KIRLOSKAR FERROUS INDUSTRIES LTD.

Kirloskar Ferrous Industries Ltd has announced the appointment of Mr. Ajay Shriram Patil as a Director and Joint Managing Director for a term of three years, effective September 21, 2026. This appointment follows the company's earlier communication and is based on the Scrutiniser's Report on the voting results from a Postal Ballot. The members of the company have approved this significant management change.

Kirloskar Ferrous Industries Limited (KFIL) announced its unaudited financial results for the second quarter of FY2027, reporting a standalone revenue of INR 2,047 Crore, a 17% increase year-on-year. Profit Before Tax (PBT) also saw a significant jump of 15% year-on-year to INR 138 Crore. The company attributed this growth to optimized capacity utilization, with record steel volume of 26,606 MT and gross casting sales volume exceeding 50,000 MT. Proactive cost management helped protect margins despite rising coking coal prices and rupee depreciation. KFIL plans to expand steel and casting capacities, leveraging its new solar energy capacity and ongoing projects to enhance cost competitiveness. Consolidated revenue also grew 17% to INR 2,047 Crore, with PBT increasing by 15% to INR 138 Crore. The results reflect the impact of the merger with Oliver Engineering Private Limited and Adicca Energy Solutions Private Limited, with prior year numbers restated.

Kirloskar Ferrous Industries Ltd announced its unaudited financial results for the quarter and six months ended September 30, 2026. The Board of Directors approved the results in a meeting held on October 30, 2026. The company also received a limited review report from its statutory auditor, P G Bhagwat LLP. The financial results include both standalone and consolidated figures.

Kirloskar Ferrous reported consolidated revenue of ₹2,046.68 Cr for Q2 FY27, up 16.6% YoY and 15.5% QoQ, with PAT of ₹97.54 Cr, up 10.2% YoY and 18.5% QoQ, and basic EPS of ₹5.91. There was no exceptional item this quarter (unlike Q1 FY27's ₹29.33 Cr NCLT/ISMT merger-related stamp duty charge), so this is a clean print against a clean year-ago base — and on that clean basis, profit growth trailed revenue growth, the signature of margin compression rather than a strong quarter. Operating margin fell to 10.89% from 12.21% a year ago and 12.18% last quarter, well short of the ~15% OPM management had explicitly guided toward for Q2–Q3 FY27 once price hikes crystallized (per the August 2026 concall). The compression traces almost entirely to the Tube segment: segment profit fell to ₹13.83 Cr from ₹67.74 Cr YoY (-79.6%) and from ₹40.61 Cr QoQ (-65.9%), even as tube revenue was roughly flat (+1.2% YoY to ₹629.53 Cr) — a margin squeeze, not a volume problem. Castings partly offset this, with segment revenue up 22.5% YoY to ₹1,308.42 Cr and segment profit up 62.6% YoY to ₹124.28 Cr, running ahead of management's 17-20% FY27 castings growth guidance. Steel segment profit nearly quadrupled YoY (₹8.97 Cr to ₹30.48 Cr) but on revenue growth of just 4.0%, well behind the 20% target management had set. Against FY27 guidance (15%+ overall revenue growth, castings 17-20%, steel 20%, tubes 10% minimum, OPM scaling to 15%), the company is tracking ahead on overall revenue and castings but well behind on steel and tube volumes, and missed the margin trajectory flagged for this quarter. We could not find a quarter-specific Street PAT estimate for KFIL — only a full-year FY27 consensus (~₹30.2 EPS, +34% YoY) too coarse to grade this print against — so vsStreet is marked unknown; no separate management press release for this quarter was available in our records. Operationally, the Hiriyur plant was suspended for maintenance from Oct 1 and resumed Oct 17, 2026 — after the quarter closed, so it had no bearing on these numbers but is a Q3 watch item. Two Joint MD/Deputy CFO-level appointments (including Ajay Patil, Sept 21) and an independent director retirement were also recorded this quarter, with no direct P&L impact. Q3 FY27 is the quarter management explicitly tied to OPM reaching 15% on price hikes; this print falls well short of that marker with one quarter left in the window, and the tube segment's margin recovery is now the key swing factor given castings is already running ahead of plan.

Kirloskar Ferrous Industries Ltd has announced that its Board of Directors will convene on October 30, 2026. The primary agenda item for this meeting is to consider and approve the unaudited financial results, both standalone and consolidated, for the second quarter and the first six months of the fiscal year ending September 30, 2026. This announcement is made in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Kirloskar Ferrous Industries Ltd has announced the resumption of operations at its Mini Blast Furnace in the Hiriyur plant, Karnataka. This follows a previous communication on October 1, 2026, and the operations have been active since October 16, 2026. This resumption is expected to contribute to the company's overall production and revenue.

Kirloskar Ferrous Industries Ltd announced the retirement of Mr. Vijaydipak Mukundprasad Varma (DIN: 00011352) as an Independent Director. His retirement is effective from September 30, 2026. This decision was made pursuant to a resolution passed by the company's members at their Annual General Meeting held on September 24, 2024. The company has formally acknowledged and expressed its sincere appreciation for Mr. Varma's valuable contributions during his tenure.

Kirloskar Ferrous Industries Ltd has temporarily suspended operations at its Hiriyur plant in Karnataka. The Mini Blast Furnace will be non-operational for approximately fifteen days starting October 1, 2026, to facilitate normal maintenance and repair activities. This temporary shutdown is a routine measure and is expected to have a limited impact on overall production.

Kirloskar Ferrous Industries Ltd has announced the closure of its trading window for dealing in the company's securities. The window will be shut from October 1, 2026, to November 3, 2026, inclusive. This closure is in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct for designated persons and their immediate relatives. The measure is standard practice to prevent potential insider trading during periods of sensitive information disclosure.

Kirloskar Ferrous Industries Limited (KFIL) announced the appointment of Ajay Patil as Joint Managing Director, effective from September 21, 2026, to September 20, 2029. Mr. Patil brings extensive experience of 36 years in driving profitable growth, corporate governance, business strategy, capital allocation, enterprise transformation, mergers and acquisitions, joint ventures, sustainability, and enterprise risk management. He previously served as the Global Chief Financial Officer of RSB Transmission (India) Limited. The company's Managing Director, R. V. Gumaste, stated that this appointment strengthens the leadership bandwidth and aligns with KFIL's priorities for sustainable growth and market position enhancement.