Kirloskar Industries Limited iron-casting PBIT reaches Rs 124.28 crore

Kirloskar Industries Limited reported iron-casting profit before interest and tax (PBIT) of Rs 124.28 crore in the quarter ended 30 September 2026, up from Rs 76.45 crore a year earlier, while tube PBIT fell to Rs 13.83 crore from Rs 67.74 crore. Total continuing-operations PBIT was Rs 192.68 crore.

How did Kirloskar Industries’ segments perform in September 2026?

Kirloskar Industries’ iron-casting segment recorded the highest PBIT among its operating segments at Rs 124.28 crore in the quarter ended 30 September 2026, compared with Rs 76.45 crore in the quarter ended 30 September 2025. Its segment revenue increased by Rs 220.67 crore to Rs 1,308.42 crore from Rs 1,087.75 crore.

The tube segment showed the opposing profit trend. Tube revenue edged up to Rs 629.53 crore from Rs 621.87 crore, but PBIT declined by Rs 53.91 crore to Rs 13.83 crore from Rs 67.74 crore. The filing does not disclose the volume, pricing, product or cost factors behind the movement in tube profitability.

Steel PBIT increased to Rs 30.48 crore from Rs 8.97 crore, alongside revenue growth to Rs 495.77 crore from Rs 476.89 crore. The investments segment, comprising securities and properties, reported PBIT of Rs 23.10 crore against Rs 23.39 crore, while real estate recorded a loss of Rs 3.41 crore compared with a Rs 2.15 crore loss.

How did iron casting and tube affect Kirloskar Industries’ operating PBIT?

Iron casting, tube and steel together generated PBIT of Rs 168.59 crore in the September 2026 quarter, compared with Rs 153.16 crore a year earlier. The Rs 47.83 crore increase in iron-casting PBIT and Rs 21.51 crore increase in steel PBIT more than offset the Rs 53.91 crore reduction in tube PBIT.

Total continuing-operations PBIT rose by Rs 18.82 crore to Rs 192.68 crore from Rs 173.86 crore. Outside the industrial segments, investment PBIT declined by Rs 0.29 crore, the real-estate loss widened by Rs 1.26 crore, and unallocable PBIT improved to Rs 4.40 crore from a loss of Rs 0.54 crore.

The sequential figures also show a divergence in the September quarter. Iron-casting revenue rose from Rs 1,192.09 crore in the quarter ended 30 June 2026 to Rs 1,308.42 crore, while PBIT rose from Rs 121.20 crore to Rs 124.28 crore. Tube revenue increased from Rs 540.81 crore to Rs 629.53 crore, but tube PBIT fell from Rs 40.61 crore to Rs 13.83 crore.

What did the first half show across Kirloskar Industries’ industrial segments?

Iron-casting PBIT increased to Rs 245.48 crore for the half year ended 30 September 2026 from Rs 177.23 crore in the corresponding period, a gain of Rs 68.25 crore. Its half-year revenue rose to Rs 2,500.51 crore from Rs 2,123.06 crore, making it the largest reported industrial segment by both revenue and PBIT.

Tube remained below its prior-year first-half result, with revenue declining to Rs 1,170.34 crore from Rs 1,217.66 crore and PBIT falling to Rs 54.44 crore from Rs 109.57 crore. Steel revenue increased to Rs 989.60 crore from Rs 835.65 crore, while steel PBIT was Rs 30.69 crore compared with Rs 28.64 crore.

Total continuing-operations PBIT for the half year was Rs 356.65 crore, compared with Rs 338.11 crore a year earlier. Finance cost declined to Rs 63.88 crore from Rs 66.99 crore, but a Rs 29.33 crore exceptional expense left continuing-operations profit before tax at Rs 263.44 crore, below Rs 277.37 crore in the prior-year period.

How were capital employed and reported comparability affected?

Kirloskar Industries reported iron-casting capital employed of Rs 1,797.53 crore at 30 September 2026, up from Rs 1,572.91 crore a year earlier. Capital employed, defined as segment assets less segment liabilities, reflected iron-casting assets of Rs 4,200.11 crore and liabilities of Rs 2,402.58 crore.

Tube capital employed was Rs 1,187.52 crore at 30 September 2026, down from Rs 1,339.12 crore a year earlier, while steel capital employed rose to Rs 1,256.80 crore from Rs 1,037.21 crore. The investments segment remained the largest by capital employed at Rs 6,322.22 crore, compared with Rs 5,399.47 crore a year earlier.

The company said comparative quarterly results for financial year 2025-26 were restated after Oliver Engineering Private Limited and Adicca Energy Solutions Private Limited merged with subsidiary Kirloskar Ferrous Industries Limited. Kirloskar Ferrous Industries recognised a deferred tax asset on the scheme’s appointed date of 1 April 2025, while the June 2026 quarter included Rs 29.33 crore of stamp duty and associated merger expenses relating to ISMT Limited.

Conclusion

Kirloskar Industries’ September disclosure shows that iron casting and steel increased their contributions while tube profitability declined sharply despite higher quarterly revenue. The Rs 47.83 crore increase in iron-casting PBIT and Rs 21.51 crore increase in steel PBIT supported the Rs 18.82 crore rise in total continuing-operations PBIT to Rs 192.68 crore.

The next segment disclosures will clarify whether tube PBIT recovers from the Rs 54.44 crore first-half level and whether iron casting maintains its Rs 245.48 crore first-half PBIT. Comparability will remain relevant because prior periods were restated following subsidiary mergers and the half year included a Rs 29.33 crore merger-related exceptional expense.