KIRLFER Q3 FY26 Guidance vs Delivery (KIRLFER Management Mirror)

Castings Business & Volume

Reaffirmed/Consistent: Management consistently targets long-term casting volumes of ~200,000 metric tons per annum (MTPA). In the Sep'25 quarter, the FY26 target was reiterated at 160,000–170,000 tons, consistent with the Dec'24 view of "approaching 190,000–200,000 tons" broadly including subsidiary contributions.

Run-Rate Updates: The targeted monthly run-rate has evolved. In Dec'24, the specific Solapur target was ~5,200 tons/month for the next fiscal. By Sep'25, the consolidated run-rate expectation is 15,000–16,000 tons/month shortly (combining legacy + Oliver).

Oliver Integration: Guidance on Oliver Engineering remains steady. Dec'24 projected ~15,000 tons annually initially. Sep'25 reaffirmed this (15,000–16,000 tons) but added specific capex plans (INR 100 crores) to expand capacity to 48,000 MTPA.