Risk Intelligence
Solapur foundry ramp-up delays
View Risks →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.
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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.
Solapur foundry ramp-up delays
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Read Transcript →Driven by strong demand from auto and tractor sectors; new customer additions.
Due to planned stoppage at Hirur blast furnace for 3.5 months.
Includes Oliver foundry ramp-up to 24,000 MT and Solapur to 60,000 MT.
Expansion via new expander mill; capex of ₹500+ crore over 1.5 years.
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.
Solapur foundry utilization is at 70% (4,200 MT/month vs target 5,000 MT) due to process stabilization issues with complex castings.
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