Kalyani Forge Q4 FY26: record profitability tests the strength of a new margin floor

Q4 FY26 revenue from operations was INR 57.00 crore, EBITDA was INR 9.00 crore (15.2 percent margin), and PAT was INR 5.88 crore (EPS INR 16.17).

FY26 revenue from operations was INR 234.64 crore, EBITDA was INR 31.58 crore (13.3 percent margin), PBT was INR 14.37 crore, and PAT was INR 9.32 crore (EPS INR 25.60).

The presentation lists products across Engine (connecting rod, crankshaft), Driveline (outer race, tulip, inner race, tripod, yokes, gear blanks), and Axle (stub axle, steering knuckle, wheel hub).

It attributed EBITDA margin expansion to exit from low-margin business, Vriddhi Council projects, plant engineering initiatives, improved material and power cost discipline, and operational stabilization actions.

FY27 planned capex is stated at INR 30.00 crore, with allocation buckets shown for existing, ramp-up, new, and future business, and a product-group split across Engine, Driveline, and Axle.

The presentation cites three major Q4 wins: an OEM Wheel Hub program (about INR 20 crore peak annual value), and wins from SKF and Schaeffler, stated to ramp from Q1 FY27.