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Kirloskar Ferrous Industries Limited 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 second quarter and six months of financial year ending March 31, 2025.
Commenting on the Q2 FY 2025 results, R.V.Gumaste, Managing Director, KFIL, said "In Q2, we observed a 7% growth in revenue; however, profitability declined due to margin pressure across product lines. This quarter, we commenced trial run operations at Oliver Engineering, subsidiary located near Chandigarh, which will enhance our reach to customers in North India. The solar project in Jalna is progressing as well and expected to complete the remaining 35MW by end of November. We anticipate demand to pick up in the second half of the year, as early indications suggest an uptick in capital expenditure post-elections, particularly for steel and seamless pipes.”
Net Sales at Rs 1,667.11 crore in September 2024 up 89.49% from Rs. 879.81 crore in September 2023.Quarterly Net Profit at Rs. 84.91 crore in September 2024 up 49.28% from Rs. 56.88 crore in September 2023.
EBITDA stands at Rs. 211.99 crore in September 2024 up 56.83% from Rs. 135.17 crore in September 2023. Kirloskar Ferro EPS has increased to Rs. 5.16 in September 2024 from Rs. 4.09 in September 2023.
