IFGL Refractories Limited — PPTs, 10-11-2025: Investor Presentation

IFGL Refractories delivered strong Q2FY26 consolidated revenue growth of 18% to ₹491 Cr, with EBITDA up 10% to ₹40 Cr and PAT rising 5% to ₹13 Cr. For the first half of FY26, consolidated revenue grew 13% to ₹948 Cr, though EBITDA and PAT saw declines due to raw material costs and initial expenses from new plant operations. Standalone results showed robust domestic growth of 27% in Q2, contributing 78% of H1 revenue, driven by a strategic shift towards the Indian market.

The company is strategically expanding with two new greenfield projects: a ₹300-350 Cr dolomite brick plant in Khurdha (FY28) and a ₹300 Cr basic brick joint venture in Gujarat (FY29), aiming for future efficiencies. Management highlights the expanding Indian steel sector and recovering global demand, with European operations showing recovery and U.S. business up 25%. India's steel demand is forecast for robust 9% growth in 2025-26, a key tailwind. The company recently issued 1:1 bonus shares to shareholders. Management is confident in sustaining growth through strategic initiatives and diversified presence.