Leading manufacturer of pig iron and grey iron castings Kirloskar Ferrous Industries Ltd on Tuesday (March 17) said its Solapur plant in Maharashtra state has partially halted operations due to disruptions in the supply of liquefied petroleum gas (LPG) caused by the ongoing West Asian conflict.
The company stated that one of the two high pressure moulding lines at the Solapur facility has been affected since March 17, 2026, and the situation will continue until further notice. The management is actively monitoring the supply chain crisis and exploring alternative sources of LPG or other resources to minimise operational impact.
Third quarter results
Kirloskar Ferrous net profit for the quarter declined 1.8% YoY to ₹53.3 crore, compared with ₹54.3 crore in the corresponding quarter last year. Revenue from operations rose 0.7% YoY to ₹1,618 crore, up from ₹1,607 crore a year earlier.
Also Read: Kirloskar Ferrous Q2 net profit rises 11% to ₹86.2 cr; Revenue up 5% YoY
Operating performance improved, with EBITDA increasing 7.5% YoY to ₹186.3 crore versus ₹173.4 crore in Q3 of the previous year. As a result, EBITDA margin expanded to 11.5%, compared with 10.8% in the year-ago period.
Founded in 1991, Kirloskar Ferrous Industries is one of India’s leading producers of pig iron and grey iron castings, catering to sectors such as automotive, engines, compressors, textiles, and pumps. The company is part of the 130-year-old Kirloskar Group, known for its strong presence in manufacturing and engineering.
Shares of Kirloskar Ferrous Industries Ltd ended at ₹363, down by ₹1.70, or 0.47%, on the BSE today, March 17.
Also Read: Kirloskar Ferrous Q1 Results: Stock falls 6% despite revenue growth, margin expansion
(Edited by : Shoma Bhattacharjee)
