Shares of Kirloskar Ferrous Industries Limited experienced a sharp surge on 18 June as investors reacted to an international breakthrough. The stock recorded a solid rally on the NSE, hitting its new 52-week high of Rs 508.45 after confirming a multi-million dollar business contract.

The iron manufacturer bagged a substantial export order valued at approximately $13.51 million from a customer based in London, United Kingdom. 

Under the signed agreement, the firm will supply 30,000 metric tonnes of basic-grade pig iron to the international buyer. 

The contract explicitly permits a variance of plus or minus 5% on the quantity. The shipment is set to be executed on a Free on Board basis. 

According to the regulatory disclosure, the full delivery must be finished before 15 August 2026. The financial transaction remains completely secured through a sight letter of credit.

The contract does not involve any related-party transactions. Kirloskar Ferrous confirmed that neither promoters nor any promoter group entities hold any stake in the overseas buying firm.

To add operational depth, the pig iron manufacturer recently posted a strong performance in its latest quarterly financial results. 

The consolidated net profit for the fourth quarter of the financial year 2026 jumped 33.3% year-on-year to Rs 123.1 crore. Revenue from operations also moved up by 4.6% to reach Rs 1,817.2 crore during the same period.

The operating performance similarly improved as consolidated EBITDA grew 12% to Rs 224.6 crore in the March quarter. Consequently, the EBITDA margin expanded to 12.4% against 11.6% recorded in the previous corresponding period. 

Total expenses for the quarter rose by 3.3% to Rs 1,691.7 crore, driven heavily by a 6.8% rise in raw material costs. The company serves critical sectors including tractors, automobiles, and diesel engines.

Buying support remains exceptionally strong. At 13:56 pm, the stock is trading at Rs 486.00. This represents a solid 9.39% climb from the previous close.

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