Kalyani Forge Q2FY27: Profit up 86.7% to ₹6.64 Cr, Approves ₹45 Cr Funding Plan
Kalyani Forge approved a ₹45 Cr funding plan (equity, debt, asset monetization). H1 FY27 PBT surged 118.8% to ₹9.39 Cr, PAT rose 86.7% to ₹6.64 Cr. Q2 FY27 PAT was ₹2.16 Cr. Trucks segment sales grew 75% YoY to ₹23.3 Cr, forming 43% of sales. FY27 capex is ₹30 Cr.
The positive financial performance, strategic funding plan, and growth in a key segment like Trucks are likely to have a significant impact on investor perception and the company's future prospects.
The company reported significant year-on-year growth in PBT and PAT, improved EBITDA margins, and a substantial increase in sales for the Trucks segment. The approval of a funding plan also indicates proactive financial management.
Kalyani Forge Limited has announced its financial results for the second quarter and first half of FY27, alongside an investor presentation.
The company's board has approved a funding plan of ₹45 crore, comprising equity (₹10 crore), debt (₹20 crore), and monetization of non-core assets and inventory (up to ₹20 crore). This plan aims to strengthen liquidity and support order ramp-up.
For the first half of FY27, Profit Before Tax (PBT) stood at ₹9.39 crore, an increase of 118.8% year-on-year, with Profit After Tax (PAT) at ₹6.64 crore, up 86.7%. Earnings Per Share (EPS) was ₹18.25, and EBITDA rose by 38.8% to ₹18.67 crore, with a margin of 15.3% compared to 11.1% in H1 FY26.
In Q2 FY27, the EBITDA margin was 14.2%, an improvement of approximately 158 basis points year-on-year. PBT was ₹3.24 crore, up 42.9% YoY, and PAT was ₹2.16 crore with an EPS of ₹5.94. The company reported that its Trucks segment experienced significant growth, increasing by approximately 75% year-on-year to ₹23.3 crore, now representing 43% of total sales.
Planned transitions, including the reconditioning of a 2500T press and relocation of the driveline machining plant, impacted sequential revenue, leading to a 18.5% decrease to ₹54.4 crore. However, margins were maintained above 14% during this period. Receivables saw an increase due to delayed remittances during a banking changeover and slower-than-planned lifting of legacy last-time-buy orders, with collections and export credit lines being normalized.
Key priorities for H2 FY27 include the ramp-up of CV OEM programs and machining de-bottlenecking, supported by a ₹30 crore capex plan for FY27. New engine and wheel hub orders, estimated at approximately ₹20 crore annually, are also set to ramp up.
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Kalyani Forge Limited filed this with the NSE as a statutory disclosure, categorised under other investor communications. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Kalyani Forge Limited. Read the original for the full detail.