$KIRLOSIND

Kirloskar Ferrous Industries shares surged nearly 12 percent in early trade on Thursday after the company announced securing an export order worth approximately $13.51 million from a UK-based customer. According to an exchange filing, the contract involves the supply of 30,000 metric tonnes of basic-grade pig iron on a free-on-board (FOB) basis. The order is supported by a sight letter of credit, with the final shipment scheduled to be completed by August 15, 2026. The company stated that the order was awarded by an international customer based in London. It further clarified that neither its promoters nor promoter group entities have any interest in the buyer, and the transaction does not fall under the category of a related-party deal. The latest export order comes amid improving financial performance for the company despite a challenging demand environment and softer commodity prices. In the third quarter of FY26, Kirloskar Ferrous Industries reported resilient standalone operations, with EBITDA margin improving to 11.5 percent from 11 percent in the corresponding period last year. The margin expansion was driven by cost optimisation initiatives and enhanced operational efficiencies. On a consolidated basis, the company posted stronger EBITDA growth and recorded a 21 percent year-on-year rise in profit before tax, reflecting improved performance across its key business segments.