Kirloskar Industries Limited submitted a regulatory filing to BSE Limited and National Stock Exchange of India Limited regarding updates from its material subsidiary, Kirloskar Ferrous Industries Limited (KFIL). The filing includes KFIL's intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which contains KFIL's Q2 FY27 financial and operational performance.

Financial Performance - Standalone (Q2 FY27)

  • Revenue from Operations: ₹2,046.7 Crores (Unaudited)
  • Other Income: ₹19.3 Crores
  • Total Income: ₹2,066.0 Crores
  • Profit Before Tax (before exceptional items): ₹137.8 Crores
  • Profit After Tax: ₹97.6 Crores
  • EBITDA (excluding other income & before exceptional items): ₹223.0 Crores

Financial Performance - Standalone (H1 FY27)

  • Revenue from Operations: ₹3,818.2 Crores (Unaudited)
  • Other Income: ₹36.8 Crores
  • Total Income: ₹3,855.0 Crores
  • Profit Before Tax (before exceptional items): ₹272.2 Crores
  • Profit After Tax: ₹179.9 Crores
  • EBITDA (excluding other income & before exceptional items): ₹438.7 Crores

Sales Volume and Realizations (Q2 FY27 vs Q2 FY26)

Sales Volume (MT):

  • Pig Iron: 134,940 MT (3% YoY increase)
  • Castings: 47,888 MT (20% YoY increase)
  • Steel: 26,606 MT (34% YoY increase)
  • Tubes: 48,547 MT (2% YoY decrease)

Sales Revenue (₹ Crores):

  • Pig Iron: ₹581 Crores (20% YoY increase)
  • Castings: ₹633 Crores (30% YoY increase)
  • Steel: ₹206 Crores (48% YoY increase)
  • Tubes: ₹568 Crores (0% YoY change)
  • Others: ₹59 Crores (26% YoY decrease)

Realizations (₹/MT):

  • Pig Iron: ₹43,054 (16% YoY increase)
  • Castings: ₹132,192 (8% YoY increase)
  • Steel: ₹77,523 (11% YoY increase)
  • Tubes: ₹116,953 (3% YoY increase)

Consolidated Financial Performance

KFIL also reported consolidated financials showing similar performance trends to standalone results for Q2 FY27 and H1 FY27.

Project Updates

KFIL provided status updates on several key projects with projected completion timelines:

1. Coke Bunker Heating with flue gases-at Hiriyur Plant: Q4 2026-27

2. 149 TPD Oxygen Plant at Koppal: Q4 2026-27

3. Machining capacity enhancement: Ongoing

4. New Foundry Line at Solapur - Phase 1: Q3 2026-27

5. New Foundry Line at Solapur - Phase 2: Q4 2028-29

6. Solar Project - 35 MW: Commissioned in Q2 2026-27

7. Wind Mill Project - 25 MW: Q3 2026-27

Strategic Priorities for FY27

KFIL outlined five strategic pillars for FY27:

1. Cost Leadership through renewable energy initiatives and operational efficiency

2. Product Mix Upgrade focusing on value-added castings and tubes

3. Market Diversification through export growth and new customer additions

4. Operational Resilience through debottlenecking and maintenance optimization

5. Sustainability & Governance with green energy targets and ESG disclosures

Macro Environment Context

The presentation noted strong domestic demand across key end-user industries including tractors, passenger vehicles, bearings, industrial machinery, and alloy steel. Input costs showed volatility with coking coal prices jumping sharply in September 2026. Infrastructure capex is expected to pick up in the second half of the year.

Company Overview

Kirloskar Ferrous Industries Limited is an integrated ferrous manufacturer operating across the iron and steel value chain with manufacturing facilities at Koppal, Hiriyur, Baramati, Jejuri, Solapur, Ahilyanagar and Rajpura. The company had a market capitalization of ₹8,048 Crores as of September 30, 2026.