on Unaudited Financial Results of the Company for the quarter and half-year ended on September 30, 2026. Please note that the said transcript has also been uploaded on the website of the Company (http://www.kirloskarpumps.com) which can be accessed at the following link: Link: https://www.kirloskarpumps.com/investors/financial-information/analyst_meeting_transcript/ You are requested to take the same on your records. Thanking you, Yours faithfully, For KIRLOSKAR BROTHERS LIMITED Devang Trivedi Company Secretary Encl.: As above “Kirloskar Brothers Limited Q2 & H1FY27 Earnings Conference Call” October 28, 2026 Disclaimer: E&OE - This transcript is edited for factual errors. In case of discrepancy, th e audio recording uploaded on the stock exchange on 28th October 2026 will prevail. MANAGEMENT: MR. SANJAY KIRLOSKAR – CHAIRMAN AND MANAGING DIRECTOR – KIRLOSKAR BROTHERS LIMITED MR. ALOK KIRLOSKAR – MANAGING DIRECTOR – KIRLOSKAR BROTHERS INTERNATIONAL B.V. MS. RAMA KIRLOSKAR – JOINT MANAGING DIRECTOR – KIRLOSKAR BROTHERS LIMITED MR. BHAVESH CHHEDA –– CHIEF FINANCIAL OFFICER – KIRLOSKAR BROTHERS LIMITED MR. DEVANG TRIVEDI – COMPANY SECRETARY – KIRLOSKAR BROTHERS LIMITED Page 1 of 16 Kirloskar Brothers Limited October 28, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Kirloskar Brothers Limited Q2 and H1FY27 Earnings Conference Call. This conference call may contain forward-looking statements about the company, which are based on beliefs, opinions and expectations of the company as on date of this call. These statements are not the guarantee of future performance and involve risks and uncertainties that are difficult to predict. As a reminder, all participants will be in 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. I now hand the conference over to Mr. Sanjay Kirloskar, Chairman and Managing Director from Kirloskar Brothers Limited. Thank you, and over to you, sir. Sanjay Kirloskar: Thank you. Good afternoon, everyone. On behalf of Kirloskar Brothers Limited, I extend a very warm welcome to all of you joining us on our call today. I hope everyone had an opportunity to go through the financial results and the investor presentation, which have been uploaded on the stock exchanges and the company's website. On this call with me, I have Mr. Alok Kirloskar, Managing Director, Kirloskar Brothers International B.V.; Rama Kirloskar, Joint Managing Director, KBL and MD KEPL; Mr. Bhavesh Chheda, Chief Financial Officer; Mr. Devang Trivedi, our Company Secretary; and Strategic Growth Advisors, our Investor Relations Advisors. Let me begin with my remarks by giving some business highlights. I'm pleased to report that during the quarter, consolidated revenues grew by 24% on a year-on-year basis, reaching Rs.12,767 million. And for H1, our consolidated revenues grew by 19% on a year-on-year basis, reaching Rs.23,816 million. This increase underscores the strong demand for our products and services across various segments, both domestically and internationally. EBITDA for the quarter grew by 16% on a year-on-year basis, reaching Rs.1,432 million with EBITDA margin standing at 11.2%. EBITDA for H1 '27 grew by 9%, reaching Rs.2,738 million with an EBITDA margin of 11.5%. During the quarter, we also recorded healthy order inflows across both domestic and international markets. Our consolidated order intake grew by 68% year-on-year to Rs.20,472 million, providing continued visibility for future growth. Turning to our standalone domestic business. For Q2 FY27, revenue increased by 23% year-on- year to Rs.7,991 million, while EBITDA grew by 37% to Rs.937 million. Profit after tax stood at Rs.544 million, reflecting a 45% year-on-year growth. Our healthy order book, coupled with our focused approach towards high potential business opportunities, provides us with confidence in our growth outlook. We remain confident of delivering double-digit revenue growth in FY27 over FY26 for our standalone businesses. Page 2 of 16 Kirloskar Brothers Limited October 28, 2026 As of September 2026, order book on the domestic front grew by 29% on a year-on-year basis, reaching Rs.29,264 million, which, as you know, excludes the small pumps order book reflecting a strong pipeline. Furthermore, we are seeing good order inflows across segments. On the international front, we reported 24% year-on-year growth in revenue during Q2FY27. This performance was primarily driven by strong execution across SPP U.K., SPP USA and the Dutch Group, supported by the robust order book execution. SPP USA continues to witness encouraging traction in data centers, fire and HVAC projects. EBITDA stood at Rs.233 million with an EBITDA margin of 5.3%. This moderation was primarily attributable to a lower contribution from the services business, which traditionally carries higher margins. We are actively focused on expanding the services portfolio, which we believe will support improvement going forward. Our overseas pending order book stood at Rs.17,013 million, reflecting a growth of 32%, providing strong visibility for the coming quarters. Looking ahead, we are very optimistic about the company's growth trajectory backed by a healthy mix of domestic and international business, a robust order pipeline and continued focus on operational excellence. Our company is well positioned to deliver sustainable growth in the periods ahead. This is all. We can now begin the question-and-answer session. Thank you. Moderator: Thank you so much, sir. Ladies and gentlemen, we will now begin the question-and-answer session. Our first question comes from the line of Mahesh Bendre with LIC Mutual Fund. Mahesh Bendre: Very strong performance on sales side and the order intake given the current environment. Sir, I have two questions. First is on margin side. In this quarter, I think domestically, we have done really well. But it's international pieces, which is actually lagging in terms of margin. So do you anticipate recovery to happen in the second half? Sanjay Kirloskar: Margins to go up in the second half. Mahesh Bendre: Sorry, sir, I didn't... Sanjay Kirloskar: I said, yes, we do expect margins to go up in the second half as usual. But for the international business, and I'll ask Alok to explain it a little more, we are now in our third quarter and the current quarter will be the fourth quarter for them because they follow the calendar year as their financial year. Alok Kirloskar: Just to add to that, I think one point which was mentioned at the start was that the mix this year has been slower in the U.K. for services. I have mentioned in previous analyst calls that we have, from an order point of view, bagged many more service con [Showing first 8,000 characters — download PDF for full document]