According to reports from CNBC TV18 and Business Standard, Kirloskar Brothers' wholly owned UK subsidiary, SPP Pumps Ltd, has secured a significant international order worth GBP 11.67 million (approximately ₹149.59 crore) from Saipem Offshore Construction SPA. The contract involves the supply of vertical pumps along with spares and is scheduled to be executed within 52-60 weeks from receipt of the order.
As reported by CNBC TV18 and Business Standard, the contract includes specific financial obligations with SPP Pumps required to furnish a 10% performance bond and a 5% warranty bond equal to the contract value. The order represents a substantial international business win for the company's UK operations, demonstrating the subsidiary's competitive position in the global pump market.
According to the company statement reported by CNBC TV18 and Business Standard, SPP Pumps is described as Kirloskar Brothers' flagship international subsidiary with a leadership position in the UK pump industry. The order has been awarded by an international entity, highlighting the subsidiary's ability to secure significant contracts in the global marketplace. The company has clarified that the contract is not a related-party transaction and that neither its promoters nor members of the promoter group have any interest in the award of the order.
As reported by Business Standard, on a consolidated basis, the company's net profit declined 18.67% to ₹111.50 crore in the quarter ended March 2026 as against ₹137.10 crore in the corresponding quarter of the previous year. However, sales rose 10.44% to ₹1,415.10 crore from ₹1,281.30 crore a year earlier. The company is part of the Kirloskar Group engaged in engineering and manufacturing systems for fluid management, with core businesses including large infrastructure projects, pumps, valves, motors and hydro turbines.
As reported by CNBC TV18 and Business Standard, shares of Kirloskar Brothers Ltd ended at ₹1,922.10 on the BSE, shedding 0.26% following the announcement. The market reaction reflects investor response to the international contract win, though the stock declined despite the positive business development.
