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Q2 FY 2026 - 2027 30 th September 2026
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Particulars Q2 FY 26 - 27 Q2 FY 25 - 26 Growth % Revenue 1512.54 1326.61 14.02% PBDIT 90.92 102.50 - 11.30% PBDIT % on revenue 6.01 7.73 PBT 53.86 68.32 - 21.17% PBT % on revenue 3.56 5.15 PAT 39.56 49.75 - 20.48% PAT % on revenue 2.62 3.75 ROCE %~ 17.55 24.73 Q2 FY 2027 2 Industries Limited | Investor Presentation Q2 – FY – 26 - 27 ~ ROCE is on Annualised Basis ₹ in Crore Performance Overview Revenue growth for the quarter stood at 14 % . Among the divisions HAD & Engineering recorded revenue growth of 11 % and 24 % respectively during the quarter . High material cost impacted PBDIT . PBDIT for the quarter stood at ₹ 90 . 92 crores as against ₹ 102 . 50 crores in the corresponding period previous year, which recorded a de - growth of 11 . 30 % . PBDIT margin reduced to 6 . 01 % from 7 . 73 % . PBT decreased by 21 % and is at ₹ 53 . 86 crores in Q - 2 . PAT recorded a degrowth of 20 % and is at ₹ 39 . 56 crores . Performance Report
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YTD FY 2027 3 Performance Overview Revenue growth for the YTD period stood at 15 . 33 % . PBDIT growth for the YTD period stood at 4 % . Like Q - 2 , margin of YTD period also was impacted by increase in commodity price & adverse forex movement . PBT increased by 3 % to reach ₹ 105 . 40 crores in YTD period & PAT recorded a growth of 3 % . ROCE for the YTD period reduced to 17 . 21 % as compared to last year’s 19 . 09 % . Industries Limited | Investor Presentation Q2 – FY – 26 - 27 ₹ in Crore Particulars FY 26 - 27 FY 25 - 26 Growth % Revenue 3041.63 2637.43 15.33% PBDIT 179.38 172.45 4.02% PBDIT % on revenue 5.90 6.54 PBT 105.40 102.25 3.08% PBT % on revenue 3.47 3.88 PAT 77.62 75.11 3.34% PAT % on revenue 2.55 2.85 ROCE % ~ 17.21 19.09 ~ ROCE is on Annualised Basis Performance Report
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Financial Trend Q2 4 Industries Limited | Investor Presentation Q2 – FY – 26 - 27
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Financial Trend YTD 5 Industries Limited | Investor Presentation Q2 – FY – 26 - 27
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Parameters of Q2 FY 2027 6 Total Revenue ₹ 1513 Crore (+) 14.02% Revenue from Operations ₹ 1505 Crore (+) 14.04 % PBDIT ₹ 90.92 Crore ( - ) 11.30% PBDIT Margin % 6.01% ( - ) 172 bps Net Profit Margin % 2.62% ( - ) 113 bps EPS ₹ 9.77 ( - ) 20.37% Receivable ₹ 401 Crore ( - ) 6.27% Inventories ₹ 777 Crore (+) 12.15% Accounts Payable ₹ 1080 Crore (+) 6.70% Borrowings ₹ 8 Crore ( - ) 52.51% Operating Cash Flow ₹ - 40.13 Crore ( - ) 181.66% Growth / de-growth has been calculated in comparison with the corresponding quarter / period of the last year. ~Annualised Industries Limited | Investor Presentation Q2 – FY – 26 - 27 RONW % ~ 16.50 % ( - ) 768 bps
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Parameters of YTD FY 2027 7 Total Revenue ₹ 3042 Crore (+) 15.33% Revenue from Operations ₹ 3029 Crore (+) 15.56% PBDIT ₹ 179.38 Crore (+) 4.02% PBDIT Margin % 5.90% ( - ) 64 bps Net Profit Margin % 2.55 % ( - ) 30 bps EPS ₹ 19.16 (+) 3.40% Receivable ₹ 401 Crore ( - ) 6.27% Inventories ₹ 777 Crore (+) 12.15% Accounts Payable ₹ 1080 Crore (+) 6.70% Borrowings ₹ 8 Crore ( - ) 52.51% RONW % ~ 16.19 % ( - ) 206 bps Operating Cash Flow ₹ 108.60 Crore ( - ) 31.62% Growth / de-growth has been calculated in comparison with the corresponding quarter / period of the last year. ~Annualised Industries Limited | Investor Presentation Q2 – FY – 26 - 27
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Net Debt Zero 8 T otal long term borrowing was ₹ 8.22 crores as on quarter end date representing term loan amount. Break - up of term loan borrowings & its position as on 30 th September 2026 including projected value till 31 st March, 2028 are given below. Divisions Lenders Value as on Projected Value as on Projected Value as on Projected Value as on Remark 30 th Sep 26 31 st Mar 27 31 st Mar 28 31 st Mar 29 Stamping ICICI Bank 3.50 - - - To become zero by Feb 27 Steel Federal Bank 4.72 3.67 1.57 - To become zero by Oct 28 Total 8.22 3.67 1.57 - ₹ in Crore As at 30 th September 2026 , the Company’s long - term debt stood at ₹ 8 . 22 crores, which were pertaining to the Stamping and Steel Divisions . These loans are scheduled to be fully repaid by February 2027 and October 2028 , respectively . The Company has consciously decided against any prepayment of these loans in order to conserve cash for future strategic requirements . As at 30 th September 2026 , fund - based utilisation of working capital facilities across all divisions was zero . Against the aforesaid borrowings, the Company maintained cash and cash equivalents, including investments in mutual funds, amounting to ₹ 350 . 88 crores . After adjusting for the total debt of ₹ 8 . 22 crores, the Company’s net cash position stood at ₹ 342 . 66 crores . Industries Limited | Investor Presentation Q2 – FY – 26 - 27
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Home Appliances Division Business Updates Industries Limited | Investor Presentation Q2 – FY – 26 - 27 MARKET OVERVIEW The consumer durables market navigated a challenging quarter, with part of the festive demand this year shifting to November. At the same time, rising commodity costs and adverse forex movements are putting pressure on margins. However, the continued consumer preference for higher capacity products and feature rich models offers an opportunity to drive premiumisation , improve average selling prices and support profitable growth. Strategic Focus Areas Cost and Portfolio Optimisation : We continue to drive cost efficiencies to partially offset the commodity and forex impact. SKU rationalisation and portfolio optimisation has helped to reduce complexities and increase focus on identified key products. Premiumisation and Customer Experience: Leverage demand for feature rich appliances and superior ownership experiences to drive value growth and strengthen customer loyalty.
