KIRLOSKARFERROUS Other 15 May 2026

Kirloskar Ferrous Industries Limited — Q4 FY26

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.

bullish medium

Revenue ₹1,817 Cr

EBITDA —

PAT ₹123 Cr

EBITDA Margin 12%

Duration 63 min

Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

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.

Key Numbers

Casting Production (Q4) 36,596 MT

+13% YoY

Driven by strong demand from auto and tractor sectors; new customer additions.

Pig Iron Production (Q4) 1,58,152 MT

-3% YoY

Due to planned stoppage at Hirur blast furnace for 3.5 months.

Casting Volume Target (FY27) 1,85,000-1,90,000 MT

+15% YoY

Includes Oliver foundry ramp-up to 24,000 MT and Solapur to 60,000 MT.

Seamless Tube Capacity Target 4,00,000 MT

+74% vs current

Expansion via new expander mill; capex of ₹500+ crore over 1.5 years.

Management Guidance

Casting volume target of 1,85,000-1,90,000 MT in FY27

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.

Management guidance growth

Seamless tube capacity expansion to 4 lakh MT

Planned expander mill to increase capacity by 1.5 lakh MT; capex of ₹500+ crore over 1.5 years.

Management guidance capex

Green power capacity addition of 60 MW in FY27

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 guidance ai_strategy

EBITDA margin improvement to 15%

Management targets 15% EBITDA margin across all products, driven by volume growth and commodity price recovery.

Management guidance margins

Key Risks

Solapur foundry ramp-up delays

Solapur foundry utilization is at 70% (4,200 MT/month vs target 5,000 MT) due to process stabilization issues with complex castings.

medium · analyst_question

Commodity price volatility

Pig iron and steel prices have been volatile; recent increases may not fully offset cost pressures from coal and dollar strength.

high · management_commentary

Execution risk in tube expansion

The ₹500+ crore seamless tube expansion project has a 1.5-year timeline; any delays could impact growth targets.

medium · data_observation

Notable 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.

RBI Gumaste · Managing Director

We are comfortable only when we are at 15% EBITDA margin and in all products we continue to look for volume growth.

RBI Gumaste · Managing Director

We have no choice but to immediately take up seventh foundry program to ensure that we service the customers without any failure.

RBI Gumaste · Managing Director

Frequently Asked Questions

What was Kirloskar Ferrous Industries's revenue in Q4 FY26?

Kirloskar Ferrous Industries reported revenue of ₹1,817 Cr in Q4 FY26, representing a — change compared to the same quarter last year.

What guidance did Kirloskar Ferrous Industries management give for FY27?

Casting volume target of 1,85,000-1,90,000 MT in FY27: 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. Seamless tube capacity expansion to 4 lakh MT: Planned expander mill to increase capacity by 1.5 lakh MT; capex of ₹500+ crore over 1.5 years. Green power capacity addition of 60 MW in FY27: Commissioning 35 MW solar by July-August and 25 MW wind by September; expected annual benefit of ₹70-90 crore at full run-rate. EBITDA margin improvement to 15%: Management targets 15% EBITDA margin across all products, driven by volume growth and commodity price recovery.

What are the key risks for Kirloskar Ferrous Industries in FY27?

Key risks include Solapur foundry ramp-up delays — Solapur foundry utilization is at 70% (4,200 MT/month vs target 5,000 MT) due to process stabilization issues with complex castings.; Commodity price volatility — Pig iron and steel prices have been volatile; recent increases may not fully offset cost pressures from coal and dollar strength.; Execution risk in tube expansion — The ₹500+ crore seamless tube expansion project has a 1.5-year timeline; any delays could impact growth targets..

Did Kirloskar Ferrous Industries meet its previous quarter's guidance?

Scorecard data is being built as historical quarters are processed.

Where can I read the full Kirloskar Ferrous Industries Q4 FY26 concall transcript?

The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary with filing verification status shown on the financial stats.