Press Release on the unaudited financial results
KIRLFER · price
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Kirloskar Ferrous Industries Ltd reported its Q3 FY26 unaudited results. Standalone revenue stood at INR 1,589.9 crore, down 1% year-on-year, while standalone EBITDA rose 3% to INR 182.7 crore with margin expanding to 11.5% from 11.0%. Standalone profit before tax grew 16% to INR 99 crore, but net profit fell 6% to INR 57.5 crore due to a one-time exceptional charge of INR 17.57 crore towards gratuity and leave encashment under the new Labour Codes. Consolidated revenue was broadly flat at INR 1,618 crore, consolidated EBITDA was up 7% at INR 185.9 crore, and consolidated PAT dipped marginally to INR 53.3 crore. Management noted pig iron and steel prices dropped to five-year lows, though cost optimisation, strong value-added casting demand, and a large upcoming tube order support the outlook.
Operational efficiency and margins improved despite weak commodity prices, but the one-time Labour Code provision weighed on net profit. The stock reaction may hinge on progress with the large tube order and any recovery in pig iron and steel realisations.