Indag Rubber Limited announced its unaudited standalone financial results for the quarter ended June 30, 2026 (Q1 FY2027). The company reported significant year-on-year growth across all key financial metrics.

Financial Performance (Standalone Basis, including other income)

  • Total Revenue: ₹60.45 crores in Q1 FY27, compared to ₹47.96 crores in Q1 FY26, representing 26% year-on-year growth.
  • EBITDA: ₹8.20 crores in Q1 FY27, compared to ₹3.95 crores in Q1 FY26, representing 108% year-on-year growth.
  • EBITDA Margin: 13.6% in Q1 FY27, compared to 8.2% in Q1 FY26, an expansion of 533 basis points.
  • Profit After Tax (PAT): ₹5.07 crores in Q1 FY27, compared to ₹1.84 crores in Q1 FY26, representing 176% year-on-year growth.
  • PAT Margin: 8.4% in Q1 FY27, compared to 3.8% in Q1 FY26, an expansion of 456 basis points.

Management Commentary

Mr. Vijay Shrinivas, CEO & Whole Time Director, attributed the strong performance to disciplined execution of product mix, channel mix, and pricing management. He noted that the company faced increased input costs due to the 2026 West Asia escalation, with natural rubber and PBR reaching multi-year highs during the quarter. The company is managing this through raw-material monitoring, calibrated price pass-through, and supplier and geography diversification.

Business Operations and Value Proposition

The company continues to serve performance-seeking customers through its Indag-branded product portfolio, engaging franchisee partners through structured technical training, on-ground audits, and faster information flow on raw-material trends.

The retreading industry's value proposition was highlighted:

  • Economically: A retreaded tyre saves up to ~70% of new tyre cost and reduces cost-per-kilometre to nearly a third, benefiting fragmented fleet owners and operators in India.
  • Environmentally: A retreaded tyre saves 57 liters of oil, 44kg of rubber, and results in ~136 kg of lower CO₂ emissions compared to a new tyre.

Subsidiary Update

The company's subsidiary, Millenium Manufacturing Systems, an EMS provider in the power-electronics segment for the global green energy transition, continued to build on its FY26 foundation and commenced commercial production and dispatches during Q1 FY27.

Company Background

Indag Rubber Limited, founded by the Khemka Group in the early 1980s, pioneered the introduction of Cold Retreading Technology in India. The company has a state-of-the-art manufacturing unit at Nalagarh Industrial Estate in Himachal Pradesh with an annual capacity to manufacture 20,000 tons of Precured Tread Rubber (PTR) along with allied items.