ION Exchange (India) Limited has informed the Exchange about Earnings Presentation for the fourth quarter and year ended March 31, 2026
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Ion Exchange India reported Q4 FY26 consolidated operating income of INR 8,633 million (up 3.4% YoY) with severely compressed operating EBITDA margins of 2.31% versus 10.28% in Q4 FY25. For FY26 full year, consolidated revenue grew 6.5% to INR 29,148 million but operating EBITDA fell 28.5% to INR 2,102 million with margins declining 353 basis points to 7.21%. PAT dropped 31.3% to INR 1,432 million. Engineering segment (58% of revenue) saw EBIT decline, while Chemicals margins were impacted by input cost pressures. Finance costs surged 77.8% YoY and borrowings increased significantly, turning net debt/equity positive from (0.1) to 0.1. The company has an order book of INR 23,378 million and bid pipeline of INR 95,090 million. West Asia geopolitical tensions impacted some project dispatches and export shipments.
The sharp margin contraction despite revenue growth signals significant cost inflation and operational challenges. Rising debt levels and finance costs further pressure profitability. While the order pipeline is healthy, near-term earnings will remain under pressure until margin recovery materialises.