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Q2 Home Appliances Division Industries Limited | Investor Presentation Q2 – FY – 26 - 27 Products Range Washers In Q 2 FY 27 , the Front Load market continued its shift towards higher capacity washing machines, with the segment growing by approximately 40 % . IFB continues to strengthen its position in this segment through differentiated premium offerings including Smart and Auto Dosing technology and premium aesthetics . We will continue to build on this momentum with a strategic focus on higher capacities and innovation led technologies to drive premiumisation , improve realisation and strengthen competitive differentiation . The Top Load category is also witnessing a similar shift towards higher capacity washing machines . IFB is strengthening its proposition in this segment through premium features such as Steam, Inverter technology and Wi - Fi connectivity, offering consumers enhanced convenience and performance . Our strategy is to create a compelling value proposition that combines higher capacity, differentiated features and premium aesthetics to drive consumer preference and improve product mix . Air Conditioners The strategic focus in Q3 & Q4 will be to continue to accelerate premiumisation, increase placement / market penetration and grow the contribution of high end ACs including the hot - and - cold product. Microwave Ovens Market for the Microwave oven category has been declining. However, IFB continues to register value growth focusing on its Premium Air Fry Microwave portfolio. We are strengthening our presence in the premium solo segment with the launch of the 32L Solo Microwave. We will be upgrading our existing 20L and 24L Solo models with enhanced aesthetics to drive differentiation and to strengthen our competitive positioning.
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Home Appliances Division Industries Limited | Investor Presentation Q2 – FY – 26 - 27 Dishwashers IFB achieved 38% growth in value, driven by an improved product mix and increasing contribution from the premium 15 and 16 place setting models. Our strategic focus remains on premiumisation and strengthening our leadership in the high capacity segment, supported by continuous product innovation. We are introducing new features such as Magic Tray , Max Reach Nozzle , Turbo Zone , Hydro Boost , Interior LED Lighting and Easy Glide Rails, further enhancing product differentiation, consumer experience and our competitive positioning. Refrigerators Our focus remains on accelerating retail growth , driven by deeper penetration and improved productivity at key retail counters. We continue to increase the proportion of business from Frost Free and higher star rated Direct Cool models. We plan to further increase the contribution of Frost Free as a percentage of our business to strengthen our premium position. Industrial Solutions In Q2, Industrial Laundry grew 26% YoY, supported by successful platform migration across 11 kg, 15 kg and 30 kg models. The globally benchmarked 60 kg washer is under validation. Dishwashers grew 31% YoY driven by Thermo - label Conveyor deliveries and stronger engagement with consultants and distributors. Products Range
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Strengthening IFB’s fabric care leadership with India’s first 2 - in - 1 Washer Refresher proposition Industries Limited | Investor Presentation Q2 – FY – 26 - 27 Home Appliances Division Every IFB Front Load Washing Machine now offers consumers the flexibility to wash and refresh garments in a single appliance, extending fabric care beyond conventional washing & reinforcing its differentiated fabric care positioning. Having established the 2 - in - 1 Washer Refresher proposition in the previous quarter, our focus this quarter will be towards educating consumers about garment refreshing and its relevance in everyday fabric care. Built around the insight that not every garment needs washing after every wear, the proposition encourages consumers to refresh lightly worn clothes instead of subjecting them to repeated wash cycles, helping conserve water, detergent and fabric quality. The festive season presents a strong opportunity to bring this proposition to life. With a key visual showcasing festive garments being refreshed inside an IFB Front Load Washing Machine, our festive communication will center around “Refresh Your Festive Wear with IFB.” Washing Machine
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IFB continues to strengthen its position in the premium Top Load category with its new 11 – 12 Kg range, combining larger capacities with bold, minimalist aesthetics and a sleek, contemporary design. The premium Inverter range has gained traction within six months of its introduction, contributing 41% of Top Load sales. This reflects increasing consumer acceptance of IFB's premium offerings and reinforces the brand's strategy of driving growth through differentiated technology, contemporary design and a stronger premium product mix. The shift towards higher capacity washing machines continues to gain momentum, with the contribution of the above 8 Kg segment this year more than doubling as compared to the same time last year. This significant improvement highlights IFB's progress in strengthening its higher capacity portfolio. IFB aims to further strengthen its premium positioning by expanding the above 10 Kg portfolio and targeting Wi - Fi enablement across the range. This focus on larger capacities, intelligent connectivity and contemporary design will reinforce IFB's positioning in the evolving smart Top Load Washing Machine segment. Industries Limited | Investor Presentation Q2 – FY – 26 - 27 Accelerating growth through higher capacities, premium technology and expanded retail presence Home Appliances Division Washing Machine
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Home Appliances Division Air Conditioners Industries Limited | Investor Presentation Q2 – FY – 26 - 27 Q2 Driving H 2 growth through demand readiness, product differentiation and profitability enhancement 1 . Sales Performance & H 2 Outlook Q 2 initiatives focused on accelerating volume growth and capturing off - season demand . H 2 focus would be on sustaining the sales momentum, leveraging the seasonally stronger demand period for air conditioners . Early demand indicators point towards a potentially strong upcoming season . 2 . Product Differentiation & Premiumisation Enhanced RAC range designed to deliver both cooling & heating performance at ambient temperatures between 52 ° C and - 15 ° C, positioning IFB in the heavy duty all - weather segment . Introduction of 3 - Star, 4 - Star and 5 - Star variants, alongside advanced technologies such as AI Climate Control and Direct Voice Command . 3 . Channel Effectiveness & Execution Improve dealer stock availability and adherence to the planned product mix . Strengthen retail visibility and product demonstrations to improve consumer engagement and conversion . 4 . Profitable Growth & Operational Discipline Drive cost efficiencies to protect margins . Improve contribution through an improved product mix and increased focus on higher value categories .
