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Revenue
₹1,817 Cr
verified against source
Revenue YoY
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reported change
EBITDA
Pending
latest reported figure
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Actual signal trajectory
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Quarter read
What the record says.
Kirloskar Ferrous reported Q4 FY26 revenue of ₹1,781 crore, with casting production up 13% YoY to 36,596 MT, driven by strong demand from auto and tractor sectors. Pig iron production fell 3% due to a planned blast furnace stoppage at Hirur. Full-year revenue grew 3.5% to ₹6,861 crore, with PBT improving to ₹514 crore from ₹432 crore (excl. exceptional items). Management guided for 15% volume growth in castings in FY27, targeting 1,85,000-1,90,000 MT, supported by the ramp-up of Solapur and Oliver foundries. The seamless tube expansion to 4 lakh MT capacity and backward integration (iron ore mines, green power) are key strategic levers. Risks include commodity price volatility and execution delays in Solapur ramp-up.
Colored figures show movement against the previous available record.
Guidance to track
- Management targets 15% volume growth in castings, driven by Solapur ramp-up to 5,000 MT/month and Oliver to 2,000 MT/month average.
- Planned expander mill to increase capacity by 1.5 lakh MT; capex of ₹500+ crore over 1.5 years.
- Commissioning 35 MW solar by July-August and 25 MW wind by September; expected annual benefit of ₹70-90 crore at full run-rate.
- Management targets 15% EBITDA margin across all products, driven by volume growth and commodity price recovery.
Risks flagged
- Solapur foundry utilization is at 70% (4,200 MT/month vs target 5,000 MT) due to process stabilization issues with complex castings.
- Pig iron and steel prices have been volatile; recent increases may not fully offset cost pressures from coal and dollar strength.
- The ₹500+ crore seamless tube expansion project has a 1.5-year timeline; any delays could impact growth targets.
Key quotes
- Our effort to grow 20-25% are not realistic. I look forward to volumetric growth of say 15% which I consider as reasonably good.
- We are comfortable only when we are at 15% EBITDA margin and in all products we continue to look for volume growth.
- We have no choice but to immediately take up seventh foundry program to ensure that we service the customers without any failure.
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