Standalone Financial Results (₹ in lakhs)
Revenue Performance:
- Revenue from Operations: ₹29,658 (Q1 FY27) vs ₹27,547 (Q1 FY26) - 7.7% increase
- Other Income: ₹214 (Q1 FY27) vs ₹277 (Q1 FY26)
- Total Income: ₹29,872 (Q1 FY27) vs ₹27,824 (Q1 FY26)
Expense Breakdown:
- Cost of Raw Materials and Components Consumed: ₹17,168 (Q1 FY27) vs ₹13,973 (Q1 FY26)
- Employee Benefit Expenses: ₹2,870 (Q1 FY27) vs ₹2,802 (Q1 FY26)
- Finance Costs: ₹223 (Q1 FY27) vs ₹390 (Q1 FY26)
- Depreciation and Amortisation: ₹810 (Q1 FY27) vs ₹1,424 (Q1 FY26)
- Other Expenses: ₹6,834 (Q1 FY27) vs ₹6,421 (Q1 FY26)
- Total Expenses: ₹27,770 (Q1 FY27) vs ₹25,871 (Q1 FY26)
Profitability:
- Profit before Exceptional Item and Tax: ₹2,102 (Q1 FY27) vs ₹1,953 (Q1 FY26)
- Exceptional Item: Nil (Q1 FY27) vs Nil (Q1 FY26)
- Profit before Tax: ₹2,102 (Q1 FY27) vs ₹1,953 (Q1 FY26)
- Tax Expense: ₹524 (₹501 current tax + ₹23 deferred tax) (Q1 FY27) vs ₹479 (₹604 current tax - ₹125 deferred tax) (Q1 FY26)
- Profit for the period: ₹1,578 (Q1 FY27) vs ₹1,474 (Q1 FY26) - 7.1% increase
Capital Structure:
- Paid up Equity Share Capital: ₹7,208 lakhs (face value ₹10 each)
- Earnings Per Share (Basic & Diluted): ₹2.19 (Q1 FY27) vs ₹1.02 (Q1 FY26)
Consolidated Financial Results (₹ in lakhs)
Revenue Performance:
- Revenue from Operations: ₹51,237 (Q1 FY27) vs ₹45,401 (Q1 FY26) - 12.9% increase
- Other Income: ₹271 (Q1 FY27) vs ₹300 (Q1 FY26)
- Total Income: ₹51,508 (Q1 FY27) vs ₹45,701 (Q1 FY26)
Expense Breakdown:
- Cost of Raw Materials and Components Consumed: ₹26,962 (Q1 FY27) vs ₹21,363 (Q1 FY26)
- Employee Benefit Expenses: ₹8,448 (Q1 FY27) vs ₹7,653 (Q1 FY26)
- Finance Costs: ₹293 (Q1 FY27) vs ₹463 (Q1 FY26)
- Depreciation and Amortisation: ₹1,364 (Q1 FY27) vs ₹1,920 (Q1 FY26)
- Other Expenses: ₹12,072 (Q1 FY27) vs ₹10,407 (Q1 FY26)
- Total Expenses: ₹49,194 (Q1 FY27) vs ₹44,184 (Q1 FY26)
Profitability:
- Profit before Exceptional Item and Tax: ₹2,314 (Q1 FY27) vs ₹1,517 (Q1 FY26)
- Exceptional Item: Nil (Q1 FY27) vs Nil (Q1 FY26)
- Profit before Tax: ₹2,314 (Q1 FY27) vs ₹1,517 (Q1 FY26)
- Tax Expense: ₹608 (₹763 current tax - ₹155 deferred tax) (Q1 FY27) vs ₹436 (₹715 current tax - ₹279 deferred tax) (Q1 FY26)
- Profit for the period attributable to Equity holders: ₹1,706 (Q1 FY27) vs ₹1,081 (Q1 FY26) - 57.8% increase
Capital Structure:
- Paid up Equity Share Capital: ₹7,208 lakhs (face value ₹10 each)
- Earnings Per Share (Basic & Diluted): ₹2.37 (Q1 FY27) vs ₹1.50 (Q1 FY26)
Segment-wise Performance (Consolidated)
Geographical Revenue (₹ in lakhs):
- India: ₹29,285 (Q1 FY27) vs ₹27,270 (Q1 FY26)
- Asia excluding India: ₹644 (Q1 FY27) vs ₹653 (Q1 FY26)
- Europe: ₹11,093 (Q1 FY27) vs ₹9,765 (Q1 FY26)
- America: ₹10,215 (Q1 FY27) vs ₹7,713 (Q1 FY26)
Segment Results (Profit before Tax, Finance Costs and Exceptional Item):
- India: ₹2,324 (Q1 FY27) vs ₹2,345 (Q1 FY26)
- Asia excluding India: ₹23 (Q1 FY27) vs ₹4 (Q1 FY26)
- Europe: (₹709) (Q1 FY27) vs (₹869) (Q1 FY26)
- America: ₹1,084 (Q1 FY27) vs ₹604 (Q1 FY26)
Tax Litigation Matters
Goodwill Depreciation Dispute:
- Assessment Year 2020-21: ₹2,816 lakhs claim disallowed (tax impact ₹984 lakhs)
- Assessment Years 2018-19 & 2019-20: Reopened assessments for ₹5,006 lakhs (tax impact ₹1,732 lakhs) and ₹3,755 lakhs (tax impact ₹1,312 lakhs) respectively
- Writ petition filed before Hon'ble High Court on May 21, 2024
- Considered as contingent liability
Section 10AA Explanation Challenge:
- Tax amount involved: ₹832 lakhs as at June 30, 2026
- Writ petition dismissed by Single Bench of Calcutta High Court
- Appeal admitted by Division Bench on January 10, 2024
- Considered as possible liability based on legal opinion
- Management believes outcome will not materially impact financial position
Corporate Actions and Subsequent Events
Bonus Issue:
- Issued 3,60,39,312 equity shares of ₹10 each as Bonus Shares in 1:1 ratio
- Record date: July 18, 2025
- Shareholder approval via special resolution on July 5, 2025
- EPS figures adjusted for all periods presented
New Subsidiary:
- Incorporated IFGL Monocon Saudi Company Ltd. (wholly-owned subsidiary) in Kingdom of Saudi Arabia on July 11, 2026
Joint Venture Update:
- Government of India closed application for proposed JV with Marvels Group at Bhachau, Gujarat location
- Company may submit fresh application with alternative location
Subsidiary Liquidation:
- Hofmann Ceramic CZ s.r.o. (Czech Republic step-down subsidiary) completed voluntary liquidation effective July 1, 2026
Subsidiary Information
The consolidated results include 17 subsidiaries (including step-down subsidiaries) with operations across India, Asia, Europe, and America. Seven subsidiaries were reviewed by their respective auditors, while seven subsidiaries provided unaudited results considered not material to the Group.