Kirloskar Industries shares rose as much as 3.02% on Wednesday, touching a day’s high of ₹3,870, even as June quarter profit fell sharply.

Consolidated profit attributable to owners fell 69.3% year on year to ₹33.7 crore, down from ₹110 crore in the same quarter last year. Revenue told a different story, rising 4.3% to ₹1,779.15 crore from ₹1,705.46 crore.

EBITDA slipped a little, down 1.7% to ₹214.8 crore, with the margin narrowing to 12.08% from 12.82% a year earlier. The profit hit came almost entirely from a one off item.

The company booked an exceptional expense of ₹29.33 crore during the quarter, tied to stamp duty and related costs from merging ISMT with its subsidiary Kirloskar Ferrous Industries.

That compares with an exceptional gain of ₹2.51 crore in the year ago period. On a sequential basis, profit fell 23.9% from ₹44.26 crore in the March quarter, while revenue eased 2.6% from ₹1,827.41 crore.

Kirloskar Industries works mainly as an investment and holding company for the wider Kirloskar Group, alongside its wind energy operations and a real estate arm called Avante Spaces.

Its FY26 annual report showed the market value of its investment portfolio at around ₹6,944 crore, well above its book value of ₹888 crore.

The biggest chunk of that is a 45.93% stake in Kirloskar Ferrous Industries, worth ₹2,642.32 crore against an original cost of just ₹374.12 crore.

The company also said its book value per share has climbed to ₹4,672 from ₹783 over the past decade, with portfolio companies generating ₹67 crore in dividend income during FY26.

The stock closed the day at ₹3,835 on the NSE, up 3.02%.

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