| Metric | Value (₹ Cr) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 57.86 | 3.9% | 1.3% |
| Total Income | 58.22 | 3.5% | 1.9% |
| Expenditure | 54.27 | 0.6% | 4.1% |
| PBT | 3.95 | 74.2% | 41.7% |
| Net Profit | -0.12 | 105.5% | 106.5% |
| OPM | 15.14% | 3.37pp | 18.55pp |
| NPM | -0.20% | 4.02pp | 3.26pp |
| EPS | 0.33 | 94.4% | 93.4% |
Kalyani Forge Achieves All-Time High EBITDA Margin of 15.7% in Q3 FY26
11 Feb 2026 · 11 Feb, 6:32 pm
Summary
Kalyani Forge Limited announced its financial results for Q3 FY26, reflecting improved operating performance and continued structural progress in its transformation journey. The company achieved the highest EBITDA margin in its history, reflecting disciplined cost management and structural improvements across operations. Despite moderated revenue growth, operating profitability has strengthened materially. The company remains focused on sustainable margins, cash flow predictability, and disciplined capital alignment to support long-term growth.
Key Highlights
- 1
Revenue of ₹58.22 crore, up ₹1.99 crore quarter-on-quarter
- 2
EBITDA margin at 15.7%, the highest in the Company’s history
- 3
Profit Before Tax (PBT) of ₹3.95 crore, strongest in the last four quarters
- 4
Profit After Tax (PAT) of =(₹0.12) crore, impacted by deferred tax adjustments
- 5
Strengthening operational performance
- 6
Continued governance clean-up and balance sheet discipline initiatives
- 7
Multiple savings programs across material and conversion costs
- 8
Improving structural efficiency and business quality
- 9
Working capital discipline improved
- 10
Evaluating options of long term loan and equity raise
- 11
Moved into the execution phase of its Clean Audit roadmap
- 12
Outsourced ledger clearing and reconciliation processes have commenced
Management Comments
Mr. Viraj Kalyani
Managing Director
We achieved the highest EBITDA margin in the Company’s history this quarter, reflecting disciplined cost management and structural improvements across operations. While revenue growth was moderated due to deliberate exit from low-quality business, operating profitability has strengthened materially. Our focus remains on sustainable margins, cash flow predictability, and disciplined capital alignment to support long-term growth.
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