Solapur, India February 5th, 2025: 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, announced today its unaudited financial results for the third quarter and nine months of financial year ending March 31, 2025.
Commenting on the Q3 FY 2025 results, R.V.Gumaste, Managing Director, KFIL, said “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.”
Review of Standalone Q3 FY 25 Financial Performance:
- Revenue from operations at INR 1,609.3 Cr for Q3 FY25 vs INR 1,544.6 Cr for Q3 FY24; 4% increase Y-o-Y
- EBITDA* at INR 176.6 Cr for Q3 FY25 vs INR 216.0 Cr for Q3 FY24; 18% decrease Y-o-Y
- EBITDA* margin at 11% for Q3 FY25 vs 14% for Q3 FY24
- PBT# at INR 85.0 Cr for Q3 FY25 vs INR 136.5 Cr for Q3 FY24; 38% decrease Y-o-Y
- PAT at INR 61.2 Cr for Q3 FY25 vs INR 94.0 Cr for Q3 FY24; 35% decrease Y-o-Y
Review of Standalone YTD FY 25 Financial Performance:
- Revenue from operations at INR 4,830.1 Cr for YTD FY25 vs INR 4,601.6 Cr for YTD FY24; 5% increase Y-o-Y
- EBITDA* at INR 559.4 Cr for YTD FY25 vs INR 682.5 Cr for YTD FY24; 18% decrease Y-o-Y
- EBITDA* margin at 12% for YTD FY25 vs 15% for YTD FY24
- PBT# at INR 304.4 Cr for YTD FY25 vs INR 447.6 Cr for YTD FY24; 32% decrease Y-o-Y
- PAT at INR 221.7 Cr for YTD FY25 vs INR 277.4 Cr for YTD FY24; 20% decrease Y-o-Y
Review of Consolidated Q3 FY 25 Financial Performance:
- Revenue from operations at INR 1,607.6 Cr for Q3 FY25 vs INR 1,548.2 Cr for Q3 FY24; 4% increase Y-o-Y
- EBITDA* at INR 173.8 Cr for Q3 FY25 vs INR 232.1 Cr for Q3 FY24; 25% decrease Y-o-Y
- EBITDA* margin at 11% for Q3 FY25 vs 15% for Q3 FY24
- PBT# at INR 78.5 Cr for Q3 FY25 vs INR 147.9 Cr for Q3 FY24; 47% decrease Y-o-Y
- PAT at INR 54.3 Cr for Q3 FY25 vs INR 105.3 Cr for Q3 FY24; 48% decrease Y-o-Y
Review of Consolidated YTD FY 25 Financial Performance:
- Revenue from operations at INR 4,827.3 Cr for YTD FY25 vs INR 4,610.4 Cr for YTD FY24; 5% increase Y-o-Y
- EBITDA* at INR 554.9 Cr for YTD FY25 vs INR 693.3 Cr for YTD FY24; 20% decrease Y-o-Y
- EBITDA* margin at 11% for YTD FY25 vs 15% for YTD FY24
- PBT# at INR 284.8 Cr for YTD FY25 vs INR 453.6 Cr for YTD FY24; 37% decrease Y-o-Y
- PAT at INR 201.7 Cr for YTD FY25 vs INR 279.9 Cr for YTD FY24; 28% decrease Y-o-Y