KIOCL Q4FY21 results: Net profit rises to Rs 301.17 cr

28 May 2021 CW Team

Kudremukh Iron Ore Company (KIOCL), a mini ratna category-1 company under the Ministry of Steel, declared the financial results for the fourth quarter of FY21 and for FY20.

KIOCL resumed its journey in ramping up the financial performance and recorded the highest turnover mainly due to better sales realisation and strong growth in Q4 during FY 2020-21.

During the FY 2020-21 KIOCL has registered a 593% rise in the net profit of Rs 301.17 crore against Rs 43.48 crore that were reported in FY 2019-20.

Steel public sector undertaking (PSU) earned Rs 2,477.83 crore as total revenue against Rs 2,056.53 crore, which was earned a previous year in FY 2019-20, therefore recording a growth of 20.49%. The company has also recorded a 544% growth in profit before tax of Rs 410.23 crore as against Rs 63.68 crore in FY 2019-20.

During the same time, the KIOCL has reached the pellet production of 2.21 mt as against 2.37 mt manufactured in the prior fiscal year, and dispatches numbers have also reached 2.311 mt as against 2.356 mt in the prior fiscal year. Export of Pellets 1.84 mt and Domestic sales 0.46 mt individually.

During the Q4 FY21, the KIOCL recorded a net profit of Rs 194 crore after tax as against Rs 26.44 crore, income from operations Rs 939.71 crore as against Rs 499.75 crore earned during FY 2019-20.

MV Subba Rao CMD of KIOCL said that the company’s fiscal performance for FY21 was great due to high sales realisation and the adoption of cost control measures. Further, he added that the company is expected to achieve a Memorandum of Understanding (MOU) ratings of above 80%.

Image Source

Also read: JSW Steel Q4 results: Net profit jumps to Rs 4,191 crore

Also read: L&T Q4 results: Consolidated net profit up 3% by Rs 3,293 cr

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..