Kalyani Forge posted robust Q3 FY26 financial results, achieving a record EBITDA margin of 15.7% on revenue of ₹58.22 Cr.

Profit Before Tax (PBT) reached ₹3.95 Cr, the strongest in four quarters, although Profit After Tax (PAT) was ₹(0.12) Cr due to a non-cash deferred tax adjustment.

The company’s core business saw growth driven by OEM demand, with Engine (58%), Driveline (18%), and Axle (8%) as key segments.

Strategically, Kalyani Forge is optimizing its business mix by exiting low-margin programs, focusing on long-term margin stability and scalability.

It's increasing 'share of wallet' with OEMs, uniquely offering Engine + Driveline + Axle components.

Recent developments include scaling up the Europe transmission business, submitting samples for a new MNC axle customer, and ramping up xEV driveline programs.

Exports now account for 20% of total sales.

Management is directing 60% of capex towards high-growth Driveline and Axle segments to upgrade assets and boost operational efficiency.

The company aims for continued structural profitability, backed by a strong new business orderbook including ₹107 Cr for Engine and ₹45 Cr for Driveline.