Bengaluru: KIOCL Limited, a Government of India enterprise, reported a significant improvement in its financial performance for the quarter ended June 30, 2026. The company’s income from operations increased to Rs 158.01 crore, compared with Rs 90.94 crore in the corresponding quarter of the previous year.
Despite remaining in loss, KIOCL substantially reduced its net loss to Rs 15.48 crore in Q1 FY27 from Rs 37.79 crore in Q1 FY26.
The company’s Board of Directors approved the unaudited financial results at its meeting held on August 13, 2026. The meeting commenced at 11:30 AM and concluded at 1:00 PM.
KIOCL Q1 FY27 Revenue Rises Sharply
KIOCL recorded strong growth in its operating income during the June 2026 quarter.
The key standalone financial figures were:
- Income from operations: Rs 158.01 crore, compared with Rs 90.94 crore in Q1 FY26
- Total revenue: Rs 180.46 crore, compared with Rs 108.09 crore
- Net loss: Rs 15.48 crore, compared with Rs 37.79 crore
- EPS: -Rs 0.25, compared with -Rs 0.62
The improvement in revenue was supported by higher sales of pellets and related products.
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Net Loss Narrows by More Than Half
KIOCL’s net loss narrowed significantly during the quarter.
The company reported a loss of Rs 15.48 crore, compared with a loss of Rs 37.79 crore in the same quarter last year. This represents a substantial reduction in the quarterly loss.
The improvement came despite higher operating expenses, with stronger operating income and other income supporting the overall financial performance.
KIOCL reported other income of Rs 22.45 crore during Q1 FY27.
Pellet and Pig Iron Plants Remain Under Pressure
KIOCL’s segment performance continued to reflect pressure across its operating businesses.
For the June 2026 quarter, the reported segment results showed:
- Pellet Plant: Loss of Rs 14.54 crore
- Pig Iron Plant: Loss of Rs 1.04 crore
The Pig Iron Plant continued to operate at a loss during the quarter. The company is focusing on improving capacity utilisation and controlling costs to strengthen performance in the coming quarters.
EBITDA Loss Improves
The financial information also showed an improvement in KIOCL’s EBITDA loss.
EBITDA loss stood at approximately Rs 26.6 crore in Q1 FY27, compared with Rs 41.7 crore in Q1 FY26.
The reduction in the absolute EBITDA loss indicates an improvement in operating performance compared with the year-ago period.
KIOCL Board Approves Unaudited Results
The Board of Directors considered and approved the unaudited financial results for the quarter ended June 30, 2026 at its meeting on August 13, 2026.
The company has submitted the results to the stock exchanges and made them available through its official disclosures.
The Statutory Auditors have also carried out a limited review of the financial results and issued an unmodified report.
Trading Window Disclosure
KIOCL also provided an update regarding the trading window under the SEBI (Prohibition of Insider Trading) Regulations, 2015.
The trading window was closed from July 1, 2026, and is scheduled to reopen 48 hours after the declaration of the unaudited financial results.
The company also referred to compliance reporting under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended June 30, 2026.
The relevant certificate was received from the company’s Registrar and Transfer Agent, Integrated Registry Management Services Private Limited.
FY26 Performance Shows Turnaround
KIOCL had reported a turnaround in its full-year performance for FY26.
For the financial year ended March 31, 2026, the company reported a net profit of Rs 16.57 crore, compared with a loss of Rs 204.58 crore in FY25.
Total revenue for FY26 stood at Rs 708.26 crore, while net profit for the quarter ended March 31, 2026, was Rs 53.39 crore.
The statutory auditors issued an unmodified opinion on the FY26 financial results.
Government Continues to Hold Majority Stake
The President of India, acting through the Government of India, remains the promoter of KIOCL.
The promoter held 99.03% of the company’s shareholding, according to the information provided for FY26. The promoter also declared that no encumbrance was created on its shareholding during FY26.
KIOCL Focuses on Capacity Utilisation and Cost Control
The Q1 FY27 results indicate that KIOCL has made progress in reducing its losses while increasing operating income.
Going forward, the company’s focus remains on improving capacity utilisation, increasing operational efficiency and controlling costs across its facilities.
The stronger operating income in the June quarter, along with the reduction in net loss, points towards an improvement in the company’s financial performance compared with the same period last year.
About KIOCL
KIOCL Limited is a Government of India enterprise under the Ministry of Steel. The company is primarily engaged in the production of iron ore pellets and operates facilities related to iron and steel production. It is headquartered in Bengaluru, Karnataka.