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Home Appliances Division Microwave Ovens Industries Limited | Investor Presentation Q2 – FY – 26 - 27 The Microwave oven industry volumes declined by 10 % in Q 2 FY 27 . However, IFB achieved 4 % growth in value, driven by a strategic focus on improving the product mix and accelerating the shift towards premium, higher capacity models . IFB continues to strengthen its market share and maintained N o . 2 position . Our premiumisation strategy continues to gain momentum with the availability of 10 Air Fry Microwave SKUs in the market . Another 6 SKUs would be available by Q 3 . W ith this our entire Convection Microwave portfolio will be upgraded to Air Fry . Our Air Fry models lead in their respective capacity segments, reinforcing our all - in - one cooking proposition . To continue our drive towards premiumisation we have introduced the premium, high - capacity 32 ltr Solo model . Our lower capacity Solo models are also expected to be further strengthened with superior aesthetics .
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Home Appliances Division Dishwashers Industries Limited | Investor Presentation Q2 – FY – 26 - 27 IFB registered 21 % volume growth, marginally outperforming the market growth . Our strategic focus remains on accelerating premiumisation and strengthening market penetration in the high - capacity 15 – 16 place setting dishwasher segment . As the only brand in India offering 16 - place setting capacity, IFB continues to lead product innovation with new features such as Magic Tray , Max Reach Nozzle , Turbo Zone , Hydro Boost , Interior LED Lighting and Easy Glide Rails . These innovations deliver superior wash performance, enhanced convenience and a premium consumer experience . By expanding visibility across high potential retail counters, we aim to improve product mix, strengthen competitive positioning and drive value led growth in the premium segment .
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Home Appliances Division Built in Oven, Built in Dishwashers, Built in MWOs , Chimneys a nd Hobs Industries Limited | Investor Presentation Q2 – FY – 26 - 27 Q2 FY27 witnessed a marginal improvement over Q1. Our focus has been on strengthening retail visibility. Premiumisation also remains a key pillar of our growth strategy, with a focus on introducing technologically advanced, design led products that enhance consumer experience and drive higher value sales. Premium Chimney Portfolio: Introduced a new range of premium T - shaped BLDC chimneys, featuring powerful 1,800 m³/ hr suction capacity and an innovative 3D suction design. These products combine superior performance, energy efficient BLDC technology and contemporary aesthetics, strengthening our positioning in the premium kitchen appliances segment. Clean air and comfort every time you cook.
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Service 19 IFB Essentials delivered Q2 FY 2026 – 27 revenue of ₹ 60.54 Cr, with average monthly revenue of ₹ 20.18 Cr, achieving 93% of budget and registering 15% growth on YTD basis. E - Commerce and Quick Commerce contributed 20% of total Essentials revenue in Q2, reflecting the growing strategic importance of digital commerce channels and continued expansion of consumer access across India. Flipkart Minutes was activated across Mumbai, Bangalore and Hyderabad, further strengthening IFB Essentials' presence in rapid - delivery commerce. Marketplace growth initiatives focused on improving Amazon and Flipkart search visibility, platform advertising, A+ content and Brand Store optimisation, supporting product discoverability and customer conversion. Q3 priorities include scaling festive campaigns, expanding Quick Commerce coverage, strengthening ratings and reviews, and accelerating CRM - led customer acquisition and repeat purchases through personalised engagement and remarketing initiatives. In Q2 FY 2026 – 27, the focus remained on improving service execution through Service Ambassador capability building, First - Time Fix (FTF), faster installation turnaround, branch - level pendency management and critical spares availability. IFB's service network continues to cover 19,211 pin codes across 754 districts, representing approximately 99% geographical coverage. With an established network of 1,515 franchisees, the focus is shifting towards quality - led performance, technician productivity, franchisee governance and consistent customer experience. Home Appliances Division Industries Limited | Investor Presentation Q2 – FY – 26 - 27
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Commercial Appliances Laundry & Dishwashing Equipment We have embarked on a three - year Vision – “3 X 3” The objective is to reach a 3X Revenue Growth in three years. Industries Limited | Investor Presentation Q2 – FY – 26 - 27 India’s commercial dishwashing and laundry equipment market presents significant growth opportunities across the hospitality, healthcare, foodservice, and institutional sectors. The expected addition of more than 70,000 keys by branded hotel chains between FY26 and FY30 represents a substantial opportunity for IFB. Demand for commercial dishwashing solutions is being driven by the increasing focus on maintaining consistent hygiene standards, accelerating kitchen operations, and enhancing overall operational efficiency. Laundry: In Q2 FY27, Laundry Business have grown by 26% over Q2 FY26. Successful migration to new platform of Laundry in 11 Kg, 15Kg and 30Kg segment. 60Kg washer is now under validation and testing. The aesthetic and performance of these machines are better with microcontroller and technology is benchmarked with global players. This will help us in accessing Domestic and International market. Dishwasher: In Q2 FY 27, the business have grown by 31% over Q2 FY26. We have successfully supplied the Thermo - label Conveyor machines to our customers. Our business with Kitchen Consultants and Distributors have increased over LY. Strategies for Q3 FY27 Business Outlook • Apart from schools under the Department of Social Justice, we are also exploring opportunities within Maharashtra's government healthcare sector. Additionally, we are actively assessing potential opportunities with the Correctional Homes (Prisons) Department, Agricultural Colleges and Universities, and other government institutions to expand our presence in the government business channel. • Identified and trained sales team member for export markets. Product Roadmap - We are developing Premium Category Laundry Machines with advance features like Load Cells, Micro Controller, New Look Door etc., to position these products for Premium Hospitality Segment. • Developing special machine for UK Market in 130 Kg Washer and Dryer. • Developing Stack Machine, Finishing Equipment like Trouser Toppers, Form Finishers and Legger Topper Press. • We are also developing Heat Pump for Dryers which will save energy.
