KALYANIFRG

What Kalyani Forge promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q1 FY27

what the last two calls moved 16 tracked 3 delivered 3 missed 10 open
  • EBITDA Margin delivered said Q3 FY25 Promised: our target EBITDA is 15% Q1 FY27: 16.2%
  • Employee Cost % of Sales went quiet said Q4 FY25 Promised: employee cost as a percentage of sales, would come down Q1 FY27: No specific data provided. Management mentioned 'increases in wages' as an offset to other cost savings.
  • Revenue Growth at risk said Q3 FY25 Promised: doubling our revenue over the next few years Q1 FY27: Revenue grew 13.2% QoQ to ₹67.07 cr. Management now aims for 'at least 20% CAGR' over the next 5 years, which is lower than the ~26% CAGR required for doubling by 2027.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 16 tracked commitments for Kalyani Forge — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens