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    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.
  • Kirloskar Ferrous Industries Q1 FY26: PAT Up 27 Per Cent, INR 1698 Cr Consolidated Revenue

    Kirloskar Ferrous Industries Q1 FY26

    Pune: Kirloskar Ferrous Industries Limited (BSE: 500245), a prominent manufacturer of castings, pig iron, steel, and seamless tubes in India, reported robust financial performance for the first quarter of FY 2025-26 (Kirloskar Ferrous Industries Q1 FY26) , reinforcing its position as a key player in the Indian metals and engineering sector.

    The company posted a standalone revenue of ₹1,685.1 crore in Q1 FY26, marking an 8% increase year-on-year (YoY). Standalone net profit (PAT) surged by 27% YoY to ₹95.8 crore, reflecting strong demand recovery, strategic operational execution, and improved market sentiment.

    Also Read: Kirloskar Pneumatic Q1 FY26 Revenue at INR 272 Crore

    “Q1 FY26 has started on a positive note, with healthy revenue and profit growth driven by recovery in demand from the tractor and iron and steel sectors. Our strategic initiatives, including proposed subsidiary mergers and securing raw material sources, are aligned with our long-term vision of sustainable growth and value creation,” said R V Gumaste, Managing Director, Kirloskar Ferrous Industries.

    KFIL also announced key strategic developments during the quarter:

    • Proposed merger of wholly owned subsidiaries—Oliver Engineering and Adicca Energy Solutions—into KFIL, aimed at operational streamlining and synergy enhancement.
    • Declared preferred bidder in the electronic auction for the Jambunatha iron ore mine in Karnataka, securing long-term raw material supply and strengthening backward integration.
    Kirloskar Ferrous Industries Q1 FY26 vs Q1 FY25: Standalone Financial Performance
    • Revenue from Operations: ₹1,685.1 crore vs ₹1,553.7 crore | 8% YoY growth
    • EBITDA: ₹213.9 crore vs ₹187.4 crore | 14% YoY growth
    • EBITDA Margin: 12.7% vs 12.1%
    • Profit Before Tax (PBT): ₹130.4 crore vs ₹104.3 crore | 25% YoY growth
    • Profit After Tax (PAT): ₹95.8 crore vs ₹75.6 crore | 27% YoY growth

    Also Read: Kirloskar Industries Reports INR 308 Crore Consolidated Net Profit in FY25

    Kirloskar Ferrous Industries Q1 FY26 vs Q1 FY25: Consolidated Financial Performance

    • Revenue from Operations: ₹1,698.1 crore vs ₹1,553.7 crore | 9% YoY growth
    • EBITDA: ₹216.9 crore vs ₹187.0 crore | 16% YoY growth
    • EBITDA Margin: 12.8% vs 12.0%
    • PBT: ₹127.2 crore vs ₹98.5 crore | 29% YoY growth
    • PAT: ₹95.1 crore vs ₹69.7 crore | 36% YoY growth

    Kirloskar Ferrous Industries Q1 FY26 results highlight the company’s commitment to operational excellence, raw material security, and strategic consolidation, which continue to drive its profitability and competitiveness in India’s rapidly evolving manufacturing and infrastructure landscape.

    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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