Financial Results Overview

Standalone Financial Performance (Quarter Ended 30th September 2026)

  • Revenue from Operations: ₹2,046.68 crore (Q2 FY26: ₹1,755.32 crore)
  • Other Income: ₹19.34 crore (Q2 FY26: ₹4.43 crore)
  • Total Income: ₹2,066.02 crore (Q2 FY26: ₹1,759.75 crore)
  • Total Expenses: ₹1,928.24 crore (Q2 FY26: ₹1,639.89 crore)
  • Profit before exceptional items and tax: ₹137.78 crore (Q2 FY26: ₹119.86 crore)
  • Exceptional Items: Nil (Q2 FY26: Nil)
  • Profit before tax: ₹137.78 crore (Q2 FY26: ₹119.86 crore)
  • Tax expense: ₹40.21 crore (Q2 FY26: ₹31.34 crore)
  • Profit for the period: ₹97.57 crore (Q2 FY26: ₹88.52 crore)
  • Earnings Per Share (Basic): ₹5.91 (Q2 FY26: ₹5.38)
  • Earnings Per Share (Diluted): ₹5.90 (Q2 FY26: ₹5.35)

Standalone Financial Performance (Half Year Ended 30th September 2026)

  • Revenue from Operations: ₹3,818.19 crore (H1 FY26: ₹3,453.39 crore)
  • Other Income: ₹36.77 crore (H1 FY26: ₹12.89 crore)
  • Total Income: ₹3,854.96 crore (H1 FY26: ₹3,466.28 crore)
  • Total Expenses: ₹3,582.76 crore (H1 FY26: ₹3,219.19 crore)
  • Profit before exceptional items and tax: ₹272.20 crore (H1 FY26: ₹247.09 crore)
  • Exceptional Items: ₹29.33 crore (H1 FY26: Nil)
  • Profit before tax: ₹242.87 crore (H1 FY26: ₹247.09 crore)
  • Tax expense: ₹62.98 crore (H1 FY26: ₹(76.91) crore)
  • Profit for the period: ₹179.89 crore (H1 FY26: ₹324.00 crore)
  • Earnings Per Share (Basic): ₹10.90 (H1 FY26: ₹19.68)
  • Earnings Per Share (Diluted): ₹10.88 (H1 FY26: ₹19.59)

Key Financial Metrics

Standalone Ratios (30th September 2026)

  • Debt-Equity Ratio: 0.32 (March 2026: 0.27)
  • Debt Service Coverage Ratio: 2.15 (March 2026: 2.23)
  • Interest Service Coverage Ratio: 5.05 (March 2026: 4.94)
  • Net Worth: ₹2,606.69 crore (March 2026: ₹2,485.48 crore)
  • Current Ratio: 1.14 (March 2026: 1.11)
  • Operating Margin: 10.90% (March 2026: 12.22%)
  • Net Profit Margin: 4.77% (March 2026: 7.33%)

Significant Events and Transactions

Capital Structure Changes

  • ESOP Allotment: Consequent to allotment of 1,55,870 Equity Shares of ₹5 each fully paid pursuant to 'KFIL Employee Stock Option Schemes' during the quarter, the Issued, Subscribed and Paid-up equity share capital increased to ₹82,57,56,270 comprising of 16,51,51,254 equity shares.

Fundraising

  • Commercial Papers: During the quarter, ₹450 Crores was raised by issue of commercial papers for working capital requirements and general corporate purposes. Total outstanding value of Commercial Papers as on 30th September 2026 was ₹445.13 Crores.

Mergers and Restructuring

  • Merger Impact: Consequent to the merger of Oliver Engineering Private Limited and Adlcca Energy Solutions Private Limited with the Company during FY 2025-26, the financial results for corresponding quarters of FY 2025-26 have been updated to give effect to the Scheme.
  • Deferred Tax Asset: The Company recognized a deferred tax asset on the appointed date (1st April 2025) as per the Scheme, which has been utilized across previous quarters and the current quarter.
  • ISMT Limited Merger: Pursuant to the Order passed by Honourable National Company Law Tribunal, Mumbai regarding the Scheme of Arrangement and Merger of ISMT Limited into the Company, an amount of ₹29.33 crores incurred towards stamp duty and associated expenses was recorded as an Exceptional Item for the quarter ended 30th June 2026.

Segment Information

The Company operates in three segments:

1. Casting Segment: Revenue ₹1,308.42 crore (Q2 FY26: ₹1,087.74 crore)

2. Tube Segment: Revenue ₹629.53 crore (Q2 FY26: ₹621.87 crore)

3. Steel Segment: Revenue ₹495.77 crore (Q2 FY26: ₹476.89 crore)

Cash Flow Statement (Half Year Ended 30th September 2026)

  • Net cash from Operating Activities: ₹98.27 crore (H1 FY26: ₹215.68 crore)
  • Net cash used in Investing Activities: ₹(267.03) crore (H1 FY26: ₹(135.55) crore)
  • Net cash from Financing Activities: ₹115.69 crore (H1 FY26: ₹(93.59) crore)
  • Net decrease in Cash and Cash Equivalents: ₹(53.07) crore (H1 FY26: ₹(13.46) crore)

Balance Sheet Position (30th September 2026)

  • Total Assets: ₹7,135.86 crore (March 2026: ₹6,588.95 crore)
  • Total Equity: ₹3,982.47 crore (March 2026: ₹3,863.99 crore)
  • Total Liabilities: ₹3,153.39 crore (March 2026: ₹2,724.96 crore)

Auditor's Review

PG Bhagwat LLP, Chartered Accountants, conducted a limited review of the financial results and concluded that nothing has come to their attention that causes them to believe that the statement contains any material misstatement.