Kirloskar Industries Announces Updates on Material Subsidiary Kirloskar Ferrous Industries
Kirloskar Industries announces updates on Kirloskar Ferrous Industries' Q2 FY26 results, including details on pig iron, casting, tube, and steel sales, along with EBITDA and PBT growth.
The announcement provides updates on the performance and future plans of a material subsidiary, which could influence investor perception and potentially affect the stock's trading activity.
The announcement primarily provides factual updates on Kirloskar Ferrous Industries' performance and future plans without expressing strong positive or negative views.
* Kirloskar Industries Limited (KIRLOSIND) announces updates regarding its material subsidiary, Kirloskar Ferrous Industries Limited (KFIL). * KFIL held an earnings conference call for investors and analysts on 7 November 2025 regarding Q2 FY26 results. * Mr. R.V. Gumaste, Managing Director, and Mr. R.S. Srivatsan, Executive Director and CFO, represented KFIL on the call. * Production and sales were good during the quarter. Pig iron sales were 131,508 metric tons. * Casting sales for the quarter were 36,673 metric tons, and tube sales were 49,588 tons, a 24% increase year-over-year. * Steel sales were 19,616 tons, a 4% increase. * The sales value of pig iron dropped by 9% due to a decrease in prices from ₹41,670 to ₹37,098 per metric ton. * Casting sales were ₹456 crore, a slight decrease of 0.3%. * Tube sales increased from ₹478 crore to ₹565 crore, an 18% growth. * Steel sales value dropped from ₹144 crore to ₹139 crore, a 3% decrease. * EBITDA grew from ₹195 crore to ₹214 crore for the quarter. * PBT for the quarter was ₹126 crore, a 9.4% increase. * Demand for castings continues to be strong, and the company has won tenders in the tube sector. * Projects for solar and wind energy, steelmaking, and copper are being pursued. * Transcript of the conference call is available on the company's website.
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Kirloskar Industries Limited filed this with the NSE as a statutory disclosure, categorised under other company updates. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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