Annual Report and Notice of Annual General Meeting
KIRLFER · price
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Kirloskar Ferrous Industries has submitted its Annual Report for FY 2024-25 along with the notice of its 34th AGM, scheduled for Monday, 4 August 2025 at 4:00 PM via video conferencing. Standalone revenue from operations grew modestly to Rs 6,566 crore from Rs 6,134 crore last year, but profit after tax slipped to Rs 317 crore from Rs 322 crore due to margin pressure from subdued realisations and input cost volatility. EBITDA stood at Rs 758 crore (11.5% margin), while EPS came in at Rs 19.29. The board has kept dividend unchanged at 110% (Rs 5.50 per share). Key business milestones include the completion of the KFIL-ISMT merger (effective 9 August 2024), commissioning of a 70 MW solar plant taking total solar capacity to 82 MW, operationalisation of the Oliver Engineering Foundry in Punjab, launch of Kirloskar Bharat Mines for backward integration, and transition of Koppal and Baramati plants to piped natural gas.
This is a routine annual report filing with no new material announcement for shareholders. The steady dividend and slight top-line growth signal stability, though flat-to-declining profitability indicates margin pressures persist. The completed ISMT merger and green energy investments are positives for long-term capacity and cost competitiveness, but near-term earnings softness may keep the stock range-bound.