Also Read: Kirloskar Ferrous expects significant boost in volume growth in casting & pig iron businesses
At the operating level, EBITDA surged 16% to ₹217 crore in the first quarter of this fiscal over ₹187 crore in the corresponding period in the previous fiscal. EBITDA margin stood at 12.8% in the reporting quarter as compared to 12% in the corresponding period in the previous fiscal.Founded in 1991, Kirloskar Ferrous Industries is a leading manufacturer of pig iron and grey iron castings. The group has a manufacturing and engineering legacy of 130 years. It supplies foundries across the country and contributes to auto, engines & compressors, textiles, pumps, and other manufacturing industries.
Shares of Kirloskar Ferrous Industries Ltd ended at ₹553.00, down by ₹34.35 or 5.85% on the BSE.
Also Read: Kirloskar Ferrous temporarily halts Hiriyur blast furnace; expects 20,000 tonne sales hit