Kalyani Forge Ltd
Kalyani Forge Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #69 of 100 in Industrial Products
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Kalyani Forge Ltd Q2 FY26 key numbers
- Revenue
- Focus on converting a 200 crore order pipeline (95 + 115 crores) into startup production (SOP), with SOP already commenced for European transmission business.
As stated in Kalyani Forge Ltd's Q2 FY26 earnings call transcript · published 18 Jul 2026. Reported figures, not investment advice.
The short version
H2 is expected to show better growth compared to H1 due to improved market demand in Q3 and Q4. H2 FY26 is expected to show better top-line growth due to improved demand in Q3 and Q4, driven mainly by ramp-up of new business and existing business cycles.
From Kalyani Forge Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- H2 is expected to show better growth compared to H1 due to improved market demand in Q3 and Q4.
- Focus on converting a 200 crore order pipeline (95 + 115 crores) into startup production (SOP), with SOP already commenced for European transmission business.
- New order wins are targeted to fuel growth for the next financial year.
- New MNC customer order in Axel business valued between 5-10 crores per annum, with execution starting this quarter.
- Ramp-up in driveline and Axel product groups anticipated.
- CapEx programs aimed at increasing production capacity and improving productivity will support future revenue growth.
- Domestic sales momentum maintained post-GST cut.
2 more points from Kalyani Forge Ltd's call on revenue
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Profitability & Margins
See what Kalyani Forge Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Ongoing CapEx programs total around Rs. 25 crore with a closing balance of Rs. 12 crore in Capital Work in Progress as of Q2.
- Four major CapEx programs:
- Recon and Productivity: Improve existing business and productivity.
- Ramp-up Business: Increase capacity for businesses growing this year.
- New Business Programs: Dedicated to new order wins, e.g., recent order wins requiring capacity additions.
- Infrastructure Upgrades: Enhancements in factory equipment, utility, IT software, safety, and compliance.
2 more points from Kalyani Forge Ltd's call on capex
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Top-ranked in Industrial Products
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Kalyani Forge Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- The company has a robust order pipeline of approximately ₹200 crore, split into two parts: ₹95 crore and ₹115 crore.
- Efforts are focused on converting this pipeline into Start of Production (SOP) in H2 FY26.
- SOP has already commenced for one project related to Europe transmission business in Q2.
- Business development is twofold: executing new order wins quickly (limited by customer validation/testing lead times) and securing further new orders for growth in the next financial year.
2 more points from Kalyani Forge Ltd's call on order book
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Kalyani Forge Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹57 Cr, net profit ₹6 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Kalyani Forge Ltd's management said in earlier quarters
Others in Industrial Products this season
- Lead Reclaim and Rubber Products Ltd (Q2 FY26)
Revenue from Operations for H1 FY26: ₹2,190 lakhs, up 138.04% YoY (from ₹920 lakhs in H1 FY25) (Page 19) . Key investor presentation takeaways from Lead Reclaim
- Shubhshree Biofuels Energy Ltd (Q2 FY26)
Revenue from operations for H1 FY26: ₹9,604.6 Lakhs . Key investor presentation takeaways from Shubhshree Biofuels Energy Ltd's Q2 FY26 investor presentation —
- De Neers Tools Ltd (Q2 FY26)
H1FY26 Net Sales:** ₹670.4 Mn . Key investor presentation takeaways from De Neers Tools's Q2 FY26 investor presentation — and how it ranks against sector peers.
- WOL 3D India Ltd (Q2 FY26)
Revenue from Operations for H1FY26 is Rs 415 Mn, up 82% YoY from Rs 227 Mn in H1FY25 (Page 9, Page 5). Key investor presentation takeaways from WOL 3D India Ltd
Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Products
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Kalyani Forge Ltd Q2 FY26 results?
H2 is expected to show better growth compared to H1 due to improved market demand in Q3 and Q4. H2 FY26 is expected to show better top-line growth due to improved demand in Q3 and Q4, driven mainly by ramp-up of new business and existing business cycles.
What is Kalyani Forge Ltd share price analysis?
Kalyani Forge Ltd currently shows a neutral. The stock trades at a P/E of 23.6 with a market cap of ₹293 Cr. Investors should review the full earnings analysis for detailed insights.
Is Kalyani Forge Ltd planning capital expenditure?
Ongoing CapEx programs total around Rs.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.