Press Release for Q2 & H1 FY26 Financial Results.
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Indag Rubber Limited reported its Q2 FY26 results with revenue of ₹55 crore, down 16% YoY but up 15% QoQ from ₹48 crore. EBITDA rose 57% QoQ to ₹6.2 crore, with margins expanding by 300 basis points QoQ to 11.3%. Profit After Tax nearly doubled QoQ to ₹3.6 crore (up 96% from Q1's ₹1.8 crore), though it was down 9% YoY. For H1 FY26, revenue stood at ₹103 crore versus ₹123 crore last year, with PAT at ₹5.5 crore. Management cited recovery in aftermarket and STU business volumes after a soft Q1, supported by better sales mix, higher realizations, and cost optimization. The Board also approved an interim dividend of ₹0.90 per share.
The strong sequential improvement in profitability and margins signals a recovery from Q1 weakness, which is positive for sentiment, though the YoY decline in revenue and earnings suggests underlying demand remains soft. The interim dividend provides a modest cash return to shareholders.