Kirloskar Ferrous Industries Limited (BSE: 500245), one of the leading castings and pig iron manufacturers and a leading player in steel and seamless tubes in India, announced its unaudited financial results for the third quarter and nine months of the financial year ending March 31, 2025.
While commenting on the results, R.V.Gumaste, Managing Director, KFIL, said, "We had a stable third quarter at KFIL, with revenue increasing by 4 per cent year-on-year. However, margins remained under pressure due to lower realisations on Pig Iron and Steel. We are seeing early signs of recovery in our casting and tube business. During the quarter, we commissioned oxygen enrichment, enabling increased utilisation of pulverised coal, reducing coke consumption and 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."
For Q3 FY25, the company reported a revenue from operations of Rs 1,609.3 crore, marking a 4 per cent increase compared to Rs 1,544.6 crore in Q3 FY24. However, the EBITDA stood at Rs 176.6 crore, reflecting an 18 per cent decrease from Rs 216.0 crore in the same period last year. As a result, the EBITDA margin also declined to 11 per cent in Q3 FY25, down from 14 per cent in Q3 FY24. PBT witnessed a decline of 38 per cent, amounting to Rs 85.0 crore for Q3 FY25, compared to Rs 136.5 crore in Q3 FY24. The PAT decreased by 35 per cent, reaching Rs 61.2 crore in Q3 FY25, down from Rs 94.0 crore in Q3 FY24.
For the YTD period of FY25, the company reported revenue from operations of Rs 4,830.1 crore, reflecting a 5 per cent increase compared to Rs 4,601.6 crore in FY24. However, EBITDA for YTD FY25 stood at Rs 559.4 crore, showing an 18 per cent decrease from Rs 682.5 crore in the same period last year. Consequently, the EBITDA margin declined to 12 per cent in YTD FY25, compared to 15 per cent in YTD FY24. The PBT dropped by 32 per cent, reaching Rs 304.4 crore in YTD FY25, down from Rs 447.6 crore in YTD FY24. The company's PAT decreased by 20 per cent, amounting to Rs 221.7 crore in YTD FY25, compared to Rs 277.4 crore in YTD FY24.
For the consolidated Q3 FY25, the company reported a revenue from operations of Rs 1,607.6 crore, reflecting a 4 per cent increase compared to Rs 1,548.2 crore in Q3 FY24. The consolidated EBITDA for Q3 FY25 stood at Rs 173.8 crore, showing a significant 25 per cent decrease from Rs 232.1 crore in the same period last year. The EBITDA margin dropped to 11 per cent in Q3 FY25, compared to 15 per cent in Q3 FY24. PBT also saw a sharp decline of 47 per cent, reaching Rs 78.5 crore in Q3 FY25, down from Rs 147.9 crore in Q3 FY24. The company's PAT dropped by 48 per cent, amounting to Rs 54.3 crore in Q3 FY25, compared to Rs 105.3 crore in Q3 FY24.
For the consolidated YTD FY25, the company recorded revenue from operations of Rs 4,827.3 crore, marking a 5 per cent increase from Rs 4,610.4 crore in YTD FY24. The EBITDA for YTD FY25 stood at Rs 554.9 crore, representing a 20 per cent decline compared to Rs 693.3 crore in YTD FY24. The EBITDA margin also dropped to 11 per cent for YTD FY25, down from 15 per cent in the same period last year. PBT declined by 37 per cent, reaching Rs 284.8 crore in YTD FY25, compared to Rs 453.6 crore in YTD FY24. The PAT dropped by 28 per cent, amounting to Rs 201.7 crore in YTD FY25, down from Rs 279.9 crore in YTD FY24.
.png)
.png)
