Kalyani Forge Limited — Investor Meet, 22-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Kalyani Forge reported Q1 FY26 revenue up 12% YoY to ₹64.52 Cr, with PAT up 300% YoY to ₹1.4 Cr. EBITDA was ₹6.25 Cr (9.7% margin), despite planned maintenance expenses. Axle business surged 124% YoY, and Driveline grew 42%. Exports constitute 21% of total sales.

Management targets doubling revenue with 15% EBITDA margin by 2027, driven by strong execution, business development, and a ₹25 Cr CapEx budget for FY26. The Vriddhi Council delivered ₹10 Cr in Q1 savings/value. Capacity expansion, operational efficiency, and material cost reduction are key focus areas. The company is exploring an equity capital raise. Management expressed confidence in a multi-fuel future and growth in non-ICE products.