Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of IFGL Refractories Ltd
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 315.97 | 368.13 | 423.85 | 455.52 | 366.18 | 393.94 | 414.54 | 411.12 | 378.84 | 448.53 | 454.01 | 488.63 | 468.64 |
| Expenses + | 281.65 | 319.76 | 367.86 | 387.74 | 370.36 | 359.16 | 368.44 | 378.51 | 362.16 | 415.30 | 418.01 | 450.64 | 445.56 |
| Operating Profit | 34.32 | 48.37 | 55.99 | 67.78 | -4.18 | 34.78 | 46.10 | 32.61 | 16.68 | 33.23 | 36.00 | 37.99 | 23.08 |
| OPM % | 10.86% | 13.14% | 13.21% | 14.88% | -1.14% | 8.83% | 11.12% | 7.93% | 4.40% | 7.41% | 7.93% | 7.77% | 4.92% |
| Other Income + | 2.34 | 7.76 | 3.45 | 3.94 | 4.16 | 7.22 | 6.93 | 3.91 | 2.89 | 3.68 | 3.00 | 2.01 | -2.95 |
| Interest | 1.26 | 0.69 | 2.54 | 2.43 | 2.72 | 3.35 | 2.62 | 3.44 | 3.53 | 4.16 | 4.63 | 3.55 | 3.88 |
| Depreciation | 13.38 | 15.85 | 15.61 | 15.51 | 15.70 | 17.45 | 17.08 | 17.70 | 18.00 | 19.96 | 19.20 | 19.75 | 19.99 |
| Profit before tax | 22.02 | 39.59 | 41.29 | 53.78 | -18.44 | 21.20 | 33.33 | 15.38 | -1.96 | 12.79 | 15.17 | 16.70 | -3.74 |
| Tax % | 28.29% | 25.69% | 28.29% | 29.34% | -108.24% | 40.85% | 26.04% | 21.46% | 11.22% | 34.09% | 28.74% | 24.01% | -17.65% |
| Net Profit + | 15.79 | 29.42 | 29.61 | 38.00 | 1.52 | 12.54 | 24.65 | 12.08 | -2.18 | 8.43 | 10.81 | 12.69 | -3.08 |
| EPS in Rs | 2.19 | 4.08 | 4.11 | 5.27 | 0.21 | 1.74 | 3.42 | 1.68 | -0.30 | 1.17 | 1.50 | 1.76 | -0.43 |
Financials of IFGL Refractories Ltd
Annual income statement trend
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 766 | 835 | 950 | 917 | 1,022 | 1,260 | 1,386 | 1,639 | 1,653 | 1,860 |
| Expenses + | 667 | 729 | 841 | 825 | 865 | 1,117 | 1,233 | 1,485 | 1,524 | 1,730 |
| Operating Profit | 99 | 106 | 109 | 92 | 157 | 143 | 153 | 155 | 129 | 130 |
| OPM % | 13% | 13% | 12% | 10% | 15% | 11% | 11% | 9% | 8% | 7% |
| Other Income + | 4 | 4 | 4 | -10 | 19 | 16 | 13 | 18 | 17 | 6 |
| Interest | 5 | 4 | 4 | 4 | 3 | 3 | 5 | 11 | 14 | 16 |
| Depreciation | 44 | 44 | 46 | 48 | 49 | 51 | 56 | 64 | 73 | 79 |
| Profit before tax | 55 | 63 | 64 | 30 | 124 | 104 | 106 | 98 | 60 | 41 |
| Tax % | 8% | 25% | 21% | 35% | 47% | 25% | 25% | 17% | 28% | |
| Net Profit + | 50 | 47 | 50 | 19 | 66 | 77 | 79 | 82 | 43 | 29 |
| EPS in Rs | 86.16 | 6.54 | 7.00 | 2.70 | 9.10 | 10.75 | 10.99 | 11.33 | 5.96 | 4.00 |
| Dividend Payout % | 1% | 15% | 18% | 46% | 55% | 33% | 32% | 31% | 59% |
Financials of IFGL Refractories Ltd
Capital structure and asset base
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 72 |
| Reserves | 650 | 716 | 759 | 773 | 854 | 898 | 969 | 1,036 | 1,071 | 1,066 |
| Borrowings + | 84 | 112 | 89 | 65 | 64 | 99 | 160 | 174 | 213 | 217 |
| Other Liabilities + | 158 | 134 | 135 | 150 | 230 | 253 | 261 | 244 | 298 | 382 |
| Total Liabilities | 894 | 999 | 1,019 | 1,024 | 1,184 | 1,286 | 1,426 | 1,490 | 1,618 | 1,737 |
| Fixed Assets + | 471 | 461 | 454 | 440 | 416 | 422 | 500 | 517 | 593 | 600 |
| CWIP | 2 | 8 | 6 | 7 | 22 | 25 | 46 | 104 | 27 | 33 |
| Investments | 12 | 13 | 46 | 94 | 128 | 135 | 132 | 126 | 105 | 67 |
| Other Assets + | 409 | 516 | 513 | 483 | 618 | 704 | 748 | 743 | 893 | 1,037 |
| Total Assets | 894 | 999 | 1,019 | 1,024 | 1,184 | 1,286 | 1,426 | 1,490 | 1,618 | 1,737 |
Financials of IFGL Refractories Ltd
Operating, investing and financing cash movement
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 28 | 41 | 109 | 150 | 139 | 4 | 6 | 152 | 28 |
| Cash from Investing Activity + | -9 | -40 | -70 | -50 | -97 | -26 | -118 | -115 | -34 |
| Cash from Financing Activity + | -4 | 18 | -37 | -66 | -5 | -7 | 50 | -24 | -4 |
| Net Cash Flow | 14 | 19 | 3 | 33 | 38 | -29 | -62 | 13 | -9 |
| Free Cash Flow | 15 | -2 | 72 | 126 | 108 | -61 | -130 | 18 | -44 |
| CFO/OP | 48% | 53% | 114% | 163% | 101% | 21% | 23% | 113% | 43% |
Financials of IFGL Refractories Ltd
Working capital efficiency and return ratios
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 109 | 124 | 88 | 84 | 82 | 79 | 92 | 72 | 79 |
| Inventory Days | 94 | 94 | 120 | 113 | 129 | 154 | 153 | 132 | 179 |
| Days Payable | 118 | 109 | 95 | 99 | 119 | 111 | 94 | 79 | 104 |
| Cash Conversion Cycle | 85 | 110 | 112 | 98 | 91 | 122 | 151 | 126 | 154 |
| Working Capital Days | 68 | 83 | 75 | 72 | 68 | 80 | 94 | 75 | 83 |
| ROCE % | 8% | 8% | 6% | 14% | 11% | 10% | 9% | 6% |