Kirloskar Industries500243Earnings call transcript

Material subsidiary's Q2 FY'27 earnings call transcript: 16% topline growth, casting output up 20%

Material subsidiary's Q2 FY'27 earnings call transcript shared.

By ScoutQuest · Sat 7 Nov 2026, 6:57 PM IST · 3 min read

Q2 Topline: Rs. 2,057 crores (up 16% YoY)
Q2 PBT: Rs. 138 crores
Castings Revenue: Rs. 633 crores

What has been shared

The company has circulated an intimation shared by its listed material subsidiary, Kirloskar Ferrous Industries Limited (KFIL), with the stock exchanges. The intimation is the transcript of KFIL's Q2 FY'27 earnings conference call held on 2 November 2026, hosted by Antique Stock Broking. Management was represented by Mr. R. V. Gumaste (Managing Director), Mr. Ajay Patil (Joint Managing Director) and Mr. R. S. Srivatsan (Executive Director - Finance and CFO).

Quarter 2 FY'27 financials

Topline of Rs. 2,057 crores against Rs. 1,755 crores in the same quarter last year, a growth of 16%.
Profit before tax (PBT) of Rs. 138 crores, against Rs. 120 crores in the same quarter last year.
Sales value from pig iron rose 20% to Rs. 581 crores from Rs. 483.9 crores.
Castings sales value rose about 30% to Rs. 633 crores from Rs. 487.8 crores.
External steel sales rose 48% to Rs. 206 crores from Rs. 139 crores.

Volumes

Pig iron hot metal production for the six months was 3,31,896 metric tons against 3,22,000 metric tons, a productivity improvement of 3%.
Casting production moved to 93,000 metric tons from 78,000 metric tons, a rise of 20%; tube output was down 7.5% and steel output was up almost 14% at 1,33,000 metric tons against 1,17,000 metric tons.
In the quarter, external pig iron sales were 1,34,000 metric tons against 1,28,000 metric tons, up 3.5%; casting net sales were 47,888 metric tons against 39,980 metric tons, about 20% higher, with gross casting sales crossing 50,000 metric tons for the first time; tube sales were 48,547 metric tons against 49,588 metric tons, down about 2%.
One export cargo of 31,000 metric tons of pig iron was shipped, where export realisation was better than domestic.

Realisations

Pig iron ex-works average realisation moved from Rs. 38,000 to Rs. 43,054, up 12.4%.
Casting realisation rose 6.8% to Rs. 1,30,000 per ton from Rs. 1,21,000.
Tube realisation was Rs. 1,16,953 against Rs. 1,13,998, up 1.6%.
Steel realisation moved from Rs. 70,700 to Rs. 77,500, an improvement of 7.6%.

Expansion projects

At Solapur, phase one and phase two of the second foundry line are almost done; output is at 5,200 metric tons a month and more than 15,000 metric tons a quarter, with an effort to cross 6,000 metric tons a month or 18,000 metric tons a quarter.
Rajpura phase two is targeted by 31 March to take capacity close to 4,000 metric tons a month, with readiness expected by the first quarter of next year.
Steel projects at Jejuri (rolling mill), Baramati (expander mill) and Ahmednagar (piercing mills) are in the execution stage after delays related to market and technology finalisation.
For the Koppal alloy steel plant, technology design partners are tied up; equipment ordering is at the commercial negotiation stage, with the project expected to be taken up in full in the next two to three months and around 20 months for execution.

Other points

35 megawatts of wind capacity at Solapur has been commissioned; not all windmills are commissioned.
Pig iron volume is seen at 6,60,000 to 6,70,000, with oxygen enrichment and PCI at both Koppal blast furnaces due by year end, and 8.5 to 9 lakh metric tons once the Hiriyur plant is upgraded.
On castings, some price increases are yet to be realised because of the quarter-to-quarter mechanism, and the company expects cost, quality and machining efforts to support realisations.
On succession, the Managing Director said the company is getting into that phase and a smooth transition will be ensured.

What it means for a retail reader

This is an earnings-call transcript of the listed material subsidiary rather than a fresh corporate action. It sets out management's own account of quarterly volumes, realisations, export activity and the status of the Solapur, Rajpura, Jejuri, Baramati, Ahmednagar and Koppal projects.

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