“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.” R.V. Gumaste, Managing Director, Kirloskar Ferrous Industries Limited
Kirloskar Ferrous Industries Limited (BSE: 500245), one of the leading castings and pig iron manufacturers and a leading player in steel and seamless tubes in India, has announced its unaudited financial results for the second quarter and six months of financial year ending March 31, 2025.
Commenting on the Q2 FY 2025 results, 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.”
Review of Standalone Q2 FY 25 Financial Performance:
● Revenue from operations at ₹1,667.1 Cr for Q2 FY25 vs ₹1,558.9 Cr for Q2 FY24; 7% increase Y-o-Y
● EBITDA* at ₹195.4 Cr for Q2 FY25 vs ₹255.6 Cr for Q2 FY24; 24% decrease Y-o-Y
● EBITDA* margin at 12% for Q2 FY25 vs 16% for Q2 FY24
● PBT# at ₹115.1 Cr for Q2 FY25 vs ₹171.8 Cr for Q2 FY24; 33% decrease Y-o-Y
● PAT at ₹84.9 Cr for Q2 FY25 vs ₹87.2 Cr for Q2 FY24; 3% decrease Y-o-Y
Review of Standalone YTD FY 25 Financial Performance:
● Revenue from operations at ₹3,220.8 Cr for YTD FY25 vs ₹3,057.0 Cr for YTD FY24; 5% increase Y-o-Y
● EBITDA* at ₹382.8 Cr for YTD FY25 vs ₹466.4 Cr for YTD FY24; 18% decrease Y-o-Y
● EBITDA* margin at 12% for YTD FY25 vs 15% for YTD FY24
● PBT# at ₹219.4 Cr for YTD FY25 vs ₹311.1 Cr for YTD FY24; 29% decrease Y-o-Y
● PAT at ₹160.5 Cr for YTD FY25 vs ₹183.4 Cr for YTD FY24; 13% decrease Y-o-Y
Review of Consolidated Q2 FY 25 Financial Performance:
● Revenue from operations at ₹1,666.0 Cr for Q2 FY25 vs ₹1,559.7 Cr for Q2 FY24; 7% increase Y-o-Y
● EBITDA* at ₹194.1 Cr for Q2 FY25 vs ₹253.2 Cr for Q2 FY24; 23% decrease Y-o-Y
● EBITDA* margin at 12% for Q2 FY25 vs 16% for Q2 FY24
● PBT# at ₹107.8 Cr for Q2 FY25 vs ₹169.8 Cr for Q2 FY24; 37% decrease Y-o-Y
● PAT at ₹77.6 Cr for Q2 FY25 vs ₹81.7 Cr for Q2 FY24; 5% decrease Y-o-Y
Review of Consolidated YTD FY 25 Financial Performance:
● Revenue from operations at ₹3,219.8 Cr for YTD FY25 vs ₹3,062.2 Cr for YTD FY24; 5% increase Y-o-Y
● EBITDA* at ₹381.1 Cr for YTD FY25 vs ₹461.2 Cr for YTD FY24; 17% decrease Y-o-Y
● EBITDA* margin at 12% for YTD FY25 vs 15% for YTD FY24
● PBT# at ₹206.3 Cr for YTD FY25 vs ₹305.8 Cr for YTD FY24; 33% decrease Y-o-Y
● PAT at ₹147.4 Cr for YTD FY25 vs ₹174.6 Cr for YTD FY24; 16% decrease Y-o-Y
*Excluding other income and exceptional item
#Excluding exceptional item
