Q2 2026 Kirloskar Ferrous Industries Ltd Earnings Call Transcript
Key Points
- Kirloskar Ferrous Industries Ltd (BOM:500245) reported a 2% increase in pig iron sales compared to the previous year, indicating strong demand.
- The company achieved a 24% increase in tube sales, with a 33% growth in the first half of the year, showcasing robust performance in this segment.
- EBITDA improved from INR195 Crores last year to INR214 Crores this year, reflecting effective cost management despite market challenges.
- The company is pursuing renewable energy projects, including solar and wind, which are expected to support future growth and reduce energy costs.
- Kirloskar Ferrous Industries Ltd (BOM:500245) is focusing on high-value-added products and expanding its casting and tube production capacities, which should enhance profitability in the long term.
- Pig iron prices have dropped significantly, leading to margin pressures and challenges in covering production costs.
- The casting sales volume was slightly lower than the previous year, indicating potential challenges in meeting demand or production targets.
- The company faces competition and price pressures in the pig iron market, with some competitors selling at negative margins.
- Power costs have increased significantly, impacting overall profitability, despite efforts to integrate renewable energy sources.
- There are delays in ramping up new foundry capacities, which could affect the company's ability to meet its production targets in the short term.
Ladies and gentlemen, good day and welcome to the Kirloskar Ferrous Industries Limited Q2 FY 2026 earnings conference call hosted by Antique Stock Broking Limited. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation. I now have the conference over to Mr. Pranav Agarwal from Antique Stock Broking Limited.
Thank you and over to you, sir.
Yeah, thank you, Anuska, and good afternoon, everyone. A warm welcome to the Kirloskar second quarter FY 2026 results, conference call. We have a senior management of the company represented by Mr. RV Gumaste, the managing director, and Mr. Aadi Wadia, the executive director and CFO.
So now, I would like to now hand over the call to Mr. Gumaste for his opening remarks. Over to you, sir.
Thank you very much. First of all, my apologies for, late joining this
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