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Q4FY24 Quarterly Result Announced for Kirloskar Ferrous Industries Ltd.

Iron & Steel Products company Kirloskar Ferrous Industries announced Q4FY24 results: Standalone Financial Highlights: Operating revenue at Rs 994.4 crore for Q4FY24 vs Rs 991.0 crore for Q4FY23; at same level YoY EBITDA at Rs 96.9 crore for Q4FY24 vs Rs 158.0 crore for Q4FY23; 39% decrease YoY EBITDA margin at 10% for Q4FY24 vs 16% Q4FY23 PBT at Rs 43.8 crore for Q4FY24 vs Rs 110.2 crore for Q4FY23; 60% decrease YoY PAT at Rs 34.1 crore for Q4FY24 vs Rs 81.9 crore for Q4FY23; 58% decrease YoY Consolidated Financial Highlights: Operating revenue at Rs 1,535.9 crore for Q4FY24 vs Rs 1,565.6 crore for Q4FY23; 2% decrease YoY EBITDA at Rs 165.1 crore for Q4FY24 vs Rs 221.0 crore for Q4FY23; 25% decrease YoY EBITDA margin at 11% for Q4FY24 vs 14% Q4FY23 PBT (before exceptional Item) at Rs 62.6 crore for Q4FY24 vs Rs 159.0 crore for Q4FY23; 61% decrease YoY PAT at Rs 17.7 crore for Q4FY24 vs Rs 94.6 crore for Q4FY23; 81% decrease YoY Commenting on the Q4 and FY 2024 results, R. V. Gumaste, Managing Director, KFIL, said "This quarter has been challenging for KFIL due to demand-side issues. The subdued demand from the tractor industry impacted casting sales volumes, and pressure on pig iron margins affected the results. However, we are seeing early signs of revival, both in pig iron prices and tractor casting demand. All of our projects are progressing as planned, with many nearing completion. We expect to start seeing returns from these projects soon." Result PDF
20-05-2024
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KIRLOSKAR FERROUS INDUSTRIES LTD. - 500245 - Disclosure Of Related Party Transactions For Six Months Ended 31 March 2024

Disclosure of related party transactions for six months ended 31 March 2024
17-05-2024
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KIRLOSKAR FERROUS INDUSTRIES LTD. - 500245 - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

Allotment of equity shares pursuant to KFIL Employee Stock Option Schemes
17-05-2024
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KIRLOSKAR FERROUS INDUSTRIES LTD. - 500245 - Audited Financial Results And Audit Report

Audited Financial Resutls (standalone and consolidated) for the quarter and the year ended 31 March 2024 and the audit reports thereto
17-05-2024
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