Dear Sir/Madam, Please find enclosed the update of Kirloskar Ferrous Industries Limited (KFIL), a listed material subsidiary of the Company. Request you to kindly take the same on your record.
KIRLOSIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kirloskar Industries disclosed its material subsidiary Kirloskar Ferrous Industries (KFIL) Q4 FY26 earnings call transcript. KFIL reported full-year FY26 sales of INR 6,861 crores (up 3% YoY) with PBT of INR 514.43 crores, improving by INR 100 crores over last year despite a 68,000 MT production shortfall due to Hiriyur blast furnace shutdown for 3.5 months. Casting production grew 7% to 1,48,564 MT, tube production increased to 2,16,914 MT. Management targets 15% volume growth in FY27, plans to expand tube capacity to 4 lakh MT, and aims for EBITDA margin improvement to 15%. Oliver Engineering merger expected to close within next couple of months. International pig iron prices have risen to $475/ton, supporting better realizations going forward.
The filing confirms KFIL delivered profit growth despite production challenges, with volume expansion plans and commodity price recovery supporting margin improvement in FY27. For Kirloskar Industries shareholders, the subsidiary's strategic initiatives in castings, green steel, and backward integration through iron ore mines represent positive long-term value drivers.