IFB Industries Q2 FY27 Results: Consolidated Net Profit ₹38.34 Crore on Total Income of ₹1,583 Crore
Earnings
home appliances
Blacklitt Research3 min read
IFB Industries Limited said in a filing on 27 Oct 2026 that its consolidated total income for the quarter ended 30 Sep 2026 was ₹1,583.27 crore and its consolidated net profit was ₹38.34 crore. Standalone total income was ₹1,512.54 crore and standalone net profit was ₹39.56 crore.
Key highlights
Consolidated
Including its subsidiaries
Total income: ₹1,583.27 crore, up 14.9% YoY and down 0.5% QoQ
Net profit and EPS: ₹38.34 crore, down 24.5% YoY; basic EPS ₹9.47 against ₹12.53
Finance costs: ₹4.78 crore, down 4.8% YoY
Standalone
The company on its own, without its subsidiaries
Total income: ₹1,512.54 crore, up 14.0% YoY and down 1.1% QoQ
Net profit and EPS: ₹39.56 crore, down 20.5% YoY; basic EPS ₹9.77 against ₹12.27
Finance costs: ₹4.77 crore, down 4.8% YoY
Summary
Consolidated ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
1,583.27
1,377.36
+14.9%
1,590.51
-0.5%
Revenue from operations
1,575.78
1,370.43
+15.0%
1,584.74
-0.6%
Other income
7.49
6.93
+8.1%
5.77
+29.8%
38.34
50.79
-24.5%
43.05
-10.9%
Finance costs
4.78
5.02
-4.8%
4.82
-0.8%
Depreciation
33.18
29.89
+11.0%
32.93
+0.8%
Tax expense
15.33
19.25
-20.4%
14.15
+8.3%
Net profit margin
2.42%
3.69%
-1.27 pp
2.71%
-0.29 pp
Tax as share of profit before tax
28.6%
26.8%
+1.75 pp
24.9%
+3.68 pp
EPS, basic (₹)
9.47
12.53
-24.4%
10.62
-10.8%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Consolidated net profit fell 24.5% to ₹38.34 crore from ₹50.79 crore a year earlier, while total income rose 14.9% to ₹1,583.27 crore from ₹1,377.36 crore. Revenue from operations rose 15.0% to ₹1,575.78 crore and other income rose 8.1% to ₹7.49 crore.
Tax expense fell 20.4% to ₹15.33 crore from ₹19.25 crore, and tax was 28.6% of profit before tax, against 26.8% a year earlier. Depreciation rose 11.0% to ₹33.18 crore from ₹29.89 crore over the same period.
Against the June quarter, total income fell 0.5% and net profit fell 10.9% to ₹38.34 crore from ₹43.05 crore, while other income rose 29.8% from ₹5.77 crore. The consolidated results include a share of loss of an associate of ₹6.58 crore for the quarter; the auditors' conclusion on the associate, IFB Refrigeration Limited, rests on another auditor's report dated 23 Oct 2026.
The statement shows no exceptional item for the quarter. For the year ended 31 Mar 2026 it shows an exceptional item of ₹13.96 crore, which the filing says represents the incremental impact of consolidating 29 existing labour laws into four Labour Codes, notified on 21 Nov 2025.
Standalone ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
1,512.54
1,326.61
+14.0%
1,529.09
-1.1%
Revenue from operations
1,505.28
1,319.94
+14.0%
1,523.52
-1.2%
Other income
7.26
6.67
+8.8%
5.57
+30.3%
39.56
49.75
-20.5%
38.06
+3.9%
Finance costs
4.77
5.01
-4.8%
4.78
-0.2%
Depreciation
32.29
29.17
+10.7%
32.14
+0.5%
Tax expense
14.30
18.57
-23.0%
13.48
+6.1%
Net profit margin
2.62%
3.75%
-1.13 pp
2.49%
+0.13 pp
Tax as share of profit before tax
26.6%
27.2%
-0.63 pp
26.2%
+0.40 pp
EPS, basic (₹)
9.77
12.27
-20.4%
9.39
+4.0%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit fell 20.5% to ₹39.56 crore from ₹49.75 crore a year earlier, while total income rose 14.0% to ₹1,512.54 crore from ₹1,326.61 crore. Against the June quarter, standalone net profit rose 3.9% from ₹38.06 crore while total income fell 1.1%.
Tax expense fell 23.0% to ₹14.30 crore from ₹18.57 crore, and tax was 26.6% of profit before tax, against 27.2% a year earlier. Depreciation rose 10.7% to ₹32.29 crore from ₹29.17 crore.
Standalone profit before tax for the six months to 30 Sep 2026 was ₹105.40 crore, against ₹102.25 crore for the six months to 30 Sep 2025.
At 30 Sep 2026 standalone total equity was ₹1,070.11 crore, against ₹993.02 crore at 31 Mar 2026. Net cash generated from operating activities for the six months was ₹108.60 crore, against ₹158.82 crore a year earlier.
Inference
Consolidated total equity was ₹1,075.75 crore at 30 Sep 2026, up from ₹994.86 crore at 31 Mar 2026, and net cash generated from operating activities for the six months was ₹115.20 crore, against ₹183.33 crore a year earlier. On 23 Oct 2026 the company also filed an intimation of a revision in its credit rating.
What lies behind the fall in profit against a year earlier is not known from this filing.
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