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Home Appliances Division Financial Summary Note : HAD financials include Industrial Bommasandra and appliance motor div figures. ₹ in Crore Industries Limited | Investor Presentation Q2 – FY – 26 - 27 Q2 ~ Annualised Performance Overview Revenue has grown by 10.7% in Q2 FY27, However commodity inflation , adverse forex movements and a partial shift in seasonal demand has resulted in a reduction in PBDIT. During the H1 period , material cost innovation of ₹ 71 Crores was offset by ₹ 92 Crores of commodity increase and ₹ 49 Crores of forex. Calibrated price increases were taken in select categories. ROCE has decreased at Q2 level as compared to LY due to dip in margin. YTD level position is also down as compared to last year due to this variation in Q2 period. Particulars FY 2026 - 27 FY 2025 - 26 FY 2026 - 27 FY 2025 - 26 Q2 Q2 YTD YTD Revenue 1,173.88 1,060.43 2,403.59 2,108.19 PBDIT 50.30 71.73 104.05 113.93 PBDIT % of revenue 4.28 6.76 4.33 5.40 PBT 23.08 41.54 48.83 51.65 PBT % of revenue 1 .97 3.92 2.03 2.45 ROCE ~ 1 2.82 24.73 1 3.52 17.20
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Q2 FY 2026 - 2027
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Particulars Q2 FY 26 - 27 Q2 FY 25 - 26 Growth % Revenue 284.48 229.26 24.09% PBDIT 43.73 35.23 24.10% PBT 35.26 28.31 24.52% Particulars YTD FY 26 - 27 YTD FY 25 - 26 Growth % Revenue 542.64 449.26 20.79% PBDIT 82.78 68.47 20.91% PBT 66.36 54.69 21.35% Q3 Engineering Division 23 Performance Report ₹ in Crore Growth Strategy ➢ Against the target of ₹ 500 Crores of new order booking during current FY 2026 - 27 , the division has achieved order bookings worth ₹ 220 Crores . ➢ As on 30 th Sep, 2026 , the division have Rs . 274 Cr of RFQs under discussions . ➢ The division is also planning to invest in the following areas during FY 26 - 27 and expects the annualized business revenues from them as under ❑ EV segment – ₹ 150 Crores ❑ Chain Manufacturing – ₹ 200 Crores ❑ Braking System – ₹ 60 Crores ➢ In addition, the division is looking to expand Bangalore Stamping and set up a new stamping facility in Gujarat ➢ M&A continues to remain a strategic imperative for the division and are being actively pursued . However, we have evaluated more than 72 companies, but till now no suitable target company has been shortlisted yet . Q2 Industries Limited | Investor Presentation Q2 – FY – 26 - 27
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24 ROCE TREND Engineering Division ROCE % Particulars FY 2023 - 24 FY 2024 - 25 FY 2025 - 26 FY 2026 - 27 (6 M) Capital Employed 196.1 241.1 257.9 347.67 PBIT 87.6 109.4 109.9 135.3 ~ ROCE % 44.7 45.4 42.6 38.9 Industries Limited | Investor Presentation Q2 – FY – 26 - 27 44.7 45.4 42.6 38.90 FY23-24 FY24-25 FY25-26 FY26-27 ROCE % declined mainly due to increase in capital employed although there is improvement in profitability . ~ Annualised
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25 Inventory Holding Days over last six quarters Notes: Calculated based on average of closing and opening inventory for the reported period and cost of goods sold for the reported period Inventory > 30 days ₹ 40 Crore • Total inventory includes Rs.22 Crore of customer - specific tool inventory, with a normal realization cycle of 150 – 180 days • Customer advances of Rs. 3.9 Crores have been received against these tool orders, reducing the net working capital exposure. • Reduce overall inventory holding to 45 days through focused inventory optimization and faster conversion of tool inventory into receivables. Engineering Division Industries Limited | Investor Presentation Q2 – FY – 26 - 27 55 56 56 58 58 58 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Inventory holding days
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Engineering Division 26 Performance Report Notes: 1. After Market: The division have faced certain material availability issues during this year due to the BIS restrictions on import of chains. It has stabilized now. 2. YoY means Year on Year – comparison between Q2 current year and Q2 previous year Business Vertical Wise – Q2 FY ‘27 Vs Q2 FY ‘26 ₹ in Crore ₹ in Crore Revenue Growth YOY Q2 FY 27 Q2 FY 26 Growth % Fine Blanking 231.63 180.95 28.01% Stamping 31.25 29.94 4.37% After market 21.60 18.37 17.58% Total Engineering 284.48 229.26 24.09% PBDIT Growth YOY Q2 FY 27 Q2 FY 26 Growth % Fine Blanking 41.33 30.96 33.49% Stamping 4.81 4.34 10.83% After market - 2.41 - 0.07 Total Engineering 43.73 35.23 24.10% Industries Limited | Investor Presentation Q2 – FY – 26 - 27
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Engineering Division 27 Performance Report Notes: 1. YoY means Year on Year – comparison between YTD Sep 26 Vs YTD Sep 25 Business Vertical Wise – YTD FY ‘27 Vs YTD FY ‘26 ₹ in Crore ₹ in Crore Revenue Growth YOY YTD FY 27 YTD FY 26 Growth % Fine Blanking 445.41 356.91 24.78% Stamping 58.78 57.37 2.46% After market 38.45 34.94 10.05% Total Engineering 542.64 449.26 20.79% PBDIT Growth YOY YTD FY 27 YTD FY 26 Growth % Fine Blanking 78.55 60.29 30.29% Stamping 9.16 8.42 8.79% After market - 4.93 - 0.24 Total Engineering 82.78 68.47 20.91% Industries Limited | Investor Presentation Q2 – FY – 26 - 27
