Transcript of the earnings conference call for the quarter ended 30th September, 2026

10th November, 2026 The Manager The Manager Department of Corporate Services The National Stock Exchange of India Ltd. BSE Limited, Exchange Plaza, 5th Floor Phiroze Jeejeebhoy Towers Plot No-C/1, G Block, Dalal Street, Bandra Kurla Complex Mumbai- 400001 Mumbai - 400051 NSE Symbol: IFBIND | BSE Scrip Code: 505726 Sub: Transcript of the earnings conference call for the Quarter and Half Year ended 30th September, 2026 Dear Sir, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in furtherance to our letter dated 5th November, 2026 regarding the audio recording of the investor’s earnings call for the Quarter and Half Year ended 30th September, 2026, please find enclosed herewith the call transcript. The call transcript is also available on the Company’s website i.e., https://www.ifbindustries.com/financial.php. This is for your information and record. Yours Faithfully, For IFB Industries Limited Ritesh Agarwal Company Secretary “IFB Industries Limited Q2 FY27 Earnings Conference Call” November 05, 2026 MANAGEMENT: MR. SANDEEP JOSEPH ABRAHAM – MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER, HOME APPLIANCES DIVISION – IFB INDUSTRIES LIMITED MR. SOUMITRA GOSWAMI – CHIEF FINANCIAL OFFICER – IFB INDUSTRIES LIMITED MR. C.S. GOVINDARAJ – EXECUTIVE DIRECTOR, MANUFACTURING, HOME APPLIANCES DIVISION – IFB INDUSTRIES LIMITED MR. AMAR SINGH NEGI – EXECUTIVE DIRECTOR, SERVICE, HOME APPLIANCES DIVISION – IFB INDUSTRIES LIMITED MR. ARUP DAS – EXECUTIVE DIRECTOR, ENGINEERING BUSINESS – IFB INDUSTRIES LIMITED MR. RAJEEV MUNDHRA – HEAD, FINANCE AND ACCOUNTS, ENGINEERING – IFB INDUSTRIES LIMITED MR. KARTIK MUCHANDI – HEAD, FINANCE AND ACCOUNTS, HOME APPLIANCES DIVISION – IFB INDUSTRIES LIMITED MR. RANJAN MOHAN MATHUR – NATIONAL SALES HEAD, HOME APPLIANCES – IFB INDUSTRIES LIMITED MODERATOR: MR. RABINDRANATH NAYAK – NIRMAL BANG EQUITIES PRIVATE LIMITED Page 1 of 19 IFB Industries Limited November 05, 2026 Moderator: Ladies and gentlemen, good day and welcome to the IFB Industries Limited Q2 FY27 Earnings Conference Call hosted by Nirmal Bang Institutional Equities. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing star, then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Rabindranath Nayak from Nirmal Bang Institutional Equities. Thank you, and over to you, sir. Rabindranath Nayak: Thank you, Alaric. On behalf of Nirmal Bang Institutional Equities, I would like to welcome everyone to the Q2 FY 2027 earnings call of IFB Industries Limited. We thank the management of IFB Industries for giving us the opportunity to host this call. From the management team, we have with us Mr. Sandeep Joseph Abraham, MD and CEO, Home Appliances Division; Mr. Soumitra Goswami, CFO; Mr. C.S. Govindaraj, ED, Manufacturing, Home Appliances Division; Mr. Amar Singh Negi, ED, Service, Home Appliances Division; Mr. Arup Das, ED, Engineering Business; Mr. Rajeev Mundhra, Head, Finance and Accounts, Engineering; Mr. Kartik Muchandi, Head, Finance and Accounts, Home Appliances Division; Mr. Ranjan Mohan, National Sales Head, Home Appliances Division. Please note that today's discussions may contain forward-looking statements based on current expectation, which involve risks and uncertainties that could cause actual result may differ materially. The management assumes no obligation to update these statements in light of new information or future developments. Without taking much of your time, I would now like to hand over the call to the management for their opening remarks. Following the management's commentary, we will open the floor for the question and answer session. Over to you, sir, and thank you. Soumitra Goswami: Good afternoon, everybody. I am Soumitra Goswami from IFB Industries Limited. I welcome you all to IFB Industries Limited investors call for second quarter of FY 2026/2027. Now, I will inform you about quarter two result. Revenue for the quarter was INR1,512 crores against last year INR1,327 crores, which is a growth of 14.04%. PBDIT for the period was INR90.92 crores, and its percentage to revenue is 6.01% as compared to last year's INR102.50 crores, which was 7.73% on revenue. There is a decline in PBDIT amount by INR11.6 crores, which is a de-growth over last year by 11.3%. The decline in PBDIT was primarily driven by an increase in material cost due to hike in commodity price and adverse forex impact. Staff costs remained lower as compared to last year. However, other expenses increased due to higher payout in office expenditure. PBT for the quarter stood at INR53.86 crores, which was 3.56% on revenue as against INR68.32 crores in the corresponding period last year, which is 5.16% on revenue. Quarter two PAT was INR39.56 crores, which was 2.62% on revenue against last year INR49.75 crores, which is 3.75% on revenue. Figures for YTD September 2026 are as follows. Revenue for the period was INR3,042 crores against last year INR2,637 crores, which is a growth of 15.34%. PBDIT for the period was INR179.38 crores, its percentage to revenue is 5.9% as compared to last year INR172.45 crores, which is 6.5% on revenue. Like quarter two, material cost for the YTD period also remained elevated as compared to last year. Staff cost Page 2 of 19 IFB Industries Limited November 05, 2026 decreased marginally during the year. However, operating expenses again increased like quarter two in the area of office expenditure. PBT for the period was INR105.40 crores, which is 3.3% on revenue against last year figure of INR102.25 crores, which is 3.9% on revenue. Profit after tax for six months period was INR77.62 crores, which is 2.5% on revenue against last year INR75.11 crores, which is 2.9% on revenue. With this, I would request to start the question- and- answer session, please. Moderator: Thank you. We will now begin the question and answer session. The first question comes from the line of Lakshminarayan K.G. with Tunga Investments. Please go ahead. Lakshminarayan K.G.: Yes, thank you. I just want to understand the Engineering business. There has been a strong traction in terms of growth. Can you just outline which subdivision is actually leading to this kind of a growth and what is the plan over the next couple of years? Because I see that there is a strong order book as well as you're making some investments on that front, that on the Engineering division. The second is I want to understand what has been the progress on the BLDC motors in terms of growth, either captive as well as an external. Then third is in terms of the motors in general, I mean, which is outside the BLDC for the automotive motors, what kind of capacity utilization or plan you have? These are the questions related to the motor division as well as Engineering division. I also have a question related to the steel division in terms of, are you planning to add more capacity into the steel division and where the steel division, who are the customers of steel division, and is it more captive or is it external? These are the questions related to the non-home appliances division. Thank you. Arup Das: This is Arup. I will take the question related to engineering division. As far as engineering division is concerned, we have achieved the budget in terms of top-line revenue as well as bottom line. This we expect to continue because we do not give guidance, but we expect to continue in the same fashion going forward if the market does not behave erratically or there is a sudden drop. We expect to continue the same growth pattern going forward. Your question related to other areas which we have focused and which is the area which has given us the growth. As far as our growth is concerned, it was mainly co [Showing first 8,000 characters — download PDF for full document]