IFB Industries targets 20-25% growth in engineering division

1 min read     Updated on 16 Jun 2026, 01:11 AM
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IFB Industries reported a 51% year-on-year increase in profit after tax (PAT) to ₹33.72 crore for Q4FY26, with revenue from operations rising 11% to ₹1456.38 crore. For the full year FY26, revenue grew 10% to ₹5475.91 crore, while PAT increased 4% to ₹133.34 crore. The company is targeting a 20% to 25% growth in the Engineering division over the next 2 to 3 years and expects to realize ₹150 crore from cost initiatives in the current financial year.

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IFB Industries reported a 51% year-on-year increase in profit after tax (PAT) to ₹33.72 crore for Q4FY26, driven by strong operational performance and margin expansion. Revenue from operations for the quarter stood at ₹1456.38 crore, an 11% increase compared to the corresponding period of the previous year. The standalone results for Q4FY26 reflect improved profitability, with the PBDIT margin expanding to 5.54% from 5.29% in the previous year. Earnings per share (EPS) for the quarter stood at ₹8.33 compared to ₹5.50 in Q4FY25.

For the full financial year FY26, the company recorded a revenue of ₹5475.91 crore, a 10% growth over FY25, while PAT for the year rose by 4% to ₹133.34 crore. The company recognized an exceptional item of ₹0.58 crore for the quarter and ₹13.96 crore for the year, in line with the Labor Code notified by the Government of India on November 21, 2025. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance Summary

Particulars Q4 FY26 (₹ in Cr) Q4 FY25 (₹ in Cr) Growth %
Revenue 1456.38 1311.68 11%
PBDIT 80.72 69.39 16%
PBT (after exceptional item) 45.47 29.34 55%
PAT 33.72 22.29 51%

Segment and Operational Updates

The Home Appliances Division reported revenue of ₹1166.59 crore in Q4FY26, up from ₹1058.43 crore in the previous year. Management highlighted a double-digit growth in front loaders and microwaves, while AC growth was muted. The Engineering Business recorded a revenue of ₹244.79 crore, a 12.30% increase. On a consolidated basis, revenue from operations for Q4FY26 reached ₹1498.20 crore, with consolidated PAT for the quarter standing at ₹42.67 crore.

Management stated that the company is targeting a 20% to 25% growth in the Engineering division over the next 2 to 3 years, with a target EBITDA margin of 17% to 18%. For the Home Appliances division, the company is focusing on product portfolio simplification and cost optimization initiatives to mitigate the impact of commodity and forex fluctuations. The company expects to realize ₹150 crore from cost initiatives in the current financial year.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE559A01017/678b2c68a9dc44c1.pdf

Historical Stock Returns for IFB Industries

1 Day5 Days1 Month6 Months1 Year5 Years
+0.05%+2.00%+2.87%-17.28%-16.55%+26.07%

What specific strategies will IFB Industries employ to achieve the targeted 17-18% EBITDA margin in the Engineering division over the next 2-3 years?

How does the company plan to address the muted growth in the AC segment within the Home Appliances division?

What are the expected long-term financial impacts of the Labor Code compliance costs recognized as exceptional items?

IFB Industries opens postal ballot for director appointments

1 min read     Updated on 28 May 2026, 06:52 AM
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IFB Industries Limited has initiated a postal ballot via remote e-voting, open from May 27 to June 29, 2026, to approve the appointments of Mr. Arup Das, Mr. Manoj Kumar Vijay, and Mr. Sandeep Joseph Abraham. Shareholders registered as of May 22, 2026, are eligible to vote, with results expected on or before June 29, 2026.

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IFB Industries has commenced the remote e-voting process for its postal ballot to seek shareholder approval for the appointment of three directors to its Board. The voting period opened on May 27, 2026, at 9:00 a.m. IST and will conclude on June 29, 2026, at 5:00 p.m. IST. The company has published the notice in newspapers including 'Business Standard' and 'Aajkal' to inform members about the regulatory process under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company seeks ratification for Mr. Arup Das as Executive Director - Engineering Business, the appointment of Mr. Manoj Kumar Vijay as an Independent Director, and the appointment of Mr. Sandeep Joseph Abraham as Managing Director & CEO – Home Appliance Division. These resolutions are subject to the approval of members and compliance with the Companies Act, 2013, and SEBI regulations. The Board has appointed M. A. K. Lath, a Practicing Company Secretary and proprietor of M/s. A. K. Lath & Co., as the Scrutineer to supervise the e-voting process.

Proposed Appointments

Mr. Arup Das, inducted as an Additional Director on April 1, 2026, is proposed to be appointed as Executive Director - Engineering Business for one year. His remuneration is estimated at a Cost to Company (CTC) of approximately ₹1.20 Crores per annum. Mr. Manoj Kumar Vijay is proposed as an Independent Director for a two-year term effective from April 9, 2026. Mr. Sandeep Joseph Abraham is proposed as Managing Director & CEO – Home Appliance Division for five years effective from April 9, 2026, with an estimated annual CTC of ₹3.25 Crores.

Voting Schedule and Process

Members registered on the records of the company or depositories as of May 22, 2026, are eligible to participate. The company has engaged National Securities Depository Limited (NSDL) to facilitate the voting process. Shareholders can cast their votes through the NSDL e-voting system. The results of the postal ballot will be announced on or before June 29, 2026.

Director Proposed Role Tenure Effective From
Mr. Arup Das Executive Director - Engineering Business 1 Year 1st April, 2026
Mr. Manoj Kumar Vijay Independent Director 2 Years 9th April, 2026
Mr. Sandeep Joseph Abraham Managing Director & CEO – Home Appliance Division 5 Years 9th April, 2026

Historical Stock Returns for IFB Industries

1 Day5 Days1 Month6 Months1 Year5 Years
+0.05%+2.00%+2.87%-17.28%-16.55%+26.07%

What strategic shifts does IFB Industries anticipate under the leadership of the new Managing Director & CEO for the Home Appliance Division?

How will the appointment of a dedicated Executive Director for the Engineering Business impact the company's revenue diversification?

What are the expected synergies between the newly appointed leadership team and IFB's long-term growth objectives?

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