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Engineering Division 28 Notes: 1. YoY means Year on Year – comparison between current year and previous year 2. QoQ means Quarter on Quarter – comparison between last two quarters Quarterly Performance Analysis Financial Performance Q2 FY ‘27 ₹ in Crore ₹ in Crore ₹ in Crore 229.26 284.48 Q2 FY26 Revenue +24% YoY +10% QoQ 258.16 Q2 FY27 Q1 FY27 Q2 FY26 PBDIT +24% YoY 12% QoQ 35.23 43.73 39.06 Q2 FY27 Q1 FY27 28.31 35.26 Q2 FY26 PBT +25% YoY 13% QoQ 31.11 Q2 FY27 Q1 FY27 Industries Limited | Investor Presentation Q2 – FY – 26 - 27
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Business Outlook 29 Engineering Division Industries Limited | Investor Presentation Q2 – FY – 26 - 27 Performance Overview Order bookings totalled ₹ 220 Crores till YTD September, 2026 with ₹ 1 7 Crores in EV - negative (ICE) parts ( 8 percent of total), ₹ 51 Crores in EV - neutral modules ( 23 percent of total) and ₹ 152 crore in EV - positive ( 69 percent of total) . Fine Blanking Division : The Fine Blanking Division entered high - value products segments such as braking parts for motorcycles and switch - gear assemblies for the electrical sector . The division added new customers diversifying its order book and mitigating EV - transition risk . Our Kolkata plant is currently operating at near full capacity . To accommodate both organic growth and pipeline of new businesses which are under finalisation, the plant will require additional investment in presses to meet these requirements in FY 2026 - 27 . In the Bangalore Plant, investments are being made in presses as well as secondary machines for new projects awarded to the plant . Stamping Division : Currently the Division is operating at full capacity and in FY 27 investment is being made to procure additional presses in the Bangalore Plant to cater to new business . Apart from this, division is evaluating, engaging with key existing customers and other potential customers for adding a Stamping plant in Gujarat as green field project . Advanced Electronic Division : With global manufacturing focus shifting to India for electronics components, IFB has also forayed into this sector. The Divi sio n made a revenue of Rs.3.3 Cr and Rs.5.14 Cr in Q2 and YTD September, 2026 respectively. In line with the growth strategy, the division has expanded its business portfolio by onboarding two new projects in the semiconductor and oven pallet segments, both of which are expected to contrib ute significantly through higher business volumes. Chain Manufacturing : The Division has existing after - market business in chain sprocket kit for Motorcycles . Approximately the turnover for Division is ₹ 80 Crores annually . In view of recent regulatory changes which is making import of chains difficult, the Division is setting up in - house chain manufacturing line to de - risk our existing Aftermarket chain sprocket operation . Equipment for the upcoming chain manufacturing line has been identified and leasehold land has been finalized and expected to be operational from Mar’ 27 . This manufacturing line will also open opportunities for IFB with the OEMs as a supplier offering both sprocket & chain kits for their new vehicle fitment and also spare parts division requirements . The market size of this is significant and company is optimistic on the same . Schmid Automotive & Appliances GmbH , a wholly owned step - down subsidiary of the Company, is helping both Kolkata and Bangalore plants in augmenting the design and capabilities of tools and R&D work for new tools of Advance Engineering Division which can possibly lead towards breakthrough product innovation .
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Financial Summary 30 Engineering Division ₹ in Crore Particulars FY 26 - 27 FY 25 - 26 FY 26 - 27 FY 25 - 26 Q2 Q2 YTD YTD Revenue 284.48 229.26 542.64 449.26 PBDIT 43.73 35.23 82.78 68.47 PBDIT % on revenue 15.37 15.37 15.26 15.24 PBT 35.26 28.31 66.36 54.69 PBT % on revenue 12.39 12.35 12.23 12.17 Industries Limited | Investor Presentation Q2 – FY – 26 - 27 Performance Overview Revenue has grown by 24% during the quarter compared to the same period last year. PBDIT has grown by 24.10% compared to the same period last year due to margin enhancement and increase in revenue. On YTD level, Revenue has grown by 20 . 79 % and PBDIT has grown by 20 . 91 %
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31 Steel Division ₹ in Crore Industries Limited | Investor Presentation Q2 – FY – 26 - 27 Financial Summary Particulars FY 26 - 27 FY 25 - 26 FY 26 - 27 FY 25 - 26 Q2 Q2 YTD YTD Revenue 64.77 47.53 115.77 96.35 PBDIT 3.23 2.96 3.88 4.75 PBDIT % on revenue 4.99 6.23 3.35 4.92 PBT 1.90 1.62 1.24 2.03 PBT % on revenue 2.93 3.40 1.07 2.11 Performance Overview Revenue increased by 36 % to ₹ 64 . 77 Cr in Q 2 FY 26 - 27 against ₹ 47 . 53 Cr in the corresponding quarter of the previous year . YTD revenue increased by 20 % to ₹ 115 . 77 Cr against ₹ 96 . 35 Cr in the corresponding period of the previous year . PBDIT for the quarter improved to ₹ 3 . 23 Cr from ₹ 2 . 96 Cr in the corresponding quarter of the previous year, supported by higher business volumes . However, YTD PBDIT declined to ₹ 3 . 88 Cr from ₹ 4 . 75 Cr primarily due to higher raw material costs that could not be fully passed on to customers . Operating costs has also increased . The Annealing Furnace, commissioned in May 2026 , has started contributing to capacity expansion, creating opportunities for higher production volumes and improved operating efficiency . The Division continues to focus on capacity utilisation, value - added sales, and operational excellence to drive sustainable revenue growth and enhance profitability in the coming quarters .
