Kalyani Forge Ltd

Kalyani Forge Q2 Update: Margins Improve, New Customer Wins & Growth Ahead 📈

- Q2 FY26 revenue at ₹56.23 Cr, though exports dipped to 20% of sales (from 23% last quarter)

- PAT jumps to ₹2.15 Cr (from ₹1.4 Cr) with 53% margin improvement

- EBITDA margin expands to 13% via cost control & better product mix

- New European transmission business begins production

- ₹17 Cr savings from strategic projects like Vrindhi Council

- ₹7 Cr CapEx deployed in Q2; 58% of ₹25 Cr program underway

- New MNC customer in Axel business (₹5-10 Cr annual potential)

- H2 FY26 growth expected to improve on new orders & market recovery