This research studied the effects of quenched and tempered microstructure on the medium and low temperature impact toughness of grade CA-is martensitic stainless steel. It was found that carbide film formed around martensite and ferrite grain boundries in the as-cast structure of CA-is alloy which impact energy absorbed capacity of the material and also made it quite randomly distributed. Tempering above 400℃ dissolved all retained austensite in the matrix as confirmed by X-ray diffractometry. Secondary hardening occurred when the specimens were tempered in between 200-350℃. When tested at intermediate temperature, impact toughness increased proportionally to that of the ambient data and the tempered embrittlement phenomenon occurred at about 400℃. When tested at sub-zero temperature, impact toughness of the specimens were greatly reduced and did not affect much by the differences in tempering temperatures.