IFB Industries (IFBIND) Q2 25/26 earnings summary

Executive summary

• Q2 FY26 consolidated revenue rose to ₹1,370.43 crore from ₹1,219.33 crore YoY; net profit increased to ₹50.79 crore from ₹31.41 crore.

• H1 consolidated revenue reached ₹2,708.74 crore versus ₹2,488.49 crore, and net profit was ₹76.95 crore versus ₹68.95 crore; Q1 softness restrained cumulative profit growth.

Financial highlights

• Standalone Q2 revenue from operations was ₹1,319.94 crore, PBDIT ₹102.50 crore and PAT ₹49.75 crore; PBDIT margin rose to 7.7% from 6.6%.

• Standalone H1 revenue from operations was ₹2,620.93 crore, PBT ₹102.25 crore and PAT ₹75.11 crore; PBDIT margin eased to 6.5% from 6.8%.

• Q2 consolidated PBT was ₹70.04 crore versus ₹43.29 crore; H1 consolidated PBT was ₹105.08 crore versus ₹94.67 crore.

• H1 consolidated operating cash flow was ₹163.33 crore versus ₹94.68 crore; cash and cash equivalents stood at ₹94.12 crore at 30 September 2025.

Segment performance

• Consolidated Home Appliances Q2 revenue was ₹1,092.64 crore versus ₹952.06 crore; segment profit rose to ₹54.24 crore from ₹26.63 crore.

• Consolidated Engineering Q2 revenue was ₹244.17 crore versus ₹232.57 crore; segment profit was ₹29.19 crore versus ₹29.69 crore.

• IFB Refrigeration Q2 sales increased 50% to 103,382 units; revenue rose 51% to ₹128.62 crore and PBDIT reached ₹8.03 crore.

• GAAL Q2 revenue grew 27.36% to ₹34.68 crore and PBDIT rose 25% to ₹3.99 crore; Thai Automotive & Appliances revenue declined 4% to ₹16.5 crore.