Kirloskar Industries , a leading producer of pig iron and grey iron castings, has reported a robust financial performance for the quarter ended September. The company's results show significant growth across key financial metrics, indicating a strong market position in the automotive, engines, compressors, textiles, and pumps sectors.

Financial Highlights

The company's net profit saw a notable increase of 11%, rising to ₹86.20 crore from ₹77.60 crore in the same period last year. This growth was supported by a 5.30% increase in revenue from operations, which reached ₹1,755.00 crore compared to ₹1,666.00 crore in the previous year.

Kirloskar Industries also demonstrated improved operational efficiency, with EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) growing by 11% to ₹215.30 crore. The EBITDA margin expanded from 11.60% to 12.30%, indicating enhanced profitability and operational performance.

Market Response

Despite the positive financial results, the market response was subdued. Shares of Kirloskar Industries closed 3.55% lower at ₹487.45 on the National Stock Exchange (NSE). This movement suggests that investors may be factoring in broader market conditions or have different expectations for the company's performance.

Upcoming Board Meeting

In a related development, Kirloskar Industries has announced a board meeting scheduled for November 14. The meeting will consider and record the Standalone and Consolidated Unaudited Financial Results for the quarter and half year ended September 30.

The company has also implemented a trading window closure from October 1 to November 18, in compliance with SEBI regulations on insider trading. This measure ensures fair trading practices during the sensitive period of financial result preparation and announcement.

Kirloskar Industries' strong quarterly performance, particularly in profitability and operational efficiency, suggests resilience in its core business segments. However, the market's initial reaction indicates that investors may be looking for additional cues or have broader concerns that are influencing stock performance.

Kirloskar Industries Limited (KIL) has announced the departure of its Chief Financial Officer (CFO) and Key Managerial Person (KMP), Anandh Baheti, effective November 4, 2025. The company disclosed this information in a regulatory filing to the stock exchanges.

Resignation Details

Mr. Baheti, who also held the CFO position at KIL's wholly-owned subsidiary Avante Spaces Limited, tendered his resignation on August 29, 2025. He cited the pursuit of other career growth opportunities as the reason for his departure. Following a notice period, he was relieved from his duties at the close of business hours on November 4, 2025.

Company's Response

Kirloskar Industries expressed appreciation for Mr. Baheti's services and contributions during his tenure as CFO. The company stated that it is currently in the process of appointing a suitable candidate for the CFO and KMP positions. Details of the new appointment will be shared with stock exchanges once finalized.

Transition Process

To ensure a smooth transition, Mr. Baheti agreed to continue discharging his duties and responsibilities diligently during the notice period. He committed to extending full cooperation in handing over ongoing assignments, financial matters, and all related responsibilities to his successor or any person designated by the management.

Impact on Subsidiary

The change also affects Kirloskar Industries' wholly-owned subsidiary, Avante Spaces Limited, where Mr. Baheti held a similar position.

Market Reaction

As of the announcement, no significant impact on the company's stock price was reported. Investors and stakeholders will likely be watching closely for news of the successor appointment.

The departure of a key financial executive often signals a period of transition for a company. Stakeholders will be keen to see how Kirloskar Industries manages this change and who they bring on board to fill this crucial role.