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KIRLOSKARFERROUS Diversified 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.

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Revenue ₹1,817 Cr
EBITDA
PAT ₹123 Cr
EBITDA Margin 12%
Duration 63 min
Read Time 1 min read

✓ Verified against BSE filing

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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.

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Solapur foundry ramp-up delays

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Quarter Snapshot

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.

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Guidance and risk preview

Top 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.

Top risk 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.

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