- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
IFGL Refractories reported robust Q3 consolidated revenue growth of 23% to ₹471 Cr, with nine-month revenue up 16% to ₹1,418 Cr. Standalone revenue grew 16% to ₹272 Cr, primarily fueled by strong domestic demand from steel plants, contributing 78% to standalone revenue. International operations also saw double-digit growth, including 37% in the US and 39% in Europe. Gross and EBITDA margins were impacted by product mix and elevated employee costs.
To counter margin pressure, the company is implementing cost optimization and strengthening global business development. New projects like the Khurda greenfield (Dolomite Bricks) are progressing for long-term capability enhancement, expected operational by FY28, though the Marvel JV faces regulatory delays.
Consolidated EBITDA for Q3 rose 27% to ₹25 Cr, while nine-month EBITDA was ₹104 Cr. Management remains focused on disciplined growth, leveraging India's steel sector, which is projected to grow approximately 9% annually through 2026, and expanding internationally.