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IFGL Refractories Ltd is a manufacturer of Specialized refractories and requisite operating systems for Iron and Steel Industry.
ICRA has reaffirmed IFGL Refractories' credit ratings for its various facilities totaling Rs 273.00 Cr. Long-term instruments are rated [ICRA]AA- with a Stable outlook, while short-term instruments receive an [ICRA]A1+ rating. This reaffirmation by ICRA signals consistent credit quality for the company.
IFGL Refractories' Q1 FY27 consolidated revenue grew 13% YoY to INR 515 Cr, with PAT up 58% YoY to INR 17 Cr. Consolidated EBITDA rose 2% to INR 40 Cr, despite higher raw material and fuel costs impacting standalone EBITDA (-17% YoY to INR 31 Cr). Management expects pricing actions...