Kirloskar Ferrous Industries Appoints New Director and Secretarial Auditor at Annual General Meeting
Kirloskar Ferrous Industries Limited held its 34th Annual General Meeting on August 4, 2025. Shareholders approved the appointment of Ms. Aditi Atul Kirloskar as a Director and M/s. M. J. Risbud & Co as Secretarial Auditor for five years. Other approved resolutions included adoption of financial statements, dividend confirmation, reappointment of Mr. Rahul Chandrakant Kirloskar as Director, ratification of Cost Auditor remuneration, and authority for the Board to raise funds up to ₹1,000 Crores through Non-convertible Debentures. The AGM, conducted via video conferencing, saw participation from 70 shareholders out of 106,695 total shareholders.
Kirloskar Ferrous Industries Limited (KFIL) reported robust Q1 financial results with revenue of ₹1,685.05 crore and net profit of ₹95.77 crore. The company's board approved a merger scheme with its wholly-owned subsidiaries, Oliver Engineering Private Limited and Adicca Energy Solutions Private Limited. The merger aims to consolidate businesses, optimize costs, and leverage synergies. KFIL's segment-wise revenue breakdown shows Casting at ₹1,000.45 crore, Tube at ₹570.77 crore, and Steel at ₹358.07 crore. The company's net worth stood at ₹2,198.53 crore with an improved debt-to-equity ratio of 0.35.
Kirloskar Ferrous Industries Limited (KFIL) posted strong Q1 results with net profit rising 26.7% to ₹95.77 crore. Revenue grew 8.5% to ₹1,685.05 crore, while EBITDA increased to ₹213.88 crore with improved margin of 12.69%. The Casting segment remained the largest revenue contributor. The company's debt-equity ratio improved to 0.35, and it raised ₹400 crore through commercial papers for working capital and corporate purposes.
22Jul 25
Kirloskar Ferrous Industries Secures Preferred Bidder Status for Jambunatha Iron Ore Mine in Karnataka
Kirloskar Ferrous Industries Limited (KFIL) has been declared the preferred bidder for the Jambunatha Iron Ore Mine in Karnataka following an electronic auction on January 27, 2025. The company received official confirmation through a letter from the Karnataka Government's Department of Mines and Geology. KFIL must now complete necessary payments, fulfill tender conditions, obtain approvals, and execute agreements to acquire the mining lease. This development could provide KFIL with resource security, cost efficiency, and vertical integration benefits in its iron and steel operations.
22Jul 25
Kirloskar Ferrous Industries Secures Preferred Bidder Status for Jambunatha Iron Ore Mine in Karnataka
Kirloskar Ferrous Industries Limited (KFIL) has been named the preferred bidder for the Jambunatha Iron Ore Mine in Karnataka following an electronic auction on January 27, 2025. The company submitted the highest final price offer in the competitive bidding process conducted by the Karnataka Government's Department of Mines and Geology. KFIL received official confirmation of its status through a letter from the state government. To obtain the mining lease, the company must now complete several steps, including making necessary payments, fulfilling tender conditions, and securing required approvals and permissions.
09May 25
Kirloskar Ferrous Industries Posts Strong Q4 Results and Plans 10 Billion Rupee Fund Raise
Kirloskar Ferrous Industries announced impressive Q4 results with revenue reaching ₹17.40 billion, up 13.73% year-over-year. EBITDA increased to ₹1.99 billion, a 10.56% rise. Net profit more than doubled to ₹956.00 million, marking a 116.29% increase. The company plans to seek shareholder approval for raising up to ₹10 billion in funds.
28Apr 25
Kirloskar Ferrous Industries Launches Commercial Production at Punjab Plant
Kirloskar Ferrous Industries Limited (KFIL) has commenced commercial production of castings at its subsidiary Oliver Engineering Private Limited's plant in Punjab. The facility, located in Village Sandharsi, Tehsil Rajpura, Patiala, has completed validation trials and transitioned to full-scale operations. This expansion marks KFIL's entry into commercial casting production in northern India, potentially strengthening its market position and production capabilities.