Q3 2025 Kirloskar Ferrous Industries Ltd Earnings Call Transcript
Key Points
- Kirloskar Ferrous Industries Ltd (BOM:500245) achieved a high capacity utilization rate, with two furnaces operating at over 100% and the third at 93%.
- The company reported a 23% increase in tube production and a 19% increase in casting production compared to the same quarter last year.
- Sales of pig iron and castings improved, with cumulative sales for nine months being 26% higher than the previous year.
- The company has commissioned a solar power plant, operating close to 69 megawatts, which is expected to reduce energy costs.
- Kirloskar Ferrous Industries Ltd (BOM:500245) has started operating Bharat Mines, which will gradually increase the utilization of its own iron ore, potentially reducing input costs.
- The pig iron market faced significant margin pressure due to increased input costs and low prices.
- Steel production decreased by 12% quarter-on-quarter, indicating challenges in this segment.
- The casting segment's profitability was impacted by higher costs at the Solapur foundry, which is running two foundries but selling only one foundry's quantity.
- The tractor industry demand was subdued, affecting the company's sales in this segment.
- The company faced operational challenges due to merger-related issues and ERP system implementation, impacting performance in the first two quarters.
Ladies and gentlemen, good day, and welcome to the Kirloskar Ferrous Industries Limited 3Q FY25 results conference call hosted by Antique Stockbroking Limited. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Pallav Agarwal from Antique Stockbroking. Thank you, and over to you, sir.
Yes. Thank you, Robin, and good afternoon, everyone. A very warm welcome to the third quarter FY25 results call of Kirloskar Ferrous Industries. We have the senior management of the company represented by the Managing Director, Mr. Gumaste; and the Executive Director of Finance and CFO, Mr. Srivatsan. So I would like to now hand over the call to Mr. Gumaste for his opening comments. Over to you, sir.
Thank you very much, and welcome all the participants for today's conference call. I will start with some numbers, which are
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
