Transcript of the conference call

Kirloskar Ferrous Industries reported Q1 FY27 results with pig iron production up 5% YoY and castings up 19%, though tube production fell 8% due to weaker export demand and shift toward lower-realization line pipes. EBITDA margin stood at 12–13%, weighed down by a sharp rise in power and fuel costs (about ₹58 crore impact, partly from regulatory changes on green power usage). Management guided that commodity prices have reversed, price hikes are being passed through, and EBITDA should improve in Q2 and Q3. Volume guidance: pig iron ~7 lakh tons for the year, castings growth of 17–20%, steel external sales of 1–1.1 lakh tons (>20% growth), and tube volumes to recover with at least 10% growth. Capex pegged at ₹600–700 crore this year and ₹3,000–3,500 crore over the next 4 years.