Kirloskar Industries Limited has informed the Exchange regarding 'Update of Kirloskar Ferrous Industries Limited (KFIL), a listed material subsidiary of the Company'.
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Kirloskar Ferrous Industries Limited (KFIL), the listed material subsidiary of Kirloskar Industries, held its Q4 FY26 earnings call. KFIL reported full-year sales of INR 6,861 crores (up 3% YoY) with PBT of INR 514.43 crores, an improvement of INR 100 crores over the previous year. Production was impacted due to Hiriyur blast furnace stoppage for 3.5 months, resulting in total output of 6.23 lakh MT. However, casting business showed strong growth at 16% (including Oliver foundry) with 3 new customers added including a diesel engine manufacturer. Export share increased from 20% to 28% and CV segment share from 12% to 16%. The company is targeting 15% volume growth in FY27 with casting volumes of 1.85-1.90 lakh MT. Capex of INR 600-700 crores per year is planned for expansion in tubes, steel, foundries, and backward integration including mines and renewable energy.
For Kirloskar Industries shareholders, this update confirms the subsidiary is on a growth trajectory despite commodity price pressures. The focus on value-added castings, new customer wins, and capacity expansion plans indicate improving future earnings potential. Pig iron prices have started recovering which should benefit margins.