| Revenue growth | Consolidated FY26 grew 14% YoY; domestic FY26 grew 20% YoY. |
|---|---|
| Margins | Consolidated EBITDA margin at 7.7% for FY26; impacted by product mix. |
| Order book | Order books are strengthening and customer engagement levels are increasing. |
| Demand visibility | Strong Indian steel capacity expansion plans provide long-term demand visibility. |
| Management confidence | High in domestic steel demand; optimistic on U.S. and European recovery. |
Growth
FY26 Consolidated Revenue up 14% to ₹1,904cr; Standalone FY26 Total Income up 10% to ₹1,117cr.
Outlook
Targeting double-digit domestic growth for FY27; Khurda greenfield project underway; targeting Monocon breakeven by Q4FY27.
Risks
Geopolitical uncertainties impacting exports; elevated raw material and shipping costs; LPG availability issues in West Asia.
Last quarter's promises, checked
Delivered
- Guided 35%-40% TRM revenue share → delivered 35%-40% (= BEAT)
- Guided US growth rebound → delivered 37% YoY revenue growth (= BEAT)
- Guided 12% minimum standalone EBITDA margin → delivered 11% 9MFY26 (= BEAT)
Partly delivered
- Guided Khurda project progress → commenced but completion target remains FY28 (= PARTIAL)
Missed
- Guided technology transfer by Dec 2025 → delayed to March 2026 (= MISS)
- Guided 12% consolidated EBITDA margin → delivered 7.3% 9MFY26 (= MISS)
Earnings Call filed with BSE, NSE: IFGLEXPOR. Summary written with AI assistance from the document.
IFGL Refractories Ltd: key numbers
- Share price
- ₹197.45
- Market cap
- ₹1,423 Cr
- Revenue (annual)
- ₹1,894 Cr
- Net profit (annual)
- ₹34.70 Cr
- P/E (TTM)
- 34.8×Sector 53.6×
- Promoter holding
- 72.43%+0.00% QoQ
- FII holding
- 0.03%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from IFGL Refractories Ltd
All →IFGL Refractories Other Announcement
IFGL Refractories sent reminders to shareholders holding physical shares, urging them to update mandatory PAN, KYC, and nomination details as per SEBI circulars.
IFGL Refractories Annual General Meeting
IFGL Refractories Ltd issued a Postal Ballot Notice to seek shareholder approval for the appointment of Mr. Mukesh Harshadrai Rawal as Whole-time Director and CEO.
IFGL Refractories Q1 FY27 Results: Net Profit ₹17.1 Cr, Up 58.3% YoY
IFGL Refractories Ltd reported revenue from operations of ₹512.4 Cr (+12.9% YoY) and net profit of ₹17.1 Cr (+58.3% YoY) for Q1 FY27.
- Key figure
- Net profit ₹17.1 Cr · +58.3% YoY
IFGL Refractories Earnings Call Transcript: Key Takeaways
IFGL is navigating a messy transition with leadership shifts and margin pressure from geopolitical disruptions, partially offset by strong domestic volume and US growth.
- Call
- Guides 10% growth
IFGL Refractories Earnings Call: Key Takeaways
IFGL is pivoting aggressively toward the domestic Indian steel growth story to offset stagnant European markets, utilizing technology transfers from UK subsidiaries to capture high-margin specialized segments.
IFGL Refractories Earnings Call: Key Takeaways
IFGL reported FY26 consolidated revenue growth of 14% to ₹1,904 cr, driven by strong domestic and US performance, despite margin compression from elevated input costs.