ION Exchange (India) Limited — PPTs, 24-01-2025: Investor Presentation

**Financial Highlights:** Ion Exchange (India) Ltd reported a 24.7% year-over-year increase in consolidated operating income to INR 6,905 Mn for Q3 FY25, alongside an operating EBITDA of INR 754 Mn and margins of 10.92%. For the nine-month period, operating income was INR 19,026 Mn, reflecting a 21.5% growth compared to the previous year. Net profit for Q3 reached INR 496 Mn, translating to a margin of 7.18%, while YTD PAT was INR 1,450 Mn with an 18% growth.

**Strategic Initiatives and Growth Drivers:** The company continues to strengthen its position in the engineering segment, particularly through enhanced execution of large EPC contracts. The chemicals segment shows improvements in turnover and margins, while consistent growth in consumer products is driven by increased market acceptance.

**Business Developments:** Ion Exchange boasts a total order book of approximately INR 3,405 Cr, including a strong domestic inquiry bank and a bid pipeline of around INR 8,648 Cr. Despite modest order flow in the recent quarter, the backlog reflects future revenue potential.

**Market Position and Competitive Advantage:** The company is well-diversified with a strong footprint across numerous sectors, catering to notable clients including NTPC and Tata Group, which amplifies its competitive stance in water and wastewater treatment solutions.

**Investor Implications:** A favorable outlook for Ion Exchange is supported by its solid revenue growth, strategic expansions, and ongoing demand for environmental solutions, positioning it well for potential upside in future quarters. The stock remains a point of interest for investors eyeing growth in sustainable industries.