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Kirloskar Ferrous merges with ISMT amid profit drop
PRIVATEAug 05, 2026•4 days ago
Acquiring Company
Kirloskar Ferrous Industries
Acquired Company
ISMT
Madhya PradeshManufacturingManufacturingMiningPrecious MetalsBuilding Material
Description
Kirloskar Ferrous Industries experienced a substantial 65% drop in Q1 profit due to a one-time expense related to its merger with ISMT. Despite this setback, the company reported improved core operations with increased revenue and pre-tax profit before exceptional items.
Company Information
Company
Kirloskar Ferrous Industries
About
Kirloskar Ferrous Industries is a leading manufacturer of pig iron and foundry iron. The company focuses on supplying high-quality products for various industrial applications. Established in India, it has successfully expanded its market reach internationally.