KIRLOSKAR FERROUS INDUSTRIES LTD.
P&L
Quarterly Consolidated
vs Q2 FY25
Kirloskar Ferrous Industries Limited Reports 4% Increase in Revenue for Q3 FY 2025
05 Feb 2025 · 5 Feb 2025, 12:21 am
Summary
Kirloskar Ferrous Industries Limited, a leading castings and pig iron manufacturer, announced its unaudited financial results for Q3 and YTD FY 2025. The company reported a 4% increase in revenue year-on-year, but margins remained under pressure due to lower realizations on Pig Iron and Steel. The casting and tube business showed early signs of recovery. The quarter marked the commencement of mining operations with an annual permitted capacity of 1.24 Lakh MT, and the commissioning of Phase II of the Jalna Solar Power Project, bringing the total capacity to 69 MW DC at Jalna.
Key Highlights
- 1
Standalone revenue at INR 1,609 Cr, up by 4% year on year
- 2
Commencement of mining operations with an annual permitted capacity of 1.24 Lakh MT
- 3
Commissioning of Phase II of the Jalna Solar Power Project, bringing the total capacity to 69 MW DC at Jalna
- 4
Margins remained under pressure due to lower realizations on Pig Iron and Steel
- 5
Early signs of recovery in the casting and tube business
Management Comments
R.V.Gumaste
Managing Director, KFIL
We had a stable third quarter at KFIL, with revenue increasing by 4% year-on-year. However, margins remained under pressure due to lower realizations on Pig Iron and Steel. In our casting and tube business, we are beginning to see early signs of recovery. During the quarter, we commissioned oxygen enrichment, enabling increased utilization of pulverized coal, which reduces coke consumption thereby 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.
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