Kirloskar Ferrous Industries Ltd

Kirloskar Ferrous Industries announced that the 34th Annual General Meeting(AGM) of the company will be held on 4 August 2025.Powered by Capital Market - Live

Kirloskar Ferrous Industries has fixed 11 July 2025 as record date for payment of final dividend of Rs 2.50 per share for FY 2024-25. Powered by Capital Market - Live

The Board of Kirloskar Ferrous Industries at its meeting held on 9 May 2025 has approved to seek approval of the Members of the Company for fund raising not exceeding Rs 1,000 crore by way of issuance of Non-convertible Debentures in one or more tranches.Powered by Capital Market - Live

Profit before tax was at Rs 123.66 crore in the fourth quarter of FY25, up 243.5% compared to Rs 36 crore recorded in the corresponding quarter the previous year. Total expense jumped 11.03% year on year to Rs 1,637.68 crore during the quarter. The cost of materials consumed was Rs 917.86 crore (up 5.97% YoY), while other expenses stood at Rs 426.84 crore (up 3.86% YoY) during the period under review. On a full-year basis, the company's net profit fell 1.22% to Rs 294.04 crore on a 6.8% rise in revenue to Rs 6,564.23 crore in FY25 over FY24. Meanwhile, the company's board has recommended the final dividend of Rs 2.50 per equity share of Rs 5 each for the financial year 2024'2025 for approval of the members of the company at the ensuing annual general meeting. Additionally, the board approved seeking shareholder approval to raise up to Rs 1,000 crore through the issuance of non-convertible debentures (NCDs) in one or more tranches. Kirloskar Ferrous Industries is one of India's largest castings and pig iron manufacturers. The company caters to various industry sectors, such as tractors, automobiles and diesel engines.Powered by Capital Market - Live

Net profit of Kirloskar Ferrous Industries rose 417.02% to Rs 92.34 crore in the quarter ended March 2025 as against Rs 17.86 crore during the previous quarter ended March 2024. Sales rose 13.09% to Rs 1736.95 crore in the quarter ended March 2025 as against Rs 1535.92 crore during the previous quarter ended March 2024. For the full year,net profit declined 1.26% to Rs 294.03 crore in the year ended March 2025 as against Rs 297.79 crore during the previous year ended March 2024. Sales rose 6.80% to Rs 6564.23 crore in the year ended March 2025 as against Rs 6146.29 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales1736.951535.92 13 6564.236146.29 7 OPM %11.5910.75 -11.5214.03 - PBDT190.28134.79 41 664.32755.60 -12 PBT123.6662.59 98 408.49516.22 -21 NP92.3417.86 417 294.03297.79 -1 Powered by Capital Market - Live

Kirloskar Ferrous Industries will hold a meeting of the Board of Directors of the Company on 9 May 2025.Powered by Capital Market - Live

Kirloskar Ferrous Industries announced that Mahesh Chhabria (DIN 00166049) has ceased as a Non-Executive Non-Independent Director from the Board of the Company with effect from 31 March 2025.Powered by Capital Market - Live

Kirloskar Ferrous Industries has allotted 7,600 equity shares under ESOS on 06 March 2025. Consequently, the issued, subscribed and paid-up share capital of the Company stands increased to Rs 82,30,86,690 comprising of 16,46,17,338 equity shares of Rs 5 each.Powered by Capital Market - Live

However, revenue from operations rose 3.8% YoY to Rs 1,607.60 crore in the quarter ended 31 December 2024. Profit before tax was at Rs 78.52 crore in the third quarter of FY25, down 46.9% compared to Rs 147.88 crore recorded in the corresponding quarter previous year. The company reported an EBITDA of Rs 173.8 crore for Q3 FY25, registering a 25% decline compared to Rs 232.1 crore in the same quarter of the previous year. The EBITDA margin decreased to 11% in Q3 FY25, down from 15% in Q3 FY24. On nine-month basis, the company's consolidated net profit fell 27.9% to Rs 201.70 crore in 9M FY25, compared to Rs 279.93 crore in Q3 FY24. Revenue from operations rose 4.7% YoY to Rs 4,827.28 crore in 9M FY25. R.V. Gumaste, MD, KFIL, said, We had a stable third quarter at KFIL, with revenue increasing by 4% year-on-year. However, margins remained under pressure due to lower realizations on pig iron and steel. In our casting and tube business, we are beginning to see early signs of recovery. During the quarter, we commissioned oxygen enrichment, enabling increased utilization of pulverized coal, which reduces coke consumption, thereby enhancing productivity. This quarter also marked the commencement of mining operations with an annual permitted capacity of 1.24 lakh MT, reinforcing our vision of an integrated business model'ranging from mines to machined castings and mines to seamless tubes. Additionally, we commissioned Phase II of the Jalna solar power project, bringing our total capacity to 69 MW DC at Jalna. This milestone is a significant step in our sustainability efforts, strengthening our commitment to responsible business operations. Meanwhile, the company's board has declared an interim dividend of Rs 3 per equity share for the financial year 2024-2025. The record date for determining the list of members entitled to the interim dividend has been set for Friday, 14 February 2025. The interim dividend will be paid on or before 3 March 2025 through various payment methods, including direct credit, NEFT, RTGS, NECS, or demand drafts, as applicable. Kirloskar Ferrous Industries is one of India's largest castings and pig iron manufacturers. The company caters to various industry sectors, such as tractors, automobiles and diesel engines. The scrip shed 0.07% to Rs 543.65 on the BSE. Powered by Capital Market - Live

Kirloskar Ferrous Industries announced that the Board of Directors of the Company at its meeting held on 4 February 2025, inter alia, have recommended the interim dividend of Rs 3 per equity Share (i.e. 60%) , subject to the approval of the shareholders.Powered by Capital Market - Live