IFB Industries targets 20-25% growth in engineering division
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 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 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?































