Following Regulation 30, 33 and 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR 2015), Outcome of proceedings at Company's Board Meeting held to-day ....
IFGLEXPOR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
IFGL Refractories Ltd's Board approved audited FY 2025-26 results showing standalone revenue grew 11% to Rs 1,10,941 lakhs, but profit after tax fell 33% to Rs 3,884 lakhs from Rs 5,760 lakhs. Consolidated revenue rose 15% to Rs 1,89,425 lakhs, while PAT declined 19% to Rs 3,470 lakhs. The company recorded an exceptional charge of Rs 523 lakhs due to new labour codes. Auditors issued an unmodified (clean) opinion but included Emphasis of Matter on goodwill accounting treatment and an ongoing income tax dispute (Rs 832 lakhs contingency). The Board recommended a final dividend of Rs 2.15 per share (21.5%) for FY 2025-26, with record date July 29, 2026 and AGM on August 5, 2026.
The profit decline despite revenue growth signals cost pressure or margin compression. The labour code charge is one-time, but the income tax dispute remains a contingent liability. The dividend declaration maintains shareholder returns, though the lower PAT may limit upside.