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32 Motor Division Industries Limited | Investor Presentation Q2 – FY – 26 - 27 BLDC motor production for washing machines commenced in Q3 FY25. Cumulative supplies now exceed 550,000 motors. We are in active discussions with a major washing machine manufacturer on its BLDC motor requirements. Supplies of air conditioner motors began Q3 in FY 26, and we are on track to supply more than 150000 units in H2 FY 27. Commercial Production Mass production of AC motors is scheduled for H2 FY 27, a key operational milestone. Our priorities are deepening customer partnerships, on - time delivery, and launching motors for adjacent applications such as chimneys, air coolers and tower fans, which will broaden our product portfolio. We are currently in discussions with 12 chimney manufacturers and 6 air cooler manufacturers on their BLDC motor requirements. Future Outlook BLDC Project Status
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Financial Summary 33 Particulars FY 26 - 27 FY 25 - 26 FY 26 - 27 FY 25 - 26 Q2 Q2 YTD YTD Revenue 26.76 17.88 48.36 37.60 PBDIT - 0.62 - 0.06 - 1.96 0.07 PBDIT % on revenue - 2.31 - 0.31 - 4.05 0.20 PBT - 0.91 - 0.30 - 2.54 - 0.40 PBT % on revenue - 3.41 - 1.69 - 5.26 - 1.06 Automotive Motors ₹ in Crore Industries Limited | Investor Presentation Q2 – FY – 26 - 27
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Business 34 Automotive Motors Industries Limited | Investor Presentation Q2 – FY – 26 - 27 Cost Optimization We have implemented measures targeting a 5% reduction in input costs: • Value Analysis / Value Engineering (VA/VE) to streamline product design • Alternate suppliers to lower material cost. • Reduced production rejection rates to improve operating efficiency Product Development We have recently begun supplying blower controllers* for passenger car climate control and we expect this new product to contribute significantly to annual revenue growth . We have also developed a similar controller for buses . * Blower controllers regulate the blower motors responsible for managing airflow in a vehicle’s automatic climate control system . Update Automotive Motor Division – Performance and Outlook Financial Performance Automotive Motor division revenue grew 49.6% compared with the same quarter last year. Strategic Initiatives We are expanding our market reach by engaging new customers and diversifying our product portfolio into alternate applications. These efforts are yielding results toward our target monthly turnover of ₹ 8 crore. However, PBDIT remains negative because of elevated commodity prices, rupee depreciation and persistent inflation. To restore positive PBDIT, we have approached all customers to reset prices, in addition to the routine commodity price pass - throughs we receive from them.
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Financial Summary 35 Performance Overview Total income : During the quarter GAAL achieved a revenue of ₹ 50 . 52 crores, an increase of 46 % as compared to previous year . Growth in revenue is mainly due to addition of new customers . Margin In absolute terms, PBDIT for quarter - 2 of 26 - 27 has grown by 51 % . Global Automotive & Appliances Pte. Limited ₹ in Crore IFB Industries Limited, the Holding Company, has one wholly owned subsidiary - Global Automotive & Appliances Pte . Limited (GAAL) and two step - down subsidiaries - Thai Automotive & Appliances Limited (TAAL) & Schmid Automotive & Appliances GmbH . Industries Limited | Investor Presentation Q2 – FY – 26 - 27 Particulars FY 26 - 27 FY 25 - 26 FY 26 - 27 FY 25 - 26 Q2 Q2 YTD YTD Revenue 50.52 34.68 89.65 55.23 PBDIT 6.01 3.99 10.02 5.82 PBDIT % on revenue 11.90 11.51 11.18 10.54 PBT 6.01 3.99 9.99 5.82 PBT % on revenue 11.90 11.51 11.14 10.54
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36 Performance Overview Total income: TAAL reported revenue of ₹ 20 . 07 Crores in Q 2 , as compared to ₹ 16 . 47 Crores in the corresponding quarter last year, registering a growth of 22 % . PBDIT for the quarter is ₹ 1 . 66 Crores ( 8 . 27 % ) and corresponding period last year was ₹ 1 . 01 Crores . Growth on PBDIT is due to increase in customer schedule and control on costs . PBT is at 3 . 84 % as compared to 1 . 70 % in the corresponding period last year . Thai Automotive & Appliances Limited ₹ in Crore Financial Summary Particulars FY 26 - 27 FY 25 - 26 FY 26 - 27 FY 25 - 26 Q2 Q2 YTD YTD Revenue 20.07 16.47 42.52 33.72 PBDIT 1.66 1.01 3.56 1.94 PBDIT % on revenue 8.27 6.13 8.37 5.75 PBT 0.77 0.28 1.87 0.57 PBT % on revenue 3.84 1.70 4.40 1.69 Industries Limited | Investor Presentation Q2 – FY – 26 - 27
