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 , a leading player in the Indian castings and pig iron manufacturing sector, has issued an official postal ballot notice seeking shareholder approval for the appointment of Mr. Aman Rahul Kirloskar as a Director. The company had earlier co-opted him as an Additional Director in the category of Non-Executive Non-Independent Director, effective November 7, 2025.

Official Postal Ballot Notice Details

The company has formally communicated the postal ballot process to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice was issued on December 12, 2025, and sent electronically to all eligible shareholders.

E-Voting Process and Timeline

The company has initiated the postal ballot process in compliance with regulatory requirements through National Securities Depository Limited (NSDL). Key details of the voting process are outlined below:

The notice has been sent electronically to all members whose names appear in the Register of Members or List of Beneficial Owners as on the cut-off date and whose email addresses are registered with the company, Registrar and Share Transfer Agent (RTA), and depositories.

Regulatory Compliance Requirements

Pursuant to Regulation 17(1C) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, listed entities must obtain shareholder approval for board appointments at the next general meeting or within three months from the appointment date, whichever is earlier. The company has received a notice in writing from a member proposing Mr. Kirloskar's candidature under Section 160 of the Companies Act, 2013.

Profile of Aman Rahul Kirloskar

Mr. Kirloskar, aged 31, brings extensive experience within the Kirloskar Group:

Career Progression and Contributions

Mr. Kirloskar's career trajectory within the group demonstrates progressive leadership. He started as Supply Chain Manager with Kirloskar Chillers Private Limited in May 2018, was promoted to Senior Manager at Kirloskar Pneumatic Company Limited in August 2019, and elevated to General Manager (Operations) in 2020. In 2023, he was appointed Head of air conditioning and refrigeration business unit.

He played a crucial role during the COVID-19 pandemic by scaling up screw compressor production to meet the nation's oxygen production needs. Additionally, he leads group-level ESG compliance initiatives and spearheads sustainability, green technology, and circular economy projects across multiple business units.

Corporate Governance and Family Connections

As part of the company's promoter group, Mr. Kirloskar is the son of Director Mr. Rahul Kirloskar and cousin of Director Ms. Aditi Kirloskar. He currently serves as a director on the boards of Alpak Investments Private Limited, Indifour Consult Private Limited, and Systems and Components India Private Limited.

The Board of Directors has recommended the ordinary resolution for approval by members. The scrutinizer will submit the report by January 14, 2026, and results will be declared along with the scrutinizer's report on the company's website, BSE Limited, and NSDL platforms. If passed by the requisite majority, the resolution will be deemed effective from January 12, 2026.