ION Exchange (India) Limited — Investor Meet, 12-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Ion Exchange reported Q2 FY26 operating income up 14% YoY to ₹733.9 Cr, but PAT was slightly down at ₹49.9 Cr. Engineering revenue rose 16% to ₹456.2 Cr, yet EBIT declined 5% due to legacy projects and infrastructure costs. Order book stands at ₹2,711 Cr. Management expects H2 engineering margins to improve to 6-7% as new projects get executed. Chemicals grew 11% to ₹218.4 Cr, with its Roha plant commencing commissioning. Consumer Products saw 24% growth to ₹85.8 Cr, reducing losses. A strategic membrane manufacturing partnership with MANN+HUMMEL in India was also announced.