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Earnings Call

Ion Exchange (India) Earnings Call: Key Takeaways

ION Exchange reports steady revenue growth but significant margin pressure in its chemical segment due to raw material inflation and West Asia logistics disruptions.

Why this was an Alfa AlertNot a filter event. Financials show a profit decline and growth was in line with historical trends.
Highlights
Revenue growthFY26 revenue up 7% YoY; Q4 income up 3%.
MarginsEBITDA margins contracted to 7.21% in FY26 due to Roha costs.
Order bookEngineering order book stands at ₹26,433 million as of March 2026.
Demand visibilityStrong inquiry pipeline in engineering; 40% growth in order inflow.
Management confidenceCautiously optimistic but defensive regarding raw material inflation and shipping disruptions.

Growth

FY26 operating income grew 7% YoY; however, EBITDA declined 29% due to Roha facility expenses and input costs.

Outlook

Targeting 25% capacity utilization at Roha; UP project completion expected within current fiscal year.

Risks

Margins are under severe pressure from West Asia shipping delays and rising Styrene/Oleum prices impacting the chemical division.

Source

Earnings Call filed with NSE, NSE: IONEXCHANG. Summary written with AI assistance from the document.

Read the document ↗

Ion Exchange (India) Ltd: key numbers

Share price
₹420.15
Market cap
₹6,162 Cr
Revenue (annual)
₹2,915 Cr
Net profit (annual)
₹142.7 Cr
P/E (TTM)
62.8×Sector 25.1×
Promoter holding
25.43%-0.09% QoQ
FII holding
4.86%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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