ION Exchange (India) Limited — Q2FY27 earnings call summary

Filed 12 November 2026 · Official transcript

Consumer Products Q2 revenue INR 1,005 mn (+30% y-y), EBIT loss INR 41 mn; scaling operations with break-even expected this fiscal
Treatment Solutions Q2 revenue INR 1,498 mn (-49% y-y), EBIT loss INR 1,215 mn; legacy project cost overruns impacted results
Roha plant backward integration commissioning expected by year-end; input cost pressures from West Asia crisis easing
Q2 FY27 consolidated operating income INR 6,747 mn (-8% y-y); EBITDA loss INR 848 mn; net loss INR 828 mn
H1 FY27 operating income INR 13,752 mn (+4% y-y); EBITDA loss INR 530 mn; net loss INR 797 mn
Order book INR 29,690 mn; bid pipeline INR 93,700 mn; Hyundai international contract USD 52.83 mn with better margin profile
Industrial Products Q2 revenue INR 1,360 mn (+35% y-y), EBIT INR 86 mn; growth momentum expected to continue
Management expects Treatment Solutions margins to normalize to higher single digits in H2 FY27 with revenue recovery