Annual Report and Notice of Annual General Meeting
KIRLFER · price
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Kirloskar Ferrous Industries submitted its Annual Report for FY 2024-25 along with the notice for its 34th AGM, scheduled for 4 August 2025 via video conferencing. Standalone revenue from operations grew modestly to ₹6,566 crore (from ₹6,133.90 crore in FY24), while net profit slipped slightly to ₹317.28 crore (from ₹321.58 crore). EBITDA stood at ₹758 crore with 11.5% margins, and the company maintained its dividend at 110% (₹5.50 per share), with EPS at ₹19.29 and book value at ₹209.63 per share. Key milestones during the year include the completion of the KFIL-ISMT merger (effective 9 August 2024), commissioning of a 70 MW solar plant at Jalna (total solar capacity now 82 MW), revival of the Oliver Engineering facility in Punjab, and operationalisation of Kirloskar Bharat Mines for backward iron ore integration. The company continues to carry an ICRA AA (Stable) credit rating and had a market capitalisation of ₹9,514 crore as of 30 May 2025.
This is a routine regulatory filing, but the report shows stable topline growth with maintained dividends despite mild margin pressure from input cost volatility. The completed ISMT merger, captive mines, expanded renewable energy, and added casting capacity (Oliver, Solapur Line 2) should support better cost control and scale in the coming years, which is mildly positive for long-term shareholders.