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IOIONEXCHANG

ION Exchange (India) Q4 FY26 results (Jan–Mar 2026) and concall

Utilities · Concall AI · Call held 29 May 2026

Ion Exchange reported a 7% YoY increase in FY26 operating income to INR 2,914.8 crores, but EBITDA saw a 29% YoY decline to INR 210.2 crores, with margins compressing to 7.21%. Q4 performance was notably impacted by the West Asia crisis, leading to deferred engineering shipments and affecting chemical segment profitability due to input costs and Roha facility expenses. Despite these challenges, the company secured a strong engineering order book of INR 2,643.3 crores, expanded its international footprint, and made strategic advancements in membrane technology through a partnership with MANN+HU

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What they filed

Q4 FY26: revenue up 3.7%, net profit down 69.2% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26
Revenue589 650 785 518 678 +15%669 +3%814 +4%
EBITDA67 74 83 56 61 −9%56 −24%11 −87%
Net profit51 53 65 47 48 −6%24 −55%20 −69%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.