Kirloskar Ferrous Industries will hold a meeting of the Board of Directors of the Company on 29 July 2020.

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Net profit of Kirloskar Ferrous Industries rose 120.10% to Rs 57.49 crore in the quarter ended March 2020 as against Rs 26.12 crore during the previous quarter ended March 2019. Sales declined 17.01% to Rs 448.18 crore in the quarter ended March 2020 as against Rs 540.04 crore during the previous quarter ended March 2019.

For the full year,net profit rose 14.53% to Rs 112.37 crore in the year ended March 2020 as against Rs 98.11 crore during the previous year ended March 2019. Sales declined 14.33% to Rs 1849.66 crore in the year ended March 2020 as against Rs 2159.15 crore during the previous year ended March 2019.

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Kirloskar Ferrous Industries will hold a meeting of the Board of Directors of the Company on 9 June 2020.

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Kirloskar Ferrous Industries has resumed operations of the Foundry situated at Bevinahalli Village, District Koppal, Karnataka from 11 May 2020. Further, the company's office situated at Bevinahalli Village, District Koppal, Karnataka has been functioning partially by following the COVID-19 guidelines issued by the Government of India, State Government and the Local Authorities.

Suspension of operations of second Mini Blast Furnace situated at Bevinahalli Village, District Koppal, Karnataka and of the Plant situated at Solapur, Maharashtra continue till further notice.

Offices of the Company situated at Solapur and Pune continue to remain closed till further notice and employees of the Company are managing work from home.

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