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Kalyani Forge Limited Q2 FY26 earnings call summary

NSE: KALYANIFRG · BSE: 513509

Earnings call of 13 Nov 2025, summarised by AI from the filing.

Kalyani Forge Q2 FY26 total income ₹56.23 cr, PAT ₹2.15 cr; management expects better growth in H2 despite US tariff impact continuing in Q3.

Key takeaways

  1. Guidance Management expects better growth and market pull in H2 FY26, with EBITDA margin improvement efforts on track.
  2. Change US tariff-related exports reduction lowered total income; export sales at 20% of total (previous quarter: 23%).
  3. Risk US tariff impact expected to continue in Q3, with customer destocking and tariff clarity awaited.

Original filing on BSE

Kalyani Forge Limited Q1 FY27 results

As filed: Revenue ₹66.8 cr (+4% year on year), EBITDA ₹10.6 cr (+77% year on year), PAT ₹4.5 cr (+300% year on year), EBITDA margin 15.9% (+651 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹57.0 cr (−3% year on year), EBITDA ₹6.7 cr (−4% year on year), PAT ₹5.9 cr (+194% year on year), EBITDA margin 11.8% (−5 bps). Score 39 of 100, Below trend. Revenue and EBITDA growth were below the company's own trend; profit growth was well above it. EBITDA margin was flat year on year. Other income 37% of PBT. Tax rate 4%. Profit rose ₹3.9 cr on a year ago, more than the ₹1.0 cr it added the year before. Share price after the results: −4.6% in 28 days (Nifty 500: +0.6%).
  • Q3 FY26: Revenue ₹57.9 cr (−2% year on year), EBITDA ₹8.8 cr (+46% year on year), PAT −₹0.1 cr (−106% year on year), EBITDA margin 15.1% (+497 bps). Score 20 of 100, Below trend. Revenue and EBITDA growth were in line with the company's own trend; profit growth was well below it. EBITDA margin rose 497 bps year on year. Tax rate 103%. Profit fell 106% from last quarter. Share price after the results: −5.9% in 30 days (Nifty 500: −10.1%).
  • Q2 FY26: Revenue ₹56.0 cr (−10% year on year), EBITDA ₹5.0 cr (−38% year on year), PAT ₹2.0 cr (−50% year on year), EBITDA margin 8.9% (−397 bps). Score 15 of 100, Below trend. Revenue growth was well below the company's own trend; EBITDA and profit growth were below it. EBITDA margin fell 397 bps year on year. Other income 50% of PBT. Tax rate 50%. Revenue fell 13% from last quarter. Share price after the results: −7.3% in 30 days (Nifty 500: −0.5%).
  • Q1 FY26: Revenue ₹64.0 cr (+12% year on year), EBITDA ₹6.0 cr (+100% year on year), PAT ₹1.0 cr, EBITDA margin 9.4% (+411 bps). Score 68 of 100, Above trend. Revenue growth was well above the company's own trend; EBITDA growth was in line with it. EBITDA margin rose 411 bps year on year. Tax rate 0%. Profit fell 50% from last quarter. Share price after the results: −4.2% in 30 days (Nifty 500: +2.2%).
  • Q4 FY25: Revenue ₹59.0 cr (+4% year on year), EBITDA ₹7.0 cr (+300% year on year), PAT ₹2.0 cr (+100% year on year), EBITDA margin 11.9% (+1,000 bps). Score 73 of 100, Above trend. Revenue growth was above the company's own trend; EBITDA growth was well above it; profit growth was in line with it. EBITDA margin rose 1000 bps year on year. Share price after the results: −4.8% in 30 days (Nifty 500: +3.1%).
  • Q3 FY25: Revenue ₹59.0 cr (−2% year on year), EBITDA ₹6.0 cr (+100% year on year), PAT ₹2.0 cr (0% year on year), EBITDA margin 10.2% (+517 bps). Score 47 of 100, In line with trend. EBITDA margin rose 517 bps year on year. Other income 33% of PBT. Not enough history for a trend yet: scored on growth alone. Revenue fell 5% from last quarter.
  • Q2 FY25: Revenue ₹62.0 cr (+2% year on year), EBITDA ₹8.0 cr (+100% year on year), PAT ₹4.0 cr (+300% year on year), EBITDA margin 12.9% (+635 bps). Score 75 of 100, Above trend. EBITDA margin rose 635 bps year on year. Not enough history for a trend yet: scored on growth alone.

Past price moves after results do not indicate future moves. Not a recommendation.

Kalyani Forge Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.