Kirloskar Ferrous: Casting Demand Remains Diversified Beyond Tractors | CNBC TV18
CNBC-TV18 · 02 Nov 2026 · 8 min
Management interview of Kirloskar Ferrous Industries Ltd (KIRLFER), with 6 key numbers discussed.
- Ravindranath Gumaste, Managing Director, Kirloskar Ferrous Industries Ltd
Kirloskar Ferrous posted record casting sales of over 50,000 tonnes in Q2 and expects to exceed 200,000 tonnes for the full year. Managing Director R.V. Gumaste highlighted that demand across auto, non-auto, and earthmoving sectors remains strong despite mild tractor softness. While tube margins were hurt by project delays in oil and gas, volumes are expected to cross 50,000 tonnes per quarter in H2. Higher coking coal costs were partially passed on, and the company targets full-year EBITDA margins of 12% to 14% and over Rs 1,000 cr EBITDA.