BSECompany Update2d ago · 10 Nov 2026, 06:01 pm
Press release for Q2 and H1 FY 2027 results.
Indag Rubber Ltd-$ · 509162
✦ AI Summary▲ PositiveResults
Indag Rubber Ltd-$ has declared its audited Financial Results for the quarter and half year ended 30th September 2026. Total revenue increased by 27% YoY to ₹69.84 crore, supported by higher sales volumes. EBITDA stood at ₹5.60 crore (8.0% margin) and Profit After Tax stood at ₹3.28 crore (4.7% margin). The company continues to serve performance-seeking customers through the Indag-branded product portfolio.
Analysis Scores
Earnings Impact8/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact9/10
Market Sentiment8/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Indag Rubber Ltd-$ - 509162 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Attachments (1)
📄pdf
Download →
a9011232-faca-4ebd-8c69-945deed6564d.pdf
View document text
lndag Rubber Limited
Regd. Office: Khemka House, 11, Community Centre, Saket, New Delhi ·110017, India
Phone: 26963172-73, 26961211, 26863310, 41664818, 41664043; Fax: 011- 26856350
E-mail: info@indagrubber.com; Website: www.indagrubber. com; CIN-L74899DL1978PLC009038
Works: VPO Bhogpur, Jhiriwala, Tehsil Nalagarh, Distt. Solan, Himachal Pradesh - 174101, India
Phone: +91-9736000123
ISO 900 1: 2015
ISO 14001:2015
ISO 45001:2018
November 10, 2026
(Company code‐1321)
BSE Limited (Scrip code‐509162)
Phiroze Jeejeebhoy Towers,
Dalal Street,
M umbai-400001.
Sub.: Press Release for Q2 & HY1 FY2027 Financial Results.
Dear Ma’am/Sir,
Please find enclosed Press Release for Q2 & H1 FY2027 Financial Results for the information of
the investors and public at large.
Thanking you.
For Indag Rubber Limited
Yours faithfully,
Sonal Garg
Company Secretary & Compliance Officer
(ACS 24598)
---------- The only alternative to new tyres -------------
THE ONLY ALTERNATE TO NEW TYRES…SINCE 1978
Q2 & H1 FY27 Financial Highlights
Press Release
10 November 2026, New Delhi; Indag Rubber Limited, one of India’s leading tread manufacturing
Company, has declared its audited Financial Results for the quarter and half year ended 30th
September 2026.
Q2 & H1 FY27 Financial Highlights
Particulars (Rs. Crs.)* Q2 FY27 Q2 FY26 Y-o-Y H1 FY27 H1 FY26 Y-o-Y
Total Revenue 69.8 55.0 27.0% 130.3 103.0 26.5%
EBITDA 5.6 6.2 -10% 13.8 10.1 36%
EBITDA Margin 8.0% 11.3% -324 bps 10.6% 9.9% 74 bps
Profit After Tax 3.3 3.6 -9% 8.4 5.5 53%
PAT Margin 4.7% 6.6% -188 bps 6.4% 5.3% 111 bps
* On Standalone Basis, including other income
Dividend: The Board has declared an interim dividend of ₹0.90 per equity share of face value ₹2 for
FY27. The record date is 16 November 2026.
Commenting on the Result, Mr. Vijay Shrinivas, CEO & Whole Time Director, Indag Rubber Limited
said:
“During Q2FY27, total revenue increased by 27% YoY to ₹69.84 crore, supported by higher sales
volumes. EBITDA stood at ₹5.60 crore (8.0% margin) and Profit After Tax stood at ₹3.28 crore (4.7%
margin). For H1FY27, total revenue increased by 27% YoY to ₹130.28 crore, EBITDA grew by 36% to
₹13.80 crore (10.6% margin) and Profit After Tax stood at ₹8.35 crore (6.4% margin).
The Company continues to serve performance-seeking customers through the Indag-branded
product portfolio. During the quarter we hosted our top-performing dealers at the CEO's Club meet
and continued structured technical training and on-ground audits with our franchisee partners.
Raw-material costs stayed high in Q2FY27 after the 2026 West Asia escalation and weighed on the
quarter's margins; we continue to manage this through calibrated price pass-through, raw-material
monitoring, and supplier and geography diversification. Indag has successfully navigated multiple
raw-material cycles before, and we remain committed to driving long-term value through a
differentiated, customer-centric approach.
The retreading industry’s value proposition continues to be strong -
• Economically: A retreaded tyre saves up to ~70% of new tyre cost and brings cost-per-kilometre
down to nearly a third - directly benefiting fragmented fleet owners and operators in India.
• Environmentally: A retreaded tyre saves 57 ltrs of Oil, 44kg of rubber, translating to ~136 kg of
lower CO₂ emissions versus a new tyre.
Our subsidiary, Millenium Manufacturing Systems – an EMS provider in the power-electronics
segment for the global green energy transition – has completed its first commercial serial order: all
systems have been invoiced and despatched to the customer in Europe.”
THE ONLY ALTERNATE TO NEW TYRES…SINCE 1978
About Indag Rubber Limited
Indag Rubber Limited (IRL) is founded by Khemka Group during the early 80's. IRL pioneered the
introduction of Cold Retreading Technology in India. Since then, the Company has provided Retreading
material to customers ranging from Precured Tread Rubber to Envelopes. IRL has state-of-the-art
manufacturing unit established at Nalagarh Industrial Estate in Himachal Pradesh with an Annual Capacity to
manufacture 20,000 tons of Precured Tread Rubber (PTR) along with allied items. With the Best Quality
product and reasonable pricing with wide distribution network, Company provides Tread which promises
“Lowest Cost per Kilometer” to our customers
Safe Harbor Statement
Statements in this document relating to future status, events, or circumstances, including but not limited to
statements about plans and objectives, the progress and results of research and development, potential
project characteristics, project potential and target dates for project related issues are forward-looking
statements based on estimates and the anticipated effects of future events on current and developing
circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily
predictive of future results. Actual results may differ materially from those anticipated in the forward-
looking statements. The company assumes no obligation to update forward-looking statements to reflect
actual results changed assumptions or other factors.
For further information, please contact:
Company : Investor Relations Advisors :
CIN: L74899DL1978PLC009038 CIN: U74140MH2010PTC204285
Mr. Anil Bhardwaj, G.M.(Accounts) & CFO Mr. Deven Dhruva / Mr. Ronak Jain
anil@indagrubber.com deven.dhruva@sgapl.net / ronak.jain@sgapl.net
+91 9833373300 / +91 9820950544
www.indagrubber.in www.sgapl.net