Iron & Steel Products company Kirloskar Ferrous Industries announced Q2FY25 results Standalone Financial Highlights: Revenue from operations at Rs 1,667.1 crore for Q2FY25 vs Rs 1,558.9 crore for Q2FY24; 7% increase YoY. EBITDA at Rs 195.4 crore for Q2FY25 vs Rs 255.6 crore for Q2FY24; 24% decrease YoY. EBITDA margin at 12% for Q2FY25 vs 16% for Q2FY24. PBT at Rs 115.1 crore for Q2FY25 vs Rs 171.8 crore for Q2FY24; 33% decrease YoY. PAT at Rs 84.9 crore for Q2FY25 vs Rs 87.2 crore for Q2FY24; 3% decrease YoY Consolidated Financial Highlights: Revenue from operations at Rs 1,666.0 crore for Q2FY25 vs Rs 1,559.7 crore for Q2FY24; 7% increase YoY. EBITDA at Rs 194.1 crore for Q2FY25 vs Rs 253.2 crore for Q2FY24; 23% decrease YoY. EBITDA margin at 12% for Q2FY25 vs 16% for Q2FY24. PBT at Rs 107.8 crore for Q2FY25 vs Rs 169.8 crore for Q2FY24; 37% decrease YoY. PAT at Rs 77.6 crore for Q2FY25 vs Rs 81.7 crore for Q2FY24; 5% decrease YoY. R.V.Gumaste, Managing Director, KFIL, said: "In Q2, we observed a 7% growth in revenue; however, profitability declined due to margin pressure across product lines. This quarter, we commenced trial run operations at Oliver Engineering, subsidiary located near Chandigarh, which will enhance our reach to customers in North India. The solar project in Jalna is progressing as well and expected to complete the remaining 35MW by end of November. We anticipate demand to pick up in the second half of the year, as early indications suggest an uptick in capital expenditure post-elections, particularly for steel and seamless pipes.” Result PDF
Iron & Steel Products company Kirloskar Ferrous Industries announced Q1FY25 results: Standalone: Revenue from operations at Rs 1,553.7 crore for Q1FY25 vs Rs 1,498.0 crore for Q1FY24; 4% increase YoY EBITDA at Rs 186.9 crore for Q1FY25 vs Rs 210.3 crore for Q1FY24; 11% decrease YoY EBITDA margin at 12.0% for Q1FY25 14.0% for Q1FY24 PBT at Rs 104.3 crore for Q1FY25 vs Rs 139.2 crore for Q1FY24; 25% decrease YoY PAT at Rs 75.6 crore for Q1FY25 vs Rs 96.2 crore for Q1FY24; 21% decrease YoY Consolidated: Operating revenue at Rs 1,553.7 crore for Q1FY25 vs Rs 1,502.5 crore for Q1FY24; 3% increase YoY EBITDA at Rs 186.6 crore for Q1FY25 vs Rs 207.4 crore for Q1FY24; 10% decrease YoY EBITDA margin at 12.0% for Q1FY25 vs 13.8% for Q1FY24 PBT at Rs 98.5 crore for Q1FY25 vs Rs 135.9 crore for Q1FY24; 28% decrease YoY PAT at Rs 69.7 crore for Q1FY25 vs Rs 92.9 crore for Q1FY24; 25% decrease YoY Commenting on the Q1 FY 2025 results, R.V.Gumaste, Managing Director, KFIL, said "Today, we announced the first quarterly results of the merged entity and extend our gratitude to all stakeholders for their unwavering support in completing the merger process. The first quarter was challenging, marked by lower demand for most of our products and continued margin pressures. However, following Q1, we have observed improved demand for castings and tubes. We look forward to catch up with the volume for FY25. This quarter, we successfully commissioned the first phase of our solar plant at Jalna." Result PDF
Iron & Steel Products company Kirloskar Ferrous Industries announced Q4FY24 results: Standalone Financial Highlights: Operating revenue at Rs 994.4 crore for Q4FY24 vs Rs 991.0 crore for Q4FY23; at same level YoY EBITDA at Rs 96.9 crore for Q4FY24 vs Rs 158.0 crore for Q4FY23; 39% decrease YoY EBITDA margin at 10% for Q4FY24 vs 16% Q4FY23 PBT at Rs 43.8 crore for Q4FY24 vs Rs 110.2 crore for Q4FY23; 60% decrease YoY PAT at Rs 34.1 crore for Q4FY24 vs Rs 81.9 crore for Q4FY23; 58% decrease YoY Consolidated Financial Highlights: Operating revenue at Rs 1,535.9 crore for Q4FY24 vs Rs 1,565.6 crore for Q4FY23; 2% decrease YoY EBITDA at Rs 165.1 crore for Q4FY24 vs Rs 221.0 crore for Q4FY23; 25% decrease YoY EBITDA margin at 11% for Q4FY24 vs 14% Q4FY23 PBT (before exceptional Item) at Rs 62.6 crore for Q4FY24 vs Rs 159.0 crore for Q4FY23; 61% decrease YoY PAT at Rs 17.7 crore for Q4FY24 vs Rs 94.6 crore for Q4FY23; 81% decrease YoY Commenting on the Q4 and FY 2024 results, R. V. Gumaste, Managing Director, KFIL, said "This quarter has been challenging for KFIL due to demand-side issues. The subdued demand from the tractor industry impacted casting sales volumes, and pressure on pig iron margins affected the results. However, we are seeing early signs of revival, both in pig iron prices and tractor casting demand. All of our projects are progressing as planned, with many nearing completion. We expect to start seeing returns from these projects soon." Result PDF