Kirloskar Industries Limited has informed the Exchange regarding 'update of material subsidiary'.
KIRLOSIND · price
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Kirloskar Industries (KIL) has forwarded to the exchanges an intimation from its listed material subsidiary, Kirloskar Ferrous Industries Limited (KFIL), submitting its Annual Report for FY2024-25 and the Notice of the 34th Annual General Meeting. KFIL's standalone revenue from operations stood at ₹6,566 crore (up from ₹6,134 crore in FY24), with Profit After Tax of ₹317 crore and EBITDA of ₹758 crore at 11.5% margins. The Board has declared a dividend of 110% (₹5.50 per share), unchanged from the previous year. The 34th AGM is scheduled for Monday, 4 August 2025 at 4:00 p.m., to be held entirely through video conferencing, with the annual report circulated only via email. KFIL also highlighted operational milestones including the KFIL-ISMT merger effective 9 August 2024, commissioning of a 70 MW solar plant (total renewable capacity now 82 MW solar + 52 MW waste heat recovery), operationalisation of the Oliver Engineering foundry, and commencement of mining at Kirloskar Bharat Mines.
This is largely a procedural compliance filing, but it gives KIL investors a clear view of KFIL's financials, which is the core operating asset driving KIL's value. Stable revenue growth, maintained dividend, and progress on green energy and backward integration are positives, though PAT dipped marginally year-on-year. The AGM on 4 August may bring further clarity on growth strategy and capital allocation.