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 an enclosure from KFIL, which constitutes a press release dated October 30, 2026, containing KFIL's unaudited financial results for Q2 FY2027 submitted under Regulation 30 of SEBI Listing Regulations.

KFIL Financial Performance Highlights (Unaudited)

Standalone Q2 FY2027 Results:

  • Revenue: ₹2,047 crore (17% increase year-on-year)
  • Profit Before Tax (PBT): ₹138 crore (15% increase year-on-year)
  • EBITDA: ₹223 crore (4% increase year-on-year)
  • EBITDA Margin: Not quantified in disclosure

Operational Highlights:

  • Achieved record steel volume of 26,606 MT
  • Gross casting sales volume crossed 50,000 MT milestone
  • Maintained optimized capacity utilization

Management Commentary:

R.V. Gumaste, Managing Director of KFIL, stated that growth was anchored by optimized capacity utilization and proactive cost management measures that helped protect margins despite coking coal price increases and rupee depreciation. The company is encouraged by favorable market demand signals to expand steel and casting capacities. Focus remains on leveraging newly commissioned solar energy capacity and key expansion projects to enhance cost competitiveness.

Merger Impact:

The financial results reflect the merger of Oliver Engineering Private Limited and Adicca Energy Solutions Private Limited with KFIL during FY 2026-27. The company recognized a deferred tax asset on the appointed date of April 1, 2025, which has been utilized across previous quarters as well as the current quarter and six months ended September 30, 2026. Consequently, last year's numbers have an impact of negative tax. All previous year's numbers have been restated post-merger.

Company Description:

Kirloskar Ferrous Industries Limited, founded in 1991, is one of India's largest castings and pig iron manufacturers catering to tractors, automobiles and diesel engines sectors. Manufacturing facilities are located at Koppal, Hiriyur, Solapur and Rajpura producing grey iron castings up to 1000 kg pieces and various grades of pig iron (SG iron grade, basic steel grade, foundry grade). The company has 3D printing facilities, coke oven manufacturing with waste-heat recovery power, and post-merger expanded product range to include ISMT Steel and seamless tubes.

Contact Information:

  • KFIL Company Secretary: Mr. Mayuresh Gharpure, Tel: (020) 69065040, Email: kfilinvestor@kirloskar.com
  • Group Investor Relations: Ms. Mayura Bhusari, Tel: (020) 67060374, Email: mayura.bhusari@kirloskar.com

Regulatory Reference:

Filed pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.