ION Exchange (India) Limited — Investor Meet, 05-06-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Ion Exchange posted Q4 operating income of ₹834.6 Cr, up 7% YoY, but EBITDA fell 7% to ₹85.8 Cr (10.3% margin) and PAT dropped 13% to ₹63.2 Cr. FY25 revenue rose 17% to ₹2,737.1 Cr, EBITDA +8% to ₹293.9 Cr (10.7% margin), PAT +7% at ₹283 Cr. Engineering revenue grew 5% to ₹555.3 Cr; order book at ₹2,762 Cr with slow UP Jal Nigam execution. Chemical revenue rose 12% to ₹222.8 Cr; Roha resin plant to start by Q2 FY26. Consumer revenue improved 7% but EBIT losses widened. Order inflows were soft, with focus on quality bookings. Management expects margin gains from selective orders, execution, and export growth, remaining cautiously optimistic.