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37 Overview In Q 2 of FY’ 27 , sales volume was 1 , 06 , 254 units against 1 , 03 , 382 units in corresponding quarter of last year which is equivalent to a 2 . 8 % rise . In FY' 26 , sales were 3 , 83 , 295 units against 2 , 93 , 404 units FY’ 25 which is an increase of 31 % . Revenue of the company increased in Q 2 of FY' 27 from last year’s ₹ 128 . 6 Cr . to reach ₹ 142 . 1 Cr which is a growth of 10 . 5 % mainly due to price increase . Q 2 of FY’ 27 generated a PBDIT was - ₹ 4 . 3 Cr . against ₹ 8 . 0 Cr . in last year . Due to substantial increase in the material cost up to 20 % , our PBDIT became negative . We could not pass on the entire increase in material cost due to market condition . IFB Refrigeration Limited Quarter wise sales (nos. in ‘000) is given below: IFB Industries Limited invested ₹ 97 crores in IFB Refrigeration Limited (IFBRL), which is 41.40% of the total equity with potential plans for increase. Industries Limited | Investor Presentation Q2 – FY – 26 - 27 Performance Overview Q2 FY 23-24 Q3 FY 23-24 Q4 FY 23-24 Q1 FY 24-25 Q2 FY 24-25 Q3 FY 24-25 Q4 FY 24-25 Q1 FY 25-26 Q2 FY 25-26 Q3 FY 25-26 Q4 FY 25-26 Q1 FY 26-27 Q2 FY 26-27 48 42 40 90 69 64 71 118 103 82 80 116 106
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Financial Statements 38 (Quarterly & Year - to - date Results) IFB Industries Limited | Investor Presentation Q2 – FY – 26 - 27 Key Indices as on 30 th September 2026 Quarterly Q2 FY26 Revenue IFBIL 1512.54 1326.61 Q2 FY27 14% Q2 FY26 PAT IFBIL 39.56 49.75 Q2 FY27 - 20% Q2 FY26 PBDIT IFBIL 90.92 102.50 Q2 FY27 - 11% Standalone Income Statement Particulars QTR (₹ in Crores) YTD (₹ in Crores) 30 th Sep'26 30 th Sep'25 30 th Sep'26 30 th Sep'25 Total Sale of products 1868.73 1648.60 3836.05 3296.11 Less: Trade scheme & discounts 444.74 393.34 966.10 808.35 Net Sales 1423.99 1255.26 2869.95 2487.76 - Sale of services 46.05 39.64 88.48 81.01 - Other operating revenue 35.24 25.04 70.37 52.16 Revenue from operations 1505.28 1319.94 3028.80 2620.93 Other Income 7.26 6.67 12.83 16.50 Total Income 1512.54 1326.61 3041.63 2637.43 PBDIT 90.92 102.50 179.38 172.45 PBDIT Margin (%) 6.01 7.73 5.90 6.54 Depreciation & amortization expense 32.29 29.17 64.43 59.28 PBIT 58.63 73.33 114.95 113.17 PBIT Margin (%) 3.88 5.53 3.78 4.29 Finance Costs - (i) On Borrowings 0.19 0.44 0.43 1.82 (ii) Others 4.58 4.57 9.12 9.10 Profit before tax 53.86 68.32 105.40 102.25 Profit after tax 39.56 49.75 77.62 75.11 PAT Margin (%) 2.62 3.75 2.55 2.85 Total Comprehensive Income (TCI) 39.29 50.31 77.09 76.22 Total TCI Margin (%) 2.60 3.79 2.53 2.89 No. of Shares (in crores) 4.05 4.05 4.05 4.05 Earning per share ( ₹ ) (not annualized) 9.77 12.27 19.16 18.53
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Financial Statements 39 Standalone Balance Sheet IFB Industries Limited | Investor Presentation Q2 – FY – 26 - 27 Key Indices as on 30 th September 2026 * Including CWIP, Right of use assets, investment property, goodwill, other intangible assets and intangible assets under development. Fixed Assets : ₹ 748.11 Crores (+) ₹ 65.01 Crore Inventories : ₹ 777.28 Crores (+) ₹ 146.61 Crores Cash & Cash Equivalents (includes short - term investments) : ₹ 350.88 Crores ( - ) ₹ 6.39 Crores Trade Payables : ₹ 1079.51 Crores (+) ₹ 116.92 Crores STANDALONE BALANCE SHEET (₹ in Crores) 30 th Sep’26 31 st Mar’26 ASSETS Property, Plant & Equipment* 748.11 683.10 Investment in Subsidiaries & Associate 118.68 118.96 Inventories 777.28 630.67 Investment in Mutal Funds 268.57 260.86 Trade Receivables 400.71 394.83 Cash and Cash equivalents 82.31 96.41 Other Assets 291.97 259.19 TOTAL 2687.63 2444.02 EQUITY & LIABILITIES Equity Share Capital 41.28 41.28 Other Equity 1028.83 951.74 Borrowings - Term Loan 8.22 12.77 Trade Payables 1079.51 962.59 Other Provisions & Liabilities 529.79 475.64 TOTAL 2687.63 2444.02
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Financial Statements 40 Standalone Key Ratios IFB Industries Limited | Investor Presentation Q2 – FY – 26 - 27 Key Indices as on 30 th September 2026 Quarterly # include current Investments and short term working capital loans and current maturities of long term loans Current Ratio: 1.30 (+) 0.02 Market Capitalization: ₹ 4866 Crores ( - ) ₹ 1904 Crores Debtors Holding: 26 Days ( - ) 5 days Inventory Holding: 70 Days ( - ) 5 days STAND ALONE KEY RATIOS QTR (₹ in Crores) YTD (₹ in Crores) 30 th Sep'26 30 th Sep'25 30 th Sep'26 30 th Sep'25 Earnings Per Share(in ₹ ) (Not Annualized) 9.77 12.27 19.16 18.53 Book Value per Share (in ₹ ) 264.10 230.54 264.10 