Kirloskar Ferrous lands ₹113.5 cr pig iron order from UK buyer

Tipsheet Editorial — Thu, 18 Jun 2026 10:36:25 GMT

30,000 MT of basic grade pig iron to be shipped sight L/C, FOB basis, delivery by August 2026

What’s new

KFIL wins contract to supply 30,000 MT pig iron to a London-based buyer.
Order value USD 13.51 million, about 3% of Kirloskar Industries' market cap.
Delivery by August 15, 2026; payment via sight letter of credit.

Why it matters

The order adds near-term revenue visibility and shows global demand for KFIL's pig iron. Though small relative to the parent's ₹1,827 cr quarterly revenue, it builds on KFIL's recent momentum — FY26 PAT nearly doubled to ₹594.74 cr.

What we’re watching

Execution of the order and any follow-on contracts from the same buyer.
Sustainability of pig iron export margins amid global steel dynamics.
Whether KFIL can convert this into a regular European channel.

The full read

Kirloskar Ferrous Industries Ltd., the material subsidiary of Kirloskar Industries Ltd., has secured an export order for 30,000 metric tonnes of basic grade pig iron to a UK buyer. The contract is valued at USD 13.51 million (approx ₹113.5 crore), about 3% of the parent's market cap of ₹3,823 crore. Shipment will be on FOB terms against a sight letter of credit, with delivery due by August 15, 2026. The buyer is unrelated. The parent's latest quarterly revenue was ₹1,827 crore with net profit ₹110 crore, and KFIL's FY26 standalone PAT nearly doubled to ₹594.74 crore. This is a routine supply contract, but it strengthens the export book.

Primary source: BSE · NSE

Kirloskar Ferrous PAT nearly doubles to ₹594.74 cr on tax boost

Tipsheet Editorial — Fri, 12 Jun 2026 19:42:26 GMT

A deferred tax asset of ₹141.28 cr and reversal of ₹110.38 cr tax expense drive the jump. The restated results supersede the May 7 filing.

What’s new

Post-merger audited results filed after absorbing Oliver Engineering and Adicca Energy.
PAT surges to ₹594.74 cr from ₹291.00 cr, partly from a ₹141.28 cr deferred tax asset.
Earlier results from May 7, 2026, are superseded.

Why it matters

The profit leap is largely accounting-driven, not operational. The deferred tax asset and tax reversal inflate earnings without a corresponding cash benefit. Investors should focus on adjusted earnings to gauge underlying performance.

What we’re watching

Normalised PAT without the one-off tax items.
Any operational commentary on the merged entities' revenue contribution.
Whether the deferred tax asset recurs or is a one-time merger benefit.

The full read

Kirloskar Ferrous Industries, a material subsidiary of Kirloskar Industries, has filed post-merger audited results that more than double reported profit. But the story is in the tax line. Standalone PAT of ₹594.74 crore includes ₹141.28 crore from a deferred tax asset on transferor companies' losses and the reversal of ₹110.38 crore of current tax expense. Strip those out, and operational growth is far less dramatic. The merger of Oliver Engineering and Adicca Energy was already disclosed; this filing simply restates the numbers with the tax benefits booked. The earlier set from May 7 is superseded. For investors, the question now is what normalized earnings look like without these one-offs. The incremental market surprise is limited.

Primary source: BSE · NSE

Kirloskar Industries Ltd. (KIRLOSIND) — Tipsheet

Kirloskar Ferrous lands ₹113.5 cr pig iron order from UK buyer

What’s new

Why it matters

What we’re watching

The full read

Kirloskar Ferrous PAT nearly doubles to ₹594.74 cr on tax boost

What’s new

Why it matters

What we’re watching

The full read