Kalyani Forge Limited · NSE:KALYANIFRG
Kalyani Forge — Q3 FY26 Earnings Presentation
19 slides from Kalyani Forge's earnings presentation, Feb 12, 2026
Slide 1: Cover letter to stock exchanges for investor presentation
February 12, 2026 To, Bombay Stock Exchange Limited, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Tower, Dalal Street, Exchange Plaza, Bandra Kurla Complex, Fort, Mumbai-400001 Bandra (E), Mumbai-400051 Scrip Code: 513509 Symbol: KALYANIFRG Dear Sir/Madam, Sub: Investor Presentation
Slide 2: Investor Presentation Q3 FY26
Investor Presentation FROM BOLD Q3 FY26 12th February 2026 DECISIONS TO TANGIBLE GAINS
Slide 3: Safe Harbour Statement
Safe Harbour Statement • This presentation contains forward-looking statements regarding Kalyani Forge Ltd.’s outlook, strategies, business plans, expectations, and potential growth in the Indian and global markets. These statements are based on assumptions and information currently available to man
Slide 4: Q3 FY26 Highlights – Record Margins, Stronger Discipline
Q3 FY26 Highlights – Record Margins, Stronger Discipline • Revenue at ₹58.22 Cr; resilient despite deliberate exit from low-quality business • EBITDA margin at 15.7%, highest in Company history • PBT ₹3.95 Cr; operating profitability structurally improved • Export mix strengthened; Europe transmissi
Slide 5: Our Product Offerings
Our Product Offerings Critical, high performance components, leveraging decades of expertise Engine Driveline Connecting rod Crankshaft Outer Race Tulip Inner Race Tripod Double Yoke Yoke Shaft Gear Blanks Axle Stub Axle Steering Knuckle Wheel Hub 2/12/2026 Confidential, Investor Presentation, Kalya
Slide 6: KFL Growth Formula
KFL Growth Formula 1. Strong 2. Business 3. Capex Growth Execution Development 2/12/2026 Confidential, Investor Presentation, Kalyani Forge Ltd. 5
Slide 7: Strong Execution - Financial Performance
Strong Execution - Financial Performance Total Income PAT Rs. Cr. Financial Highlights – Q3 FY26 66.00 64.52 2.50 2.22 Revenue: ₹58.22 crore (up ₹1.99 2.15 64.00 1.82 crore QoQ) 2.00 62.00 1.41 EBITDA Margin: 15.7% – highest 1.50 60.00 59.37 59.33 in Company history 58.22 58.00 56.23 1.00 Profit Bef
Slide 8: Strong Execution – EBITDA margin expansion
Strong Execution – EBITDA margin expansion • Exit from low-margin business EBITDA % 18.0% • Improved material and power cost discipline 16.0% 15.7% • Operational stabilization (machine recon, die- run prioritization) 14.0% 12.6% 12.0% 11.5% 11.4% 9.8% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% Q3 25 Q4 25 Q1 26
Slide 9: Strong Execution – Sales by Product Group
Strong Execution – Sales by Product Group Engine Driveline Axle 40.0 14.0 6.0 35.0 12.0 5.0 30.0 10.0 4.0 25.0 8.0 20.0 3.0 6.0 15.0 2.0 4.0 10.0 2.0 1.0 5.0 - - - Q3 FY25 Q4FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q3 FY25 Q4FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q3 FY25 Q4FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q2 FY26 Q3 FY26 • C
Slide 10: Strong Execution – Sales by Geography
Strong Execution – Sales by Geography Exports • Europe new transmission business has grown 12 10.64 in Q3 10 9.58 8.91 8.57 • Exports sales are at 20% of total sales 8 7.34 • Old legacy low volume export businesses have 6 been pruned 4 2 0 Q3 FY25 Q4FY25 Q1 FY26 Q2 FY26 Q3 FY26 120% 100% 18% 16% 17%
Slide 11: Business Development
Business Development • Samples submitted for new MNC customer in New Business Orderbook (Peak Annual axle business in Q3 Value Rs. Cr.) • Ramp up of xEV driveline new business programs 7 10 • Additional orders received from existing businesses • Vehicle share of wallet increasing with 45 offering of
Slide 12: Business Mix Optimization – Progress Update
Business Mix Optimization – Progress Update Phase 1 Phase 2 Phase 3 Product Rationalization Customer Quality Upgrade Volume & Price Optimization • Exit from unrelated, non-core • Reduced exposure to low-margin, • Pruning low-volume, low-price product lines credit risk export & legacy programs • Focu
Slide 13: Capex – Fuelling Growth
Capex – Fuelling Growth • 60% capex allocation to future growth areas – Driveline and Axle FY26 Capex - Product Group Allocation • Capex purpose and strategy: • Bias for future growth areas 2.54 • Upgrade asset base for predictable growth • KFL Fixed Asset Turnover (Sales/Net Fixed Assets) is 3.5, 6
Slide 14: About Kalyani Forge
About Kalyani Forge 2/12/2026 Confidential, Investor Presentation, Kalyani Forge Ltd. 13
Slide 15: Company Stats
Company Stats • Established in 1978, around 50 years in the industry • Publicly Listed on National Stock Exchange and Bombay Stock Exchange India • NSE: KALYANIFRG • BOM: 513509 • Workforce Headcount: 1,000+ • Location: Pune, Maharashtra, India • Nearest Sea Port: Mumbai (190km) • No. of Plants 5: •
Slide 16: Trucks, Cars, Industrial
Well diversified, leveraging common strengths High volume and high value forgings in every truck Trucks Large and mature market High volume and high value forgings in every car Cars Large and mature market Steady and growing market for large engines Industrial Hedge against cyclicality of automotive
Slide 17: Company Milestones
Company Milestones 1980 and 90s 2000s: 2010s: 2020s: • Founded in 1979 by Dr. • 1st Fracture Split Conrod • Established lines for • Scaling up Machining Neelkanth Kalyani (Founder developed in India marquee global OEMs Business of Kalyani Group) • Forayed into Passenger Car • 1st Euro-6/BS VI compli
Slide 18: Leadership - Board of Directors
Leadership - Board of Directors • Deep Experience at scale • Automotive and manufacturing domain knowledge • Global exposure • Strong strategic and Rohini Kalyani Viraj Kalyani Gaurishankar N. Kalyani leadership skills Executive Chairperson Managing Director Director Ajay Tandon Jeevan Mahaldar Abhi
Slide 19: Thank You
Thank You FROM BOLD Investor Presentation www.kalyaniforge.com DECISIONS TO TANGIBLE 2/12/2026 GAINS Confidential, Investor Presentation, Kalyani Forge Ltd. 18