IFGL Refractories Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
IFGLEXPOR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
IFGL Refractories reported standalone revenue of Rs 1,10,941 lakhs for FY26, up 11.2% from Rs 99,763 lakhs in FY25. However, profit after tax declined significantly to Rs 3,884 lakhs from Rs 5,760 lakhs in FY25, a drop of about 33%. On a consolidated basis, revenue grew 14.6% to Rs 1,89,425 lakhs while PAT fell 19.3% to Rs 3,470 lakhs. The company recognized an exceptional charge of Rs 523 lakhs due to the implementation of new labour codes. The board recommended a final dividend of Rs 2.15 per share (21.5%) for FY26. Statutory auditors S R Batliboi & Co. LLP issued an unmodified (clean) opinion, though they included an Emphasis of Matter on historical goodwill accounting treatment from a 2016 amalgamation and an ongoing income tax dispute.
The stock may see pressure due to significant PAT decline of 19-33% despite revenue growth. The exceptional labour code charge and tax disputes add uncertainty. However, the clean auditor opinion and dividend announcement provide some support for shareholder confidence.