Kirloskar Ferrous Shares Surge Near 12% on Securing Major $13.5M Export Order

Kirloskar Ferrous Shares Surge Near 12% on Securing Major $13.5M Export Order​

Kirloskar Ferrous Industries saw a significant rally in early trade on Thursday, climbing nearly 12 percent. The surge was triggered by the announcement that the company secured a substantial export order worth around $13.51 million.

The stock closed at ₹497.55 after touching highs of 11.99 percent, placing it among the top gainers on the NSE. This robust response reflects investor confidence following the major contract win.

Details of the International Export Deal​

The company confirmed in an exchange filing that the deal involves supplying pig iron to a customer based in London. The total order value is $13.51 million for 30,000 metric tonnes of basic-grade pig iron.

The supply will be conducted on a free-on-board (FOB) basis and is supported by a letter of credit payable at sight. The initial shipment of the contracted material is scheduled for August 15, 2026.

Kirloskar Ferrous Industries clarified that the order was awarded by an international buyer and confirmed there are no interests from its promoters or promoter group entities in the customer relationship. Furthermore, the company stated this contract does not qualify as a related-party transaction.

Q4 Financial Performance Drives Sustained Momentum​

The stock's positive movement is underpinned by the company's strong financial resilience reported across both recent quarters and the new order win. Earlier this year, Kirloskar Ferrous Industries demonstrated improving profitability despite prevailing challenges in demand and commodity prices.

For the third quarter of FY26, standalone operations showed resilience, with the EBITDA margin expanding to 11.5 percent from 11 percent the previous year. This improvement was attributed to effective cost optimization and operational efficiency measures within the company.

Q4 Results Highlight Profitability Growth​

The momentum continued into the fourth quarter, ending March 2026, with encouraging results. Consolidated net sales for Kirloskar Ferrous Industries reached Rs 1,817.16 crore, marking a 4.6 percent increase from Rs 1,736.95 crore in the prior year.

Net profit saw a substantial rise of 33.3 percent to ₹123.1 crore, up from Rs 92.33 crore. EBITDA improved by 19.2 percent, reaching Rs 268.91 crore compared to Rs 225.66 crore.

Margin Protection and Earnings Growth​

The financial results underscore the company's capability to protect margins and boost earnings even amid softer commodity prices and mixed market conditions. The earnings per share (EPS) improved significantly to Rs 7.47 in the March quarter, up from Rs 5.61 a year earlier.