International Conveyors Ltd has released its audited financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the standalone and consolidated financial statements at its meeting held on May 20, 2026. The statutory auditors, M/s G. P. Agrawal & Co., provided an unmodified opinion on the results, confirming compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Q4 Performance

International Conveyors delivered a strong quarterly performance in Q4, with consolidated net profit rising to Rs 76.25 crore from Rs 13.03 crore in the same quarter of the previous year. Revenue for the quarter surged to Rs 970.30 lakh from Rs 441.82 lakh year-on-year. On a standalone basis, net profit for the quarter was Rs 5.11 crore, compared to Rs 68.08 crore in the corresponding period last year, while revenue from operations increased to Rs 966.30 lakh from Rs 440.82 lakh.

The following table summarises the key Q4 metrics:

Annual Financial Performance

For the full financial year ended March 31, 2026, the company reported a consolidated net profit of Rs 29.88 crore, compared to Rs 13.03 crore in the previous year. Total consolidated revenue for the year stood at Rs 204.60 crore, up from Rs 44.18 crore in FY25. On a standalone basis, the company reported a net loss of Rs 3.22 crore for the year, compared to a net profit of Rs 68.08 crore in the corresponding period last year, while revenue from operations decreased to Rs 203.65 crore from Rs 440.82 crore.

Operational Highlights

The company's Conveyor Belts segment remained the primary revenue driver, contributing Rs 173.41 crore to the consolidated revenue for the year. The Trading Goods segment reported revenue of Rs 37.79 crore. During the year, the company allotted 4,02,000 shares under the ICL Employee Stock Option Plan 2020, increasing the paid-up share capital. Additionally, International Conveyors Australia Pty. Ltd. became a direct subsidiary following an acquisition.

Auditor and Governance

M/s G. P. Agrawal & Co., Chartered Accountants, audited the financial results and confirmed compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board also re-appointed M/s Lodha & Co. LLP as the internal auditors for the financial year 2026-27.

International Conveyors Limited completed the acquisition of equity shares of Jain Resource Recycling Limited on May 11, 2026, pursuant to a disclosure filed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transaction was executed through cash consideration and was undertaken for investment purposes. The Company Secretary and Compliance Officer, Dipti Sharma, signed and submitted the regulatory disclosure on the same date.

Acquisition Details

The following table summarises the key parameters of the acquisition as disclosed by International Conveyors:

The acquisition does not fall within the category of related party transactions, and neither the promoter, promoter group, nor group companies have any interest in the entity being acquired.

About Jain Resource Recycling Limited

Jain Resource Recycling Limited was incorporated in 2022 and, along with its subsidiaries, specialises in recycling non-ferrous metal scrap and producing lead, copper, and aluminium alloys. Its lead ingots are London Metal Exchange-registered, ensuring adherence to international quality standards. The company also trades non-ferrous metals and commodities and has a presence in India.

The target entity has reported strong turnover growth over the last three financial years, as detailed below:

The turnover figures reflect substantial growth in Jain Resource Recycling's business operations since its incorporation, with FY 2024-25 turnover of Rs. 7125.77 Cr. representing a significant increase compared to Rs. 1927.01 Cr. reported in FY 2022-23.

Regulatory Compliance

The disclosure was made in accordance with Regulation 30 of the SEBI Listing Regulations, read with Para A of Part A of Schedule III. International Conveyors, headquartered at 10, Middleton Row, Kolkata, filed the requisite annexure with both the National Stock Exchange of India Ltd and BSE Ltd, requesting the exchanges to take the disclosure on record.