As per letter attached dated 30th May, 2026
IFGLEXPOR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
IFGL Refractories Ltd reported audited standalone revenue of Rs 1,10,941 lakhs for FY2026, up 11.2% from Rs 99,763 lakhs in FY2025. Consolidated revenue grew 14.6% to Rs 1,89,425 lakhs. However, profitability declined significantly - standalone profit after tax fell 32.6% to Rs 3,884 lakhs (vs Rs 5,760 lakhs), while consolidated PAT declined 19.3% to Rs 3,470 lakhs (vs Rs 4,298 lakhs). The board recommended a final dividend of Rs 2.15 per equity share (21.5%) for FY2026, subject to shareholder approval. An exceptional item of Rs 523 lakhs was recorded due to new labour codes implementation. The statutory auditor S.R. Batliboi & Co. LLP issued an unmodified opinion with emphasis of matter on goodwill accounting treatment and pending income tax litigation.
The company showed revenue growth but suffered significant profit decline due to cost pressures and exceptional labour code charges. Shareholders can expect dividend income but should note the reduced profitability and ongoing tax disputes as contingent liabilities.