Kirloskar Ferrous gains as expansion outlook meets demand
Kirloskar Ferrous is evaluating steel and casting capacity expansion after Q2 revenue rose 17% year on year to ₹2,046.7 cr. The stock gained 3.1% to ₹3,244 on 02 Nov 2026, while record quarterly volumes strengthened the demand signal.
after close1 source ↓machine-written, see hownot a recommendation
- KIRLOSIND close
- ₹3,244
- On the day
- +3.13%
- 52-week high
- ₹4,575
- 52-week low
- ₹2,463
Kirloskar Ferrous Industries is evaluating expansion of its steel and casting manufacturing capacities as demand signals remain favourable. The company reported standalone revenue of ₹2,046.7 cr in Q2 FY2026-27, up 17% year on year from ₹1,755.3 cr in the July-September quarter. EBITDA before exceptional items rose 4% to ₹223 cr, while profit before tax increased 15% to ₹137.8 cr.
The quarter delivered record operating volumes 📈. Steel sales reached 26,606 MT, while gross casting sales exceeded 50,000 MT. Managing Director R.V. Gumaste said favourable market demand was encouraging the company to expand steel and casting capacity. Management also highlighted the contribution expected from newly commissioned solar energy capacity and other expansion projects ⚡.
Record quarterly volumes support the case for additional production capacity, but the company has not disclosed the proposed investment, incremental capacity, funding structure or commissioning schedule. Revenue growth outpaced EBITDA growth, making margin progression and the conversion of higher volumes into operating profit important indicators for the next results cycle. Solar generation could also influence the cost profile of the energy-intensive steel and casting operations.
Kirloskar Ferrous closed at ₹3,244 on 02 Nov 2026, rising 3.1% on the day on volume of 4,369, according to OI Charts data. The stock gained 5.5% over five sessions but remained down 9.3% over 20 sessions. It traded below its 52-week high of ₹4,575 recorded on 23 Jun 2026, while the 52-week low stood at ₹2,463 on 30 Mar 2026. The latest gain indicates a positive near-term market response, although the broader 20-session trend remains negative.
The next focus is a formal expansion announcement specifying capacity, capital expenditure and execution timelines. Traders and investors will also track steel and casting volumes, EBITDA margins and the realised benefit from solar capacity. The development is relevant to metals and manufacturing, with potential read-through for automotive casting supply chains 🚗.
Source: Business Upturn, 02 Nov 2026
Not investment advice. For informational purposes only.