• Startup Pulse
    altM raises $10.3 million in a Series A round led by Rainmatter by Zerodha and Mela Ventures, with Omnivore, Theia Ventures, Aureolis Ventures, Spectrum Impact and strategic angel investors participating. Venomics AI raises $2.7 million in a pre-seed round co-led by Speciale Invest and South Park Commons, with Operators Studio participating. EloElo Group raises $80 million in a Series C round led by Hornbill Capital and NBCUniversal, with MIT Investment Co. and existing investors participating. Peppermint Robotics raises ₹100 crore (approximately $10.5 million) in a Pre-Series B round led by pi Ventures and Crane Venture Partners, with Asiana Fund participating. Traversal raises $120 million in a Series B round at a $1 billion valuation, led by Kleiner Perkins, Redpoint and Khosla Ventures, with Sequoia Capital, Battery Ventures and Amex Ventures participating. GIVA raises over $100 million in a round led by Multiples Alternate Asset Management. The Croffle Guys raises ₹14 crore in a round led by V3 Ventures, with N.A.N Partners participating. Solgram raises over $1 million in a pre-seed round led by DSG Consumer Partners and Saama Capital, with Kapil Chopra participating. Sachin Tendulkar makes a strategic investment in Metasports Interactive, the company behind Hitwicket. The amount was not disclosed. Hyeglo Beauty raises ₹7 crore in a round led by Sauce, with Giga Capital, Consumer Collective, Reckitt's Arjun Purkayastha and The Patient Capital participating. altM raises $10.3 million in a Series A round led by Rainmatter by Zerodha and Mela Ventures, with Omnivore, Theia Ventures, Aureolis Ventures, Spectrum Impact and strategic angel investors participating. Venomics AI raises $2.7 million in a pre-seed round co-led by Speciale Invest and South Park Commons, with Operators Studio participating. EloElo Group raises $80 million in a Series C round led by Hornbill Capital and NBCUniversal, with MIT Investment Co. and existing investors participating. Peppermint Robotics raises ₹100 crore (approximately $10.5 million) in a Pre-Series B round led by pi Ventures and Crane Venture Partners, with Asiana Fund participating. Traversal raises $120 million in a Series B round at a $1 billion valuation, led by Kleiner Perkins, Redpoint and Khosla Ventures, with Sequoia Capital, Battery Ventures and Amex Ventures participating. GIVA raises over $100 million in a round led by Multiples Alternate Asset Management. The Croffle Guys raises ₹14 crore in a round led by V3 Ventures, with N.A.N Partners participating. Solgram raises over $1 million in a pre-seed round led by DSG Consumer Partners and Saama Capital, with Kapil Chopra participating. Sachin Tendulkar makes a strategic investment in Metasports Interactive, the company behind Hitwicket. The amount was not disclosed. Hyeglo Beauty raises ₹7 crore in a round led by Sauce, with Giga Capital, Consumer Collective, Reckitt's Arjun Purkayastha and The Patient Capital participating.
  • KFIL Q2FY26 Results: INR 1,728 Crore Revenue; Net Profit Grows 9 Per Cent

    KFIL Q2FY26

    Pune: Kirloskar Ferrous Industries Limited (KFIL), one of India’s prominent castings and pig iron manufacturers, announced its unaudited financial results for the second quarter of FY 2025-26.

    KFIL Q2FY26 results reflect steady performance, with revenue from operations increasing 4% year-on-year to ₹1,728 crore and standalone net profit growing 9% to ₹92 crore.

    KFIL Q2FY26: Strong Performance Across Product Segments

    Commenting on the KFIL Q2FY26 results, Managing Director R V Gumaste said, “Q2 has been a mixed bag for KFIL. We saw strong demand for castings from the tractor and automotive industries, while also managing margin pressures in iron and steel. Despite headwinds in realizations and commodity prices, KFIL has sustained its performance on both topline and profitability.”

    The company’s standalone EBITDA rose 9% year-on-year to ₹213.6 crore, with an EBITDA margin improvement to 12.4%. Profit before tax stood at ₹125.9 crore, marking a 9% annual growth.

    KFIL Q2FY26: Consolidated Financial Highlights

    • Revenue from operations: ₹1,755.3 crore, up 5% year-on-year
    • EBITDA: ₹214.4 crore, up 10% year-on-year
    • EBITDA margin: 12.2%, up from 11.6% last year
    • Profit before tax: ₹119.9 crore, up 11% year-on-year
    • Net profit: ₹86.3 crore, up 11% year-on-year

    KFIL Q2FY26: Strategic Growth and Outlook

    KFIL continues to expand its manufacturing capacity in pig iron and casting production, supported by 3D printing technology and seamless tube manufacturing through its ISMT division.

    The company’s focus remains on strengthening operational efficiency and maintaining consistent growth across product lines.

    Founded in 1991, Kirloskar Ferrous Industries Limited operates manufacturing facilities at Koppal, Hiriyur, and Solapur, catering to key industries such as tractors, automobiles, and diesel engines.

    Author

    • Salil Urunkar

      Salil Urunkar is a senior journalist and the editorial mind behind Sahyadri Startups. With years of experience covering Pune’s entrepreneurial rise, he’s passionate about telling the real stories of founders, disruptors, and game-changers.

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