IFB Industries has filed its 50th Annual Report for FY2025-26, reporting its best-ever year in terms of revenue and overall PBDIT. The company recorded standalone total income of ₹5,475.91 crore, with Profit Before Depreciation, Interest and Tax (PBDIT) of ₹334.07 crore (6.14% of revenue), Profit Before Tax (PBT) of ₹179.61 crore, and Profit After Tax (PAT) of ₹133.34 crore. On a consolidated basis, total income stood at ₹5,652.59 crore, with PBDIT of ₹351.23 crore (6.25%), PBT of ₹192.45 crore, and PAT of ₹143.56 crore. The company's 50th Annual General Meeting is scheduled for July 29, 2026, to be held via Video Conferencing.

Financial Performance

The following table summarises the company's standalone and consolidated financial results for FY2025-26 compared to FY2024-25:

The standalone net revenue from operations grew by 10.13% to ₹5,443.25 crore. An exceptional item of ₹13.96 crore was recognised during the year on account of an incremental gratuity liability arising from the introduction of Labour Codes effective November 21, 2025. The company ended the year with a debt of ₹12.77 crore as of March 31, 2026, and a cash balance of ₹358.97 crore, making it net debt zero. As of June 30, 2026, debt further reduced to ₹10.49 crore, and the company remained net debt zero on that date as well. No dividend has been recommended for FY2025-26.

Segment-Wise Performance

The Home Appliance Division contributed 80.14% to total turnover, while the Engineering Products Division accounted for 17.09%. The following table captures key segment highlights:

The Engineering Division recorded order bookings of ₹153 crore in FY2025-26, comprising ₹71 crore in EV-negative (ICE) parts, ₹75 crore in EV-neutral modules, and ₹7 crore in EV-positive components. The Steel Division's new Annealing Furnace was successfully commissioned with commercial production commencing from May 2026. The Appliance Division reduced material cost by ₹67 crore through its cost reduction programme during the year, though this was offset by commodity price increases of ₹32 crore and INR depreciation impact of ₹52 crore. The company's scheme payout during the year was ₹1,778.15 crore.

Subsidiary and Associate Performance

The company's international subsidiaries and associate delivered mixed results during the year:

A new step-down subsidiary, Schmid Automotive & Appliances GmbH (SAAG), was incorporated in Switzerland in December 2025 through GAAL to augment design and tooling capabilities for the Engineering Business. Switzerland was chosen for its concentration of fine blanking tooling expertise. SAAG is also providing design support for a complex part being developed for a strategic global customer of the Advanced Electronics Division.

Strategic Initiatives and Expansion

The company has undertaken several strategic initiatives during and after FY2025-26. A dedicated plant for the Advanced Electronics Division was set up in Bangalore in August 2025, with production commencing in September 2025 for a strategic customer. The Division is ramping up to full capacity by H1 FY2026-27. For the Engineering Division, the company has entered into a rental agreement for a built-up factory shed of 1,60,000 sq ft in Bangalore to set up an in-house chain manufacturing line, with operations expected to commence by Q4 FY2026-27. Additionally, a land measuring 16.31 acres has been acquired at Sanand II Industrial Area, Gujarat, for a planned greenfield stamping facility. A greenfield project for EV Battery Can manufacturing is also being contemplated at Sanand, Gujarat. The company is also looking for land in West Bengal for railways and engineering business. More than 60 companies have been evaluated for M&A opportunities, though no acquisition has been concluded so far.

CRISIL reaffirmed the company's credit rating at "CRISIL AA-/Positive" for long-term debts and "CRISIL A1+" for short-term debts on October 24, 2025. The company is also working with globally renowned consultants, including M/s Alvarez Marsal, for cost reduction, with expected additional material cost savings of around ₹120 crore to ₹150 crore in the current year.

Key Financial Ratios

The following table presents key financial ratios for FY2025-26 compared to FY2024-25:

Environmental and Social Performance

The company's Business Responsibility and Sustainability Report (BRSR) for FY2025-26, filed pursuant to Regulation 34(2)(f) of SEBI (LODR) Regulations, 2015, highlights significant progress on ESG metrics. The company sourced 52% of its total electricity consumption from renewable energy sources. The following table summarises key environmental and financial metrics:

The company achieved Zero Liquid Discharge (ZLD) across all major manufacturing facilities. The workforce comprised 2,301 employees and 2,630 workers as of March 31, 2026, with 100% coverage under health and accident insurance. The Board of Directors included one female member out of twelve, representing 8.33% representation. No fines or penalties were imposed by regulators for bribery or corruption during the year. The company's CSR expenditure stood at ₹182.70 lakhs against a budgeted amount of ₹164.26 lakhs, with an excess spend of ₹18.44 lakhs available for set-off in succeeding financial years.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE559A01017/6c63372a0be94499.pdf

IFB Industries announced that its shareholders have approved the appointment of three directors through a postal ballot process that concluded on June 25, 2026. The resolutions, which sought to restructure the company's board and leadership, received the requisite majority from members. The appointments include Mr. Arup Das as Director and Executive Director, Mr. Manoj Kumar Vijay as Independent Director, and Mr. Sandeep Joseph Abraham as Director and Managing Director & Chief Executive Officer.

The postal ballot was conducted pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Remote e-voting was facilitated by the National Securities Depository Limited (NSDL), with the voting period open from May 27, 2026, to June 25, 2026. A total of 177 shareholders participated, casting 32,979,617 votes, representing 81.39% of the total outstanding shares.

Voting Results

The scrutinizer's report, submitted by Atul Kumar Labh of M/s. A.K. Labh & Co., detailed the outcome for each resolution. The table below summarizes the voting figures for the five proposals put to vote.

Key Appointments

Mr. Arup Das (DIN: 08417965) received approval for his roles as Director and Executive Director – Engineering Business. While the promoter group voted entirely in favour, public institutions showed some opposition to the Executive Director appointment, with approximately 4.73% voting against the special resolution.

Mr. Manoj Kumar Vijay (DIN: 00075792) was appointed as an Independent Director. This resolution saw the highest level of opposition, with 85.79% of public institutional votes cast against it, though it still passed with an overall majority of 93.94%.

Mr. Sandeep Joseph Abraham (DIN: 11656222) secured approval for his appointment as Director and as Managing Director & Chief Executive Officer. Both resolutions passed with overwhelming support, garnering 99.99% of the votes in favour. The company stated that the resolutions were deemed passed on June 25, 2026.