IFB Agro Industries has released its Q3 consolidated financial results, presenting a mixed performance characterized by revenue growth and improved EBITDA alongside a notable decline in net profitability. The company's financial metrics reflect both operational improvements and profitability challenges faced during the quarter.

Comprehensive Financial Performance

The company's Q3 consolidated results demonstrate contrasting trends across different financial parameters, with operational efficiency showing improvement while bottom-line profitability faced pressure.

Operational Efficiency Improvements

IFB Agro Industries demonstrated improved operational performance with EBITDA rising to ₹182 million compared to ₹160 million in the corresponding quarter of the previous year, marking a growth of 13.8%. The company's EBITDA margin also showed improvement, expanding to 3.87% from 3.80% year-on-year, indicating better operational efficiency and cost management.

The revenue performance remained robust with consolidated revenue reaching ₹4.70 billion, representing an increase of ₹500 million or 11.9% compared to ₹4.20 billion in the same quarter of the previous year. This revenue growth demonstrates the company's ability to expand its business operations and market reach.

Profitability Challenges Persist

Despite operational improvements, the company's consolidated net profit declined substantially to ₹73 million from ₹113 million year-on-year, marking a decrease of ₹40 million or 35.4%. This significant profit decline suggests that while the company improved its operational efficiency, other factors such as higher depreciation, interest costs, or tax expenses may have impacted the bottom line.

Performance Analysis

The financial results present a nuanced picture where IFB Agro Industries achieved both revenue growth and EBITDA improvement, yet faced challenges at the net profit level. The positive EBITDA growth of 13.8% coupled with margin expansion indicates effective operational management, while the substantial decline in net profit highlights the impact of below-EBITDA expenses on overall profitability during the quarter.

IFB Industries Limited has announced the resignation of its Cost Auditor M/s. Shome & Banerjee through a regulatory disclosure filed under SEBI Regulation 30. The announcement was made on January 24, 2026, informing both BSE Limited and The National Stock Exchange of India about this significant corporate development.

Cost Auditor Resignation Details

M/s. Shome & Banerjee, Cost Accountants with Firm Registration Number 000001, submitted their resignation letter dated January 23, 2025. The firm cited unavoidable circumstances at their end as the reason for their inability to continue as Cost Auditors of IFB Industries Limited for the financial year ending March 31, 2026.

Regulatory Compliance

The disclosure was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. IFB Industries provided comprehensive information as required under Schedule III of Listing Regulations and SEBI Master Circular bearing Reference Number SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Formal Documentation

The resignation letter was signed by Partha Sarathi Guin, Partner at Shome & Banerjee Cost Accountants. In their communication to IFB Industries, the firm expressed regret for the inconvenience caused and thanked the company for the opportunity to be associated with the organization. They requested formal acceptance of their resignation as Cost Auditor for the financial year ending March 31, 2026.

Company Response

Ritesh Agarwal, Company Secretary of IFB Industries Limited, signed the regulatory filing on January 24, 2026. The company has fulfilled its disclosure obligations by providing detailed annexures and supporting documentation as required by SEBI regulations. The filing ensures transparency and keeps stakeholders informed about this important corporate governance matter.