Kirloskar Ferrous Industries Reports Strong Financial Performance and Plans Fundraising Initiative

Kirloskar Ferrous Industries Ltd has announced its financial results for the March quarter, reflecting steady revenue growth and profitability. The company reported consolidated revenue from operations of 17.37 billion rupees, supported by strong demand and efficient production strategies.  

Financial Overview:  
- Consolidated revenue from operations stood at 17.37 billion rupees, showcasing consistent business performance.  
- Net profit reached 923.3 million rupees, reinforcing the company’s financial stability and operational efficiency.  
- The board has recommended a dividend of 2.5 rupees per equity share, demonstrating its commitment to shareholder returns.  

Strategic Developments:  
- The company plans to seek approval from its members for a fundraise of up to 10 billion rupees, aimed at supporting future expansion and operational enhancements.  
- The proposed fundraising initiative is expected to strengthen the company’s financial position and provide resources for growth-oriented investments.  
- Kirloskar Ferrous Industries continues to focus on optimizing production and cost management to sustain profitability.  

Sources:  
Moneycontrol, Business Standard, The Economic Times, Rediff MoneyWiz.

 

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