IFB Industries (IFBIND) Q1 26/27 earnings summary

Executive summary

• Consolidated Q1 revenue was ₹1,584.74 crore and net profit ₹43.05 crore, versus ₹1,338.31 crore and ₹26.15 crore a year earlier.

• Standalone revenue from operations was ₹1,523.52 crore; PBDIT rose to ₹88.46 crore from ₹69.95 crore.

• Standalone annualized ROCE was 17.32%, up from 14.04%; cash and mutual fund investments exceeded borrowings by ₹398.75 crore.

Financial highlights

• Standalone total income was ₹1,529.09 crore versus ₹1,310.82 crore; revenue from operations was ₹1,523.52 crore versus ₹1,300.99 crore.

• Standalone PBDIT was ₹88.46 crore, PBT ₹51.54 crore and PAT ₹38.06 crore, versus ₹69.95 crore, ₹33.93 crore and ₹25.36 crore, respectively.

• Consolidated revenue from operations was ₹1,584.74 crore, PBDIT ₹94.95 crore, PBT ₹67.20 crore and PAT ₹43.05 crore.

• Operating cash flow was ₹150.75 crore; investing and financing cash outflows were ₹169.72 crore and ₹7.06 crore.

• No exceptional item was recorded in the standalone or consolidated quarter.

Outlook and guidance

• Management is targeting ~20% sales growth; HAD revenue grew 18% in Q1, July was described as good, and growth is expected to continue.

• Engineering targets ₹500 crore of FY27 order bookings; Q1 bookings were ₹31 crore, with ₹300 crore of RFQs in pipeline, including ₹69 crore at advanced stages.

• Engineering anticipates ₹150 crore annualized EV-segment business and ₹60 crore from brake discs; new stamping capacity in Gujarat is under evaluation.

• Commercial Appliances has a three-year “3 X 3” ambition to achieve 3X revenue, prioritizing government projects, exports and premium laundry products.

• Motor Division shipped over 100,000 BLDC motors in Q1 and is on track to exceed 450,000 units in FY27; Automotive Motors targets monthly turnover above ₹8 crore and a 10% PBDIT margin.