Ion Exchange (India) Limited has informed the Exchanges about the financial results for quarter and financial year ended March 31, 2026.
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Ion Exchange India reported standalone revenue of Rs 267,891 Lacs for FY26, up 5.5% from Rs 254,006 Lacs in FY25, showing modest top-line growth. However, profit after tax fell sharply by 35.5% to Rs 13,838 Lacs from Rs 21,448 Lacs in the prior year, impacted by rising input costs, higher finance costs (Rs 2,054 Lacs vs Rs 838 Lacs), and increased depreciation. The Q4 standalone PAT was Rs 1,957 Lacs, down from Rs 6,458 Lacs in Q4 FY25. The company recorded an exceptional item of Rs 1,454 Lacs due to adjustments from new Labour Codes. Operating cash flow turned negative at Rs -5,573 Lacs for FY26, a significant deterioration from Rs 2,618 Lacs net cash generated in FY25. The board recommended a dividend of Rs 1.25 per share (125%) for FY26. The auditor issued an unmodified (clean) opinion on the standalone results but included an emphasis of matter regarding a subsidiary (Ion Exchange Enviro Farms Limited) involved in a long-pending SEBI matter requiring a Rs 22.02 crore deposit, with the next hearing in June 2026.
Sharp PAT decline of 35.5% and negative operating cash flow signal significant profitability and liquidity pressure. Shareholders may face near-term uncertainty despite the dividend payout. The SEBI-linked subsidiary matter adds contingent liability risk.