• OEM price hikes: The company secured price increases between ₹4,700 and ₹4,940 per ton plus alloy increases with OEMs to compensate for rising input costs, effective across January 1st and April 1st.
• Margin outlook: Operating margins are expected to remain by and large intact at around 20%, as ongoing cost pressures from ferroalloys, freight, and energy are passed on through regular quarterly negotiations.
• Expansion and cash: Kalyani Steels holds over ₹800 crore in free cash parked for future capacity expansion, with final capital expenditure details expected to be disclosed around the next board meeting in roughly two months following regulatory clearances.
• Group revenue share: Group companies account for close to 50% of Kalyani Steels' revenue, and all OEM price adjustments apply automatically across both group and non-group customers.