Financial Performance Highlights (Standalone)
- Revenue: ₹1529.09 crore in Q1 FY26-27 vs ₹1310.82 crore in Q1 FY25-26, growth of 17%
- PBDIT: ₹88.46 crore vs ₹69.95 crore, growth of 26.46%
- PBDIT Margin: 5.79% vs 5.34%, improvement of 45 bps
- PBT: ₹51.54 crore vs ₹33.93 crore, growth of 52%
- PAT: ₹38.06 crore vs ₹25.36 crore, growth of 50%
- PAT Margin: 2.49% vs 1.93%, improvement of 55 bps
- ROCE: 17.32% (annualized) vs 14.04%, improvement of 328 bps
- EPS: ₹9.39 (not annualized) vs ₹6.26, growth of 50%
Key Operational Metrics (Standalone)
- Receivables: ₹343 crore, increased 9.8% YoY
- Inventories: ₹688 crore, increased 11.7% YoY
- Accounts Payable: ₹1029 crore, increased 22.2% YoY
- Borrowings: ₹10 crore, decreased 46.5% YoY
- Operating Cash Flow: ₹151 crore, increased 37.4% YoY
- RONW: 16.55% (annualized), improved 343 bps YoY
Debt Position and Cash Flow
- Total Debt: ₹10.49 crore as of 30th June 2026 (term loans only)
- Cash & Cash Equivalents: ₹409.24 crore (including mutual fund investments)
- Net Cash Position: ₹398.75 crore
- Debt Repayment Schedule:
- ICICI Bank loan (Stamping Division): ₹5.25 crore, to be paid off by February 2027
- Federal Bank loan (Steel Division): ₹5.24 crore, to be paid off by October 2028
- Working Capital Facilities: Zero fund-based utilization across all divisions
Divisional Performance
Home Appliances Division (HAD)
- Revenue Growth: 18% YoY
- PBDIT Growth: 31.04% YoY
- Market Performance:
- Front Load Washing Machines: Market grew 8%, IFB maintained market share
- Top Load Washing Machines: Market grew 11%, IFB grew 20%
- Air Conditioners: Industry grew 10%, IFB grew 6%
- Microwave Ovens: Market flat, IFB grew 17% (retained No. 2 position)
- Dishwashers: Industry grew 15%, IFB grew 24% (achieved 24% market share)
- Refrigerators: IFB grew 14%
Strategic Initiatives - HAD
- Portfolio optimization: Reduced Front Load SKUs from 58 to 25, Top Load SKUs from 37 to 24
- New product launches: 13kg washer in December 2026, 14kg washer by March 2027
- Premiumization strategy: Focus on 2-in-1 Washer Refresher, AiDOS technology, LaundriMagic platform
- AC portfolio upgrade: New range capable of 60°C ambient temperature (vs current 55°C), 6-10% price increase
- Retail expansion: Strengthening Modern Trade partnerships, IFB Points, and e-commerce presence
Engineering Division
- Revenue: ₹258.16 crore vs ₹220.01 crore, growth of 17.34%
- PBDIT: ₹39.06 crore vs ₹33.23 crore, growth of 17.54%
- PBT: ₹31.11 crore vs ₹26.37 crore, growth of 17.97%
- Order Bookings: ₹31 crore in Q1 FY27 (54% EV-negative parts, 46% EV-neutral modules)
- Pipeline: ₹300 crore RFQs, with ₹69 crore in advanced stages
- Sub-division Performance:
- Fine Blanking: ₹213.78 crore revenue, 21.46% growth
- Stamping: ₹27.53 crore revenue, 0.36% growth
- After Market: ₹16.85 crore revenue, 1.66% growth (faced material availability issues due to BIS restrictions)
Future Plans - Engineering Division
- Investment targets: EV segment (₹150 crore), Brake disc (₹60 crore)
- Capacity expansion: Bangalore Stamping expansion, new stamping facility in Gujarat
- M&A strategy: Evaluated 65 companies, no suitable target identified yet
- Advanced Electronic Division: Ramping up production to full capacity by end of Q2 FY27
Steel Division
- Revenue: ₹51.00 crore vs ₹48.82 crore, marginal growth
- PBDIT: ₹0.65 crore vs ₹1.78 crore, decline due to lower production and increased raw material costs
- PBT: ₹-0.66 crore vs ₹0.41 crore
- Outlook: Annealing Furnace commissioned in May 2026 stabilizing, expected to support higher volumes
Motor Division
- BLDC Motors: Shipped over 480,000 units total, 100,000+ in Q1 FY27, target of 450,000+ for full FY27
- Market Expansion: Cleared trials with 4 OEMs for air cooler and chimney applications
- Automotive Motors: Revenue ₹21.60 crore (9% growth), PBDIT ₹-1.34 crore
- Strategic Focus: 5% input cost reduction through VA/VE, alternate suppliers, reduced rejection rates
Subsidiary Performance
Global Automotive & Appliances Pte. Limited (GAAL)
- Revenue: ₹39.13 crore vs ₹20.55 crore, growth of 90%
- PBDIT: ₹4.01 crore vs ₹1.83 crore, growth of 119%
- PBDIT Margin: 10.25% vs 8.91%
- Investment: CHF 20,000 in Schmid Automotive & Appliances GmbH (December 2025)
Thai Automotive & Appliances Limited (TAAL)
- Revenue: ₹22.45 crore vs ₹17.25 crore, growth of 30%
- PBDIT: ₹1.89 crore vs ₹0.92 crore
- PBDIT Margin: 8.42% vs 5.33%
- PBT: ₹1.10 crore vs ₹0.29 crore
IFB Refrigeration Limited (41.40% owned)
- Sales Volume: 116,240 units vs 118,161 units (-2%)
- Revenue: ₹141.9 crore vs ₹139.4 crore (+2%)
- PBDIT: ₹12.5 crore vs ₹8.8 crore
- Market Coverage: Increased from 83% to 87% with Frost Free 331 Litre model launch
Balance Sheet Highlights (Standalone)
- Fixed Assets: ₹709.82 crore (+₹26.72 crore)
- Inventories: ₹688.36 crore (+₹57.69 crore)
- Trade Receivables: ₹343.38 crore
- Trade Payables: ₹1,028.88 crore (+₹66.29 crore)
- Net Worth: ₹920 crore
- Current Ratio: 1.28
- Market Capitalization: ₹5,218 crore
Consolidated Financials
- Revenue: ₹1,590.51 crore vs ₹1,348.27 crore
- PBDIT: ₹94.95 crore vs ₹71.70 crore
- PAT: ₹43.05 crore vs ₹26.16 crore
- EPS: ₹10.62 (not annualized) vs ₹6.46
- Fixed Assets: ₹741.57 crore
- Cash & Equivalents: ₹435.50 crore
Investor Conference Call
Scheduled for 14th August, 2026 at 04:00 P.M. IST to discuss unaudited financial results for Q1 FY26-27.