Latest news about KIOCL
KIOCL
379.80
-8.50(-2.19%)
Company Performance:
View Company Insights1D-2.19%
1M+8.90%
6M+13.68%
1Y-10.21%
5Y+51.22%
More news about KIOCL
16Apr 26
KIOCL Limited Announces Completion of Independent Director Changdev Kamble's Tenure
KIOCL Limited disclosed the completion of Shri Changdev Sukhadev Kamble's one-year tenure as Independent Director on April 15, 2026. The Government of India enterprise has not yet received communication regarding a replacement appointment from the Ministry of Steel. The disclosure was made in compliance with SEBI regulations to NSE, BSE, and Metropolitan Stock Exchange.
12Feb 26
KIOCL Limited Reports Q3 FY26 Net Profit of ₹18.13 Crores, Reverses Previous Quarter Losses
KIOCL Limited reported a net profit of ₹18.13 crores in Q3 FY26, marking a significant turnaround from the previous quarter's loss of ₹17.16 crores. Total revenue increased to ₹175.39 crores with income from operations at ₹159.65 crores. For the nine-month period, the company reduced its net loss to ₹36.82 crores compared to ₹167.72 crores in the previous year. The Board approved these results on February 12, 2026, operating without an Audit Committee due to absence of independent directors.
20Dec 25
KIOCL Credit Rating Downgraded and Withdrawn by BWR
Brickwork Ratings has downgraded and withdrawn KIOCL Limited's credit ratings for bank loan facilities totaling ₹1,050 crores. The rating action follows KIOCL's full repayment of facilities and significant deterioration in financial performance. Total operating income declined by 68.16% in FY25, with net losses widening to ₹204.58 crores. Operational challenges include reduced production, export volumes, and high fixed costs. Despite these issues, KIOCL maintains a strong liquidity position with ₹690 crores cash in H1 FY26 and remains debt-free. The company is developing the Devadari iron ore mine to improve raw material supply and profitability.
14Nov 25
KIOCL Reports Significant Revenue Growth and Reduced Losses in Q2
KIOCL Limited's Q2 financial results show a significant improvement. Revenue surged 780% to ₹1.42 billion from ₹161.40 million in the previous year. Net loss reduced by 75.20% to ₹171.50 million from ₹692.00 million. The substantial revenue growth and reduced losses indicate a strong operational recovery for the company.
07Oct 25
KIOCL Stock Drops 7% After Dramatic 50% Surge Amid Limited Free Float
KIOCL Ltd., an iron ore mining company, saw significant stock price fluctuations in recent trading sessions. The stock dropped over 7% on Tuesday following a nearly 50% surge over the previous three days. On Monday, trading volume reached 2.60 crore shares, 16 times the 20-day average. Despite a market cap exceeding ₹38,000 crore, KIOCL's 99% government ownership leaves almost zero free float, contributing to exaggerated price movements. Monday's turnover was five times the free float market cap, highlighting the stock's susceptibility to extreme volatility.
06Oct 25
KIOCL Shares Soar 19% to 52-Week High Amid Unusual Trading Activity
KIOCL Limited's shares rose 19% to a 52-week high of Rs 629.30 on the NSE, with a 48% gain over three sessions. Trading volume exceeded 2 crore shares, valued at Rs 1,320 crore. The stock has outperformed benchmarks with 230% returns over three years. Despite improved financials, with net loss reducing to Rs 38 crore in the recent quarter, the surge prompted exchanges to request clarification from the company due to abnormal trading activity.
11Aug 25
KIOCL Limited Exits 100% Export Oriented Unit Scheme, Faces Rs. 36.95 Crore in Pending Demands
KIOCL Limited has received final approval to exit the 100% Export Oriented Unit (EOU) Scheme from the Development Commissioner of Cochin Special Economic Zone. The exit order, dated August 7, 2025, cancels KIOCL's previous Letter of Permission and Green Card under the EOU Scheme. The approval is subject to conditions including settling customs duties, executing legal undertakings, and complying with Foreign Trade Policy 2023. KIOCL faces Rs. 36.95 crore in confirmed demands across four pending cases. The company has executed a legal undertaking to pay any penalties under the Foreign Trade Act, 1992.
28May 25
KIOCL Reports Narrowed Q4 Loss Despite Revenue Decline
KIOCL Limited, a public sector company under the Ministry of Steel, released its Q4 financial results. Revenue decreased by 33.24% year-over-year to ₹2.47 billion. However, the company reduced its net loss to ₹368.60 million, down 14.28% from the previous year's Q4 loss of ₹430.00 million. Sequentially, KIOCL improved its performance, with net loss decreasing by 22.87% compared to the previous quarter's ₹477.90 million.
11Mar 25
Steel Ministry Clarifies: No Decision on KIOCL and NMDC Merger
The Indian Steel Ministry has clarified that there is no current decision to merge KIOCL (Kudremukh Iron Ore Company Limited) and NMDC (National Mineral Development Corporation), dispelling recent speculation in the steel sector. This statement addresses ongoing rumors about potential consolidation among state-owned mining companies. While a merger is not currently planned, the circulation of such rumors suggests possible future strategic considerations for optimizing state-owned mining company performance.
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