Kirloskar Ferrous Industries Q2 FY27 Results: Consolidated Net Profit ₹97.54 Crore on Total Income of ₹2,066 Crore
Earnings
Iron castings, tubes and steel
Blacklitt Research3 min read
Photo by Zoshua Colah on Unsplash (Unsplash License). Illustrative image.
Kirloskar Ferrous Industries reported consolidated total income of ₹2,066.02 crore and net profit of ₹97.54 crore for the quarter ended 30 Sep 2026. Standalone total income was ₹2,066.02 crore and standalone net profit ₹97.57 crore. The company said in a filing on 30 Oct 2026.
Key highlights
Consolidated
Including its subsidiaries
Total income: ₹2,066.02 crore, up 17.4% YoY and 15.5% QoQ
Net profit and EPS: ₹97.54 crore, up 10.2% YoY; basic EPS ₹5.91 against ₹5.38
Finance costs: ₹34.01 crore, up 4.4% YoY
Tax expense: ₹40.21 crore, up 28.3% YoY; 29.2% of profit before tax
Standalone
The company on its own, without its subsidiaries
Total income: ₹2,066.02 crore, up 17.4% YoY and 15.5% QoQ
Net profit and EPS: ₹97.57 crore, up 10.2% YoY; basic EPS ₹5.91 against ₹5.38
Finance costs: ₹34.01 crore, up 4.4% YoY
Tax expense: ₹40.21 crore, up 28.3% YoY; 29.2% of profit before tax
Summary
Consolidated ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
2,066.02
1,759.75
+17.4%
1,788.94
+15.5%
Revenue from operations
2,046.68
1,755.32
+16.6%
1,771.51
+15.5%
Other income
19.34
4.43
+336.6%
17.43
+11.0%
97.54
88.54
+10.2%
82.34
+18.5%
Profit before tax
137.75
119.88
+14.9%
105.11
+31.1%
Finance costs
34.01
32.59
+4.4%
29.47
+15.4%
Depreciation
70.56
66.38
+6.3%
69.26
+1.9%
Tax expense
40.21
31.34
+28.3%
22.77
+76.6%
Net profit margin
4.72%
5.03%
-0.31 pp
4.60%
+0.12 pp
EPS, basic (₹)
5.91
5.38
+9.9%
4.99
+18.4%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Tax expense grew faster than profit before tax: up 28.3% YoY against 14.9%. Net profit rose 10.2% to ₹97.54 crore, and tax was 29.2% of profit before tax of ₹137.75 crore this quarter. The statement shows current tax of ₹20.92 crore and deferred tax of ₹19.24 crore for the quarter.
Other income was ₹19.34 crore, against ₹4.43 crore a year earlier and ₹17.43 crore in the June quarter. It is 0.9% of total income. Other income is 14.0% of profit before tax this quarter.
Finance costs and depreciation grew more slowly than total income: finance costs rose 4.4% to ₹34.01 crore and depreciation rose 6.3% to ₹70.56 crore, against total income up 17.4%. Finance costs are 1.6% of total income this quarter.
The June quarter column carries an exceptional item of ₹29.33 crore, which the notes describe as stamp duty and associated expenses for the ISMT merger scheme. The September quarter column shows a dash for that line. Profit before tax rose 31.1% from the June quarter, a figure stated after that exceptional item, and net profit rose 18.5%, faster than total income's 15.5%.
Standalone ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
2,066.02
1,759.75
+17.4%
1,788.94
+15.5%
Revenue from operations
2,046.68
1,755.32
+16.6%
1,771.51
+15.5%
Other income
19.34
4.43
+336.6%
17.43
+11.0%
97.57
88.52
+10.2%
82.32
+18.5%
Profit before tax
137.78
119.86
+15.0%
105.09
+31.1%
Finance costs
34.01
32.59
+4.4%
29.47
+15.4%
Depreciation
70.56
66.38
+6.3%
69.26
+1.9%
Tax expense
40.21
31.34
+28.3%
22.77
+76.6%
Net profit margin
4.72%
5.03%
-0.31 pp
4.60%
+0.12 pp
EPS, basic (₹)
5.91
5.38
+9.9%
4.99
+18.4%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Tax expense grew faster than profit before tax: up 28.3% YoY against 15.0%. Standalone net profit rose 10.2% to ₹97.57 crore, and tax was 29.2% of standalone profit before tax of ₹137.78 crore this quarter.
Other income was ₹19.34 crore, against ₹4.43 crore a year earlier and ₹17.43 crore in the June quarter. It is 0.9% of total income and 14.0% of standalone profit before tax.
Finance costs rose 4.4% to ₹34.01 crore and depreciation rose 6.3% to ₹70.56 crore, both more slowly than total income's 17.4% YoY rise. Finance costs are 1.6% of total income this quarter.
The standalone statement carries the same ₹29.33 crore exceptional item in the June quarter column and shows a dash for the September quarter. Standalone profit before tax rose 31.1% from the June quarter, a figure stated after that item, and net profit rose 18.5%, faster than total income's 15.5%.
Inference
The filing says the Company raised ₹450 crore through commercial papers in the quarter, used for working capital requirements and general corporate purposes, and that ₹445.13 crore was outstanding on 30 Sep 2026. Standalone net worth was ₹2,606.69 crore and the standalone debt-equity ratio was 0.32 times for the quarter.
The statutory auditor, PG Bhagwat LLP, says its review conclusion on both sets of results is not modified. The notes say a deferred tax asset recognised on the merger scheme's appointed date of 1 Apr 2025 has been utilised across previous quarters and the current quarter and six months ended 30 Sep 2026.
Standalone net cash from operating activities was ₹98.27 crore for the six months ended 30 Sep 2026, against ₹215.68 crore a year earlier, and dividends paid were ₹49.50 crore. A reader would want the reasons behind the rise in revenue and tax expense, and this filing does not set them out.
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KIRLFERKirloskar Ferrous Industries Ltd.
