Kirloskar Ferrous Industries500245Castings, steel, pig
Kirloskar Ferrous reported a mixed Q2 with margin pressure despite good revenue growth, and the MD discussed tractor demand, tube margins, coking coal costs and margin targets
By ScoutQuest · · 1 min read
- Casting sales per quarter
- 50,000 tons
- Target casting volume for year
- 200,000 tons
- Tube volume this quarter
- 48 to 49 KT
- Expected tube volume next quarters
- 50 KT
- Industry pig iron exports
- 2 million tons
Heard on business television between 10:37:17 - 10:40:17 IST.
- Kirloskar Ferrous reported a mixed Q2, with margins under pressure despite revenue growth aided by better than expected casting and tube volumes.
- MD Mr. Gumaste said casting demand remained strong across auto, non-auto and earth-moving equipment sectors despite a small correction in tractor demand, with over 50,000 tons of castings sold per quarter and a target to cross 200,000 tons for the year.
- Tube margins contracted due to delays in oil & gas and project-related demand in Q1, but improved to near 48-49 KT in Q2 with expectations to exceed 50 KT in Q3 and Q4.
- Coking coal prices were substantially higher than last year, impacting pig iron margins, though costs were partly passed on via pig iron prices; India's pig iron exports are expected to exceed 2 million tons this year.
- Margins were about 12% in Q1 and fell to slightly under 11%; management targets 14-15% margins going forward, expects 12-14% EBITDA margins in Q2 and full year, and said an EBITDA of over 1000 crore rupees this year is possible, with H1 EBITDA at around 440-450 crore rupees.
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Source: Live TV News Channel · 2 Nov 2026
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