IFB Industries Ltd has reported mixed financial results for the December quarter of FY26, with revenue growth offset by a decline in profitability. The Kolkata-based company, formerly known as Indian Fine Blank Ltd, posted a consolidated net profit of ₹23.94 crore, representing a 23% decrease from the previous year's corresponding quarter.

Financial Performance Overview

The company's financial performance for Q3 FY26 presents a contrasting picture of revenue growth alongside reduced profitability:

While revenue from operations grew by 11.26% to ₹1,412.54 crore, total expenses increased at a faster pace of 12% to ₹1,372.50 crore, contributing to the profit margin compression.

Segment-wise Performance Analysis

IFB Industries demonstrated strong performance across all its business segments during the quarter:

The Home Appliances division, being the largest revenue contributor, generated ₹1,117.71 crore with a growth rate of 9.81%. The Engineering segment showed robust expansion with 17.35% growth to ₹258.55 crore, while the Motor segment achieved the highest growth rate of 22.55%, reaching ₹18.69 crore.

Business Operations

IFB Industries operates through multiple associate companies and divisions, maintaining a diversified business portfolio. The company's operations span across Home Appliances, Fine Blanking & Motor, IFB Automotive, and IFB Agro & Travel Systems divisions. This diversified approach has enabled the company to achieve growth across all segments despite challenging market conditions.

The company's total income, which includes other income alongside operational revenue, increased by 11.47% to ₹1,419.73 crore, indicating improved overall financial performance beyond core operations.

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.