The Board of Directors at their meeting held today on May 29, 2026 have approved the Audited Financial Results and based on the recommendation of the Nomination and Remuneration Committee ....
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IP Rings Limited reported FY2025-26 standalone revenue of Rs 33,678.62 lakhs (up 11% from Rs 30,337.55 lakhs) and standalone PAT of Rs 269.18 lakhs, a turnaround from a loss of Rs 319.79 lakhs in FY2024-25. Consolidated PAT was Rs 171.93 lakhs (vs loss of Rs 442.60 lakhs). The auditors M/s M.S. Krishnaswami & Rajan issued an unmodified (clean) opinion. An exceptional item of Rs 137.21 lakhs was recorded due to implementation of new Labour Codes (gratuity and leave liability adjustments). The Board reappointed Mr. M. Govindarajan as Non-Executive Director and appointed Mr. Balavijayan Nagarajan as Additional Director for 5 years. Cost auditors M/s A N Raman & Associates and internal auditors M/s S K R and Company LLP were reappointed for FY2026-27.
The company returned to profitability with strong revenue growth, though EBITDA margins remain thin at approximately 1.5%. The clean audit opinion is positive for investor confidence. The Labour Code impact was non-recurring, so underlying operational performance improved significantly year-on-year.