Ion Exchange (India) Limited has announced a significant business milestone with the confirmation of new contracts valued at ₹205.00 crores (₹2.05 billion). This substantial contract win represents a major addition to the company's order book and demonstrates its continued strength in securing high-value business opportunities in the water treatment and environmental solutions sector.

Contract Overview

The company has successfully secured these contracts, which are expected to significantly contribute to its revenue pipeline and strengthen its business prospects. The confirmed contract value of ₹205.00 crores underscores the scale and strategic importance of these new business acquisitions for Ion Exchange.

Strategic Significance

This contract acquisition marks a significant achievement for Ion Exchange, substantially enhancing the company's order book value. The contracts are positioned to be executed over upcoming periods, contributing meaningfully to the company's operational activities and financial performance trajectory. For a company specializing in water and environment management solutions, such substantial contract wins are essential for maintaining robust business momentum and sustainable revenue generation.

Market Position

Ion Exchange operates as a key player in the water and environment management solutions sector, classified under Infrastructure Developers & Operators. The company's success in securing contracts of this magnitude demonstrates its strong competitive positioning, technical expertise, and established market credibility. These contract wins reflect Ion Exchange's continued market leadership and its proven ability to attract and execute large-scale business opportunities in the specialized water treatment industry.

The confirmation of these contracts worth ₹205.00 crores represents a highly positive development for Ion Exchange, significantly strengthening its business outlook and adding substantial value to its project execution pipeline for the forthcoming periods.

Ion Exchange (India) Limited , a leading player in the water and environment management sector, has reported a 14% year-on-year increase in operating income for Q2, reaching INR 7,339 million. The company's performance was marked by growth across segments, strategic expansions, and technological advancements.

Financial Highlights

For the first half of the fiscal year, Ion Exchange reported:

• Operating income of INR 13,171.00 million, up 9% year-on-year
• Net profit of INR 984.00 million, a 3% increase
• EBITDA of INR 1,310.00 million, down 1% year-on-year
• EBITDA margin of 9.95%

Segment Performance

Engineering Division

• Revenue: INR 4,562.00 million (+16% YoY)
• Segment EBIT: INR 224.00 million (-5% YoY)
• Secured orders in ultra-pure and high-purity water projects for solar and pharmaceutical segments
• Strong growth in services division with high-value long-term O&M contracts

Chemical Segment

• Revenue: INR 2,184.00 million (+11% YoY)
• EBIT: INR 591.00 million (+13% YoY)
• Maintained margin profile with consistent operational performance

Consumer Products Division

• Revenue: INR 858.00 million (+24% YoY)
• Reduced loss to INR 27.00 million from INR 35.00 million in the same period last year
• Maintained leadership in the softener segment and expanded market share in other segments

Strategic Developments

1. Roha Plant Commissioning: Ion Exchange commenced stage-wise commissioning of its greenfield manufacturing plant at Roha, Maharashtra in September. The total CAPEX for this project is approximately INR 450.00 crores.

2. Strategic Partnership: The company entered a partnership with MANN+HUMMEL Water Membrane Solutions for manufacturing advanced membranes in India. This collaboration aims to reduce import dependence and enhance cost efficiency in water treatment projects across India.

3. Order Book: The current order book stands at INR 27,110.00 million, with an order inflow of INR 4,700.00 million during the quarter.

Management Commentary

Indraneel Dutt, Managing Director and CEO, commented on the results: "Our engineering division saw improved execution this quarter, with a 16% growth in revenue. While margins were impacted by elevated infrastructure costs and legacy projects, we are focusing on higher-margin products and services to improve profitability."

Regarding the Roha plant, Dutt added, "We plan to gradually ramp up the commissioned capacity to reach the proposed levels by the end of the current financial year. We expect to reach a capacity utilization of around 25% in the first 12 months of production."

Future Outlook

Ion Exchange remains optimistic about its growth prospects, particularly in the chemical segment and consumer products division. The company's strategic investments in advanced technologies and manufacturing capabilities are expected to strengthen its market position and drive future growth.

The management expects the engineering segment's performance to improve in the coming quarters as new, higher-margin projects begin execution. The company continues to focus on expanding its presence in technology-intensive areas such as ultra-pure water, high-purity water, desalination, and wastewater treatment.

As Ion Exchange progresses with the commissioning of its Roha plant and leverages its new strategic partnerships, it aims to capitalize on the growing demand for water and wastewater treatment solutions both domestically and internationally.