Kirloskar Ferrous Industries witnessed a decline of over 2% in its stock price after the company released its Q3 earnings report. Despite a modest revenue increase, profitability took a significant hit, leading to investor concerns. As of 10:01 AM, the shares were trading 2.44% lower at Rs 530.75.
For the quarter ending December, Kirloskar Ferrous reported a 3.8% year-on-year rise in consolidated revenue, reaching ₹1,608 crore compared to ₹1,548 crore in the same period last year. However, operational performance weakened as EBITDA fell by 25.1% to ₹174 crore, with margins shrinking to 10.8% from 15% a year ago. The sharpest decline was seen in net profit, which slumped 48.4% to ₹54.3 crore from ₹105 crore.
Kirloskar Ferrous shares opened today at ₹525.70, hitting a high of ₹540.00 and a low of ₹518.60. The stock remains volatile, with a 52-week high of ₹830.00 and a low of ₹496.10.
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