Key Financial Figures - Standalone (Q2 FY27)

Profit & Loss Statement (₹ Crores)

  • Revenue from Operations: ₹2,046.7 (Unaudited)
  • Other Income: ₹19.3
  • Total Income: ₹2,066.0
  • Cost of Materials Consumed: ₹1,159.8
  • Employee Benefits Expense: ₹109.0
  • Finance Costs: ₹34.0
  • Depreciation and Amortisation: ₹70.6
  • Other Expenses: ₹534.2
  • Total Expenses: ₹1,928.2
  • Profit Before Tax (before exceptional items): ₹137.8
  • Exceptional Items: ₹0.0
  • Profit Before Tax (after exceptional items): ₹137.8
  • Profit After Tax: ₹97.6
  • EBITDA (excl. other income & before exceptional items): ₹223.0
  • EBITDA Margin: 10.9%

Comparative Performance (Quarter ended 30th September)

| Particulars | Q2 FY27 (Unaudited) | Q2 FY26 (Unaudited) | Change |

| Revenue | ₹2,046.7 Cr | ₹1,755.3 Cr | +17% YoY |

| EBITDA | ₹223.0 Cr | ₹214.4 Cr | +4% YoY |

| PAT | ₹97.6 Cr | ₹88.5 Cr | +10% YoY |

Year-to-Date Financial Highlights (Standalone)

  • YTD Revenue (6M FY27): ₹3,818.2 Cr
  • YTD EBITDA: ₹438.7 Cr
  • YTD EBITDA Margin: 11.5%
  • YTD PAT: ₹179.9 Cr

Sales Volume & Realizations - Standalone

Sales Volume (Metric Tonnes)

| Product | Q2 FY26 | Q1 FY27 | Q2 FY27 | QoQ Change | YoY Change |

| Pig Iron | 1,30,431 | 1,28,737 | 1,34,940 | +5% | +3% |

| Castings | 39,980 | 41,345 | 47,888 | +16% | +20% |

| Steel | 19,916 | 22,633 | 26,606 | +18% | +34% |

| Tubes | 49,588 | 41,512 | 48,547 | +17% | -2% |

| Others | N/A | N/A | N/A | N/A | N/A |

Realizations (₹/MT)

| Product | Q2 FY26 | Q1 FY27 | Q2 FY27 | QoQ Change | YoY Change |

| Pig Iron | 37,097 | 42,383 | 43,054 | +2% | +16% |

| Castings | 1,22,003 | 1,27,535 | 1,32,192 | +4% | +8% |

| Steel | 69,985 | 74,434 | 77,523 | +4% | +11% |

| Tubes | 1,13,940 | 1,14,521 | 1,16,953 | +2% | +3% |

Consolidated Financials (Q2 FY27)

  • Revenue from Operations: ₹2,046.7 Cr
  • Profit Before Tax (after exceptional items): ₹137.8 Cr
  • Profit After Tax: ₹97.5 Cr
  • EBITDA: ₹223.0 Cr

Business Context and Macro Environment

  • The presentation notes strong domestic demand for castings.
  • Key end-user industries showed mixed trends: Tractor wholesale growth was muted due to a deficit monsoon, while Passenger Vehicles saw a record quarter for wholesales. Bearings & Industrial Machinery and Alloy Steel sectors saw strong production.
  • Input costs were volatile: Iron ore supply was ample with stable NMDC pricing, but landed Coking Coal prices jumped sharply in September.
  • Infrastructure capex is expected to pick up in the second half of the year.
  • A multi-year anti-dumping duty on low-ash met coke is noted as a supportive policy action.
  • Rupee depreciation increased imported coking coal prices.
  • Demand is expected to stay healthy in H2 FY27, backed by infra and construction activity.

Project Updates and Capex

Key ongoing projects with their objectives and timelines:

1. Coke Bunker Heating with flue gases (Hiriyur Plant): To reduce coke consumption. Timeline: Q4 FY27.

2. 149 TPD Oxygen Plant (Koppal): To reduce coke consumption and improve productivity. Timeline: Q4 FY27.

3. Machining capacity enhancement: Ramping up machine shop capacity. Status: Ongoing.

4. New Foundry Line at Solapur (Phase 1): For large castings. Timeline: Q3 FY27.

5. New Foundry Line at Solapur (Phase 2): For large castings. Timeline: Q4 FY29.

6. Solar Project (35 MW): For power cost reduction. Status: Commissioned in Q2 FY27.

7. Wind Mill Project (25 MW): For power cost reduction. Timeline: Q3 FY27.

Strategic Priorities for FY27

The company outlined a five-pillar strategy:

1. Volume Growth & Market Leadership: Focus on high-margin casting value-added products and premium tubes.

2. Margin Expansion: Drive product premiumization, value engineering, and raw material cost optimization.

3. Debottlenecking & Operational Efficiency: Execute debottlenecking capex to drive higher throughput and optimize maintenance shutdown cycles.

4. Sustainability & Governance: Target 35%+ power from renewables by end-FY27. Pursue GreenCo certification and strengthen ESG disclosures per SEBI BRSR Core requirements.

Company Overview

  • Kirloskar Ferrous Industries Ltd. (KFIL) is an integrated ferrous manufacturer part of the Kirloskar Group.
  • It operates across pig iron, castings, steel, and tubes.
  • Manufacturing facilities are located in Koppal, Hiriyur, Solapur, Rajpura, Jejuri, Baramati, and Ahilyanagar.
  • Listed on NSE (KIRLFER) and BSE (500245).
  • Market Capitalization: ₹8,048 Cr as of September 30, 2026.

Notes

  • Previous year's numbers are restated post the merger of Oliver Engineering Private Limited and Adicca Energy Solutions Private Limited with the Company.