30-Oct-2026 21:41:20
KIRLOSKAR FERROUS Q2 FY27: RECORD STEEL VOLUMES AT 26,606 MT; CASTING SALES CROSS 50,000 MT, CAPACITY EXPANSION PLANS
• Quarterly Results: Consolidated revenue increased 17% YoY to ₹2,046.7 Cr, EBITDA grew 4% to ₹222.98 Cr and PAT increased 10% to ₹97.5 Cr • Margin Pressure: EBITDA margin declined to 10.9% from 12.2% YoY, impacted by higher coking coal prices and rupee depreciation • Record Steel Volumes: Steel sales volumes reached a record 26,606 MT during Q2 FY27, supported by improved capacity utilisation • Casting Business: Gross casting sales volumes crossed 50,000 MT for the first time, marking a major operational milestone • Capacity Expansion: Management plans to expand steel and casting manufacturing capacities, supported by favourable market demand • Solar Power Expansion: Newly commissioned solar energy capacity expected to improve energy efficiency and reduce manufacturing costs • Cost Optimisation: Management remains focused on operational efficiency, cost control and improved capacity utilisation to strengthen competitiveness • Manufacturing Capabilities: Expanding pig iron and casting capacities, supported by 3D printing technology for faster product development and production ramp-up • Steel & Seamless Tubes: ISMT business strengthens the company's presence in alloy steel, seamless tubes, automotive components and import-substitution opportunities • H1 Performance: Revenue increased 11% YoY to ₹3,818.2 Cr, EBITDA grew 2% to ₹438.7 Cr, while PAT declined 45% to ₹179.9 Cr, with the YoY comparison affected by deferred tax adjustments • Future Growth Plans: Focused on steel and casting capacity expansion, renewable energy utilisation, operational efficiency and improving cost competitiveness • FY27 Guidance & Capex: No specific FY27 revenue growth, EBITDA margin, fresh capex budget or commissioning timeline
KIRLOSKAR FERROUS IND LTD