Kirloskar Ferrous Industries Limited (INE884B01025), a leading manufacturer of castings, pig iron, and steel products, has announced its financial results for the second quarter of fiscal year 2026, ending September 30, 2025. The company reported a steady performance with growth in both revenue and profitability.

Financial Highlights

• Revenue from operations increased by 4% year-on-year to Rs 1,728.00 crores in Q2 FY2026, compared to Rs 1,667.11 crores in the same quarter last year.
• EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) rose by 9% to Rs 213.60 crores, with an EBITDA margin of 12.4%.
• Net profit grew by 9% to Rs 92.34 crores, up from Rs 84.91 crores in Q2 FY2025.
• Earnings per share (EPS) improved to Rs 5.60, compared to Rs 5.16 in the corresponding quarter of the previous year.

Segment Performance

The company operates in three segments: Iron Castings, Tubes, and Steel. Here's a breakdown of the segment-wise performance:

The Tubes segment showed significant growth, while the Castings and Steel segments maintained stable performance.

Operational Highlights

• The company witnessed strong demand for castings from the tractor and automotive industries.
• Oliver Engineering, a subsidiary, is ramping up production, contributing to the group's performance.
• An order from ONGC has secured tube volumes for the second half of the fiscal year.
• During the quarter, the company allotted 114,890 equity shares under its Employee Stock Option Schemes.

Management Commentary

R.V. Gumaste, Managing Director of Kirloskar Ferrous Industries, commented on the results: "Q2 has been a mixed bag for KFIL. On one hand, we saw steady demand for all products and margin pressure on iron and steel. The quarter saw strong demand for casting from tractor and automotive industry. Despite a drop in realizations and commodity headwinds, we have maintained our strong performance on both topline and profitability."

Financial Position

As of September 30, 2025:

• The company's net worth stood at Rs 2,251.03 crores.
• The debt-to-equity ratio was maintained at 0.36, indicating a strong balance sheet.
• Current ratio improved to 1.14, up from 1.06 in the previous year, suggesting better liquidity.

Future Outlook

While the company hasn't provided specific forward-looking statements, the management's focus on steady performance and secured orders for the tube segment indicates a positive outlook for the coming quarters. The company's diverse product portfolio and strong market position in castings and pig iron manufacturing continue to be its key strengths.

Kirloskar Ferrous Industries Limited remains committed to creating value for its shareholders while navigating the challenges of commodity price fluctuations and market dynamics in the iron and steel industry.

Kirloskar Ferrous Industries Limited (KFIL), a leading player in the Indian castings and pig iron manufacturing sector, has announced the appointment of Mr. Aman Rahul Kirloskar as an Additional Director in the category of Non-Executive Non-Independent Director, effective November 7, 2025. This strategic move adds a new generation of leadership to the company's board.

Profile of Aman Rahul Kirloskar

Mr. Kirloskar, aged 31, brings a blend of education and hands-on experience to his new role:

• Educational Background: Holds a Business Administration degree from Bryant University, USA.
• Career Trajectory:
  • Joined the Kirloskar Group in May 2018 as a Supply Chain Manager with Kirloskar Chillers Private Limited.
  • Progressed to Senior Manager at Kirloskar Pneumatic Company Limited in August 2019.
  • Elevated to General Manager (Operations) in 2020, overseeing manufacturing, supply chain, foundry, plant engineering, and quality of air compressor and transmission divisions.
  • Currently heads the air conditioning and refrigeration business unit since 2023.

Key Contributions and Responsibilities

• Played a crucial role in scaling up screw compressor production during the second wave of COVID-19, addressing the critical need for oxygen-producing machines.
• Leads group-level initiatives in ESG (Environmental, Social, and Governance) compliance.
• Chairs the group-level environment conservation committee, spearheading sustainability, green technology, and circular economy initiatives across multiple business units.

Corporate Governance and Shareholding

• Holds directorships in Alpak Investments Private Limited, Indifour Consult Private Limited, and Systems and Components India Private Limited.
• Owns 200 equity shares (0.0001%) in Kirloskar Ferrous Industries Limited.
• Part of the company's promoter group, being the son of Director Mr. Rahul Kirloskar and cousin of Director Ms. Aditi Kirloskar.

This appointment aligns with KFIL's strategy of integrating next-generation leadership into its board structure, potentially bringing fresh perspectives to the company's operations and strategic direction.

The company has confirmed that Mr. Kirloskar is not debarred from holding the office of a director by any order of SEBI or any other authority, ensuring compliance with regulatory requirements.

As Kirloskar Ferrous Industries Limited continues to strengthen its position in the castings and pig iron market, the addition of Aman Rahul Kirloskar to the board may signal a focus on innovation, sustainability, and strategic growth in the coming years.