IFB Industries reports strong Q2 growth in revenue and profit

IFB Industries reported a 12% increase in Q2 FY26 revenue to ₹1326.61 crore, with PBDIT surging by 30% to ₹102.50 crore and PAT rising 49% to ₹49.75 crore compared to the previous year. The home appliance division (HAD) saw a 14% growth, while the engineering division grew by 6%, primarily due to strong washer sales.

On a year-to-date basis, revenue increased by 8% to ₹2637.43 crore. The company maintains an insignificant debt position of ₹17.31 crore as of September 30, 2025, with substantial cash and bank balances of ₹308.14 crore, leading to a net cash position of ₹290.83 crore.

The HAD division's Q2 sales included ₹428 crore from front loaders (40% of HAD sales) and ₹183 crore from top loaders (17%). New 11kg high-capacity washers and washer-dryers contributed to improved market share. The engineering division booked new business worth ₹45 crore in Q2 FY26, with a long-term strategy to add ₹500 crore in new orders over the next two years.