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Kirloskar Ferrous Industries Limited (BSE : 500245), one of the leading castings and pig iron manufacturers and a leading player in steel and seamless tubes in India, announced today its unaudited financial results for the first quarter of financial year ending March 31, 2025.

Commenting on the Q1 FY 2025 results, R.V.Gumaste, Managing Director, KFIL, said, "Today, we announced the first quarterly results of the merged entity and extend our gratitude to all stakeholders for their unwavering support in completing the merger process. The first quarter was challenging, marked by lower demand for most of our products and continued margin pressures. However, following Q1, we have observed improved demand for castings and tubes. We look forward to catch up with the volume for FY 2025. This quarter, we successfully commissioned the first phase of our solar plant at Jalna."

Review of Standalone Q1 FY 25 Financial Performance:

• Revenue from operations at INR 1,553.7 Cr for Q1 FY25 vs INR 1,498.0 Cr for Q1 FY24; 4% increase Y-o-Y

• EBITDA* at INR 186.9 Cr for Q1 FY25 vs INR 210.3 Cr for Q1 FY24; 11% decrease Y-o-Y

• EBITDA* margin at 12.0% for Q1 FY25 14.0% for Q1 FY24

• PBT# at INR 104.3 Cr for Q1 FY25 vs INR 139.2 Cr for Q1 FY24; 25% decrease Y-o-Y

• PAT at INR 75.6 Cr for Q1 FY25 vs INR 96.2 Cr for Q1 FY24; 21% decrease Y-o-Y

Review of Consolidated Q1 FY 25 Financial Performance:

• Operating revenue at INR 1,553.7 Cr for Q1 FY25 vs INR 1,502.5 Cr for Q1 FY24; 3% increase Y-o-Y

• EBITDA* at INR 186.6 Cr for Q1 FY25 vs INR 207.4 Cr for Q1 FY24; 10% decrease Y-o-Y

• EBITDA* margin at 12.0% for Q1 FY25 vs 13.8% for Q1 FY24

• PBT# at INR 98.5 Cr for Q1 FY25 vs INR 135.9 Cr for Q1 FY24; 28% decrease Y-o-Y

• PAT at INR 69.7 Cr for Q1 FY25 vs INR 92.9 Cr for Q1 FY24; 25% decrease Y-o-Y