230.54 Current Ratio # 1.30 1.28 1.30 1.28 Quick Ratio # 0.72 0.72 0.72 0.72 PBDIT/Total Income (%) 6.01 7.73 5.90 6.54 Net Profit Margin (%) 2.62 3.75 2.55 2.85 Net Worth (in crores) 959 823 959 823 RONW (%) (on PAT) (Annualized) 16.50 24.18 16.19 18.25 Return on capital employed (%) (on PBIT) (Annualized) 17.55 24.73 17.21 19.09 No. of Equity Shares (in crores) 4.05 4.05 4.05 4.05 Closing Market Price on Period End 1201 1671 1201 1671 Market Capitalization (in crores) 4866 6771 4866 6771 Head Count (Numbers) 2390 2490 2390 2490 Total Income Per Employee ( ₹ Lacs) 63.29 53.28 127.26 105.92 PBT Per Employee ( ₹ Lacs) 2.25 2.74 4.41 4.11 Fixed Asset Turnover Ratio 10.60 9.88 10.68 9.82 Day Sundry Debtors Outstanding 26 31 25 31 Inventory Holding (in Days) 70 75 69 74
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Financial Statements 41 Standalone Cash Flow Statement IFB Industries Limited | Investor Presentation Q2 – FY – 26 - 27 Key Indices as on 30 th September 2026 Note : After considering investment in mutual funds Total cash and cash equivalent as on 30 th September, 2026 is Rs 350.88 crores against balance of Rs. 357.27 crore as on 31 st March 2026. Cash flow from operating ₹ 108.60 Crores ( - ) ₹ 50.22 Crores Cash flow used in investing ( - ) ₹ 51.29 Crores (+) ₹ 16.63 Crores Cash flow used in financing ( - ) ₹ 71.42 Crores ( - ) ₹ 181.43 Crores CASH FLOWS FROM OPERATING ACTIVIITES (₹ in Crores) 30 th Sep’26 30 th Sep’25 Profit Before Tax 105.40 102.25 Non - Cash and Other Adjustments 63.69 57.67 Operating Profit Before Working Capital Changes 169.09 159.92 Movement in Working Capital - 40.72 19.71 Cash Generated From Operations 128.37 179.63 Income Taxes Paid - 19.77 - 20.81 Net Cash Generated from/ (Used in) Operating Activities 108.60 158.82 Net Cash Generated from/ (Used in) Investing Activities - 51.29 - 67.92 Net Cash Used in Financial Activities - 71.42 110.01 NET CHANGE IN CASH & CASH EQUIVALENT - 14.11 - 19.11 CASH AND CASH EQUIVALENT AT THE BEGINNING OF THE PERIOD 96.41 91.02 CASH AND CASH EQUIVALENT AT THE END OF THE PERIOD 82.31 71.91
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Financial Statements 42 Consolidated Income Statement IFB Industries Limited | Investor Presentation Q2 – FY – 26 - 27 (Quarterly & Year - to - date Results) Key Indices as on 30 th September 2026 Quarterly Q2 FY26 Revenue IFBIL 1583.27 1377.36 Q2 FY27 15% Q2 FY26 PAT IFBIL 38.34 50.79 Q2 FY27 - 25% Q2 FY26 PBDIT IFBIL 91.63 104.95 Q2 FY27 - 13% CONSOLIDATED INCOME STATEMENT QTR (₹ in Crores) YTD (₹ in Crores) 30 th Sep'26 30 th Sep'25 30 th Sep'26 30 th Sep'25 Total sale of products 1938.08 1698.50 3965.73 3382.67 Less: trade scheme and discounts 444.74 393.34 966.10 808.35 Net Sales 1493.34 1305.16 2999.63 2574.32 - Sale of services 46.45 39.64 88.88 81.01 - Other operating revenues: 35.99 25.63 72.01 53.41 Revenue from operations 1575.78 1370.43 3160.52 2708.74 Total Income 1583.27 1377.36 3173.78 2725.63 PBDIT 91.63 104.95 186.58 176.65 EBITDA Margin (%) 5.79 7.62 5.88 6.48 PBIT 58.45 75.06 120.47 116.02 EBIT Margin (%) 3.69 5.45 3.80 4.26 Profit before tax 53.67 70.04 110.87 105.08 Profit after tax 38.34 50.79 81.39 76.95 Attributable to owners of the parent 38.34 50.79 81.39 76.95 Total Comprehensive Income (TCI) 38.68 53.42 80.89 81.35 Attributable to owners of the parent 38.68 53.42 80.89 81.35 Earnings per share ( ₹ ) (not annualised) 9.47 12.53 20.09 18.99
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Financial Statements 43 Consolidated Balance Sheet IFB Industries Limited | Investor Presentation Q2 – FY – 26 - 27 Key Indices as on 30 th September 2026 * Including CWIP, Right of use assets, investment property, goodwill, other intangible assets and intangible assets under development. Fixed Assets ₹ 779.91 Crores (+) ₹ 64.73 Crores Inventories ₹ 782.75 Crores (+) ₹ 147.62 Crores Cash & Cash Equivalents (includes short - term investments) ₹ 380.85 Crores ( - ) ₹ 1.41 Crores Trade Payables ₹ 1114.42 Crores (+) ₹ 121.39 Crores Consolidated Balance Sheet (₹ in Crores) 30 th Sep'26 31 st Mar’26 ASSETS Property, Plant and equipment* 779.91 715.18 Investment in Equity Shares 44.53 51.04 Inventories 782.75 635.13 Investment in Mutual Funds 268.57 261.68 Trade Receivables 450.37 437.09 Cash and Cash Equivalents 112.28 120.58 Other non - current assets 295.14 263.03 TOTAL 2733.55 2483.73 EQUITY AND LIABILITIES Equity Share Capital 41.28 41.28 Other Equity 1034.47 953.58 Borrowings - Term Loan 8.22 12.77 - Working Capital Demand / Buyers Credit Loan 2.64 3.25 Trade payable 1114.42 993.03 Other Provisions and liabilities 532.52 479.82 TOTAL 2733.55 2483.73