Ion Exchange (india) Ltd. · NSE:IONEXCHANG
Ion Exchange (india) — Q3 FY2026 Earnings Presentation
24 slides from Ion Exchange (india)'s earnings presentation, Feb 2, 2026
Slide 1: Covering letter to stock exchanges
February 2, 2026 To BSE Limited National Stock Exchange of India Limited The Corporate Relationship Dept. Exchange Plaza, C-1, Block- G, P.J. Towers, Dalal Street Bandra Kurla Complex, Bandra (East), Mumbai-400 001 Mumbai-400 051 Scrip Code: 500214 Symbol: IONEXCHANG Dear Sir/ Madam, Sub: Submission
Slide 2: Earnings Presentation – Q3/9M-FY26
EARNINGS PRESENTATION – Q3/9M-FY26
Slide 3: Executive Summary
Executive Summary • Ion Exchange (India) Ltd (Ion Exchange), formed in 1964, is a pioneer in water, wastewater treatment & environment solutions and caters to various industries, institutions, homes & communities. • Headquartered in Mumbai, the company has 8 manufacturing and assembly facilities acr
Slide 4: Company Overview
Company Overview • Ion Exchange was originally formed as a subsidiary of Permutit, UK in 1964. It became a wholly owned FY25 CONSOLIDATED REVENUE BREAKUP* Indian company in 1985. • The company has a global presence with diverse product portfolio, offering comprehensive water and Chemicals non-water
Slide 5: Q3/9M-FY26 Financial Highlights
Q3/9M-FY26 Financial Highlights Q3-FY26 Performance (Standalone) Q3-FY26 Performance (Consolidated) INR 6,689 Mn INR 562 Mn 8.40% 8.07% INR 7,344 Mn INR 593 Mn Operating Income Operating EBITDA Operating EBITDA Operating EBITDA Operating Income Operating EBITDA Margins Margins INR 241 Mn 3.60% INR 1
Slide 6: Q3/9M-FY26 Operational Highlights
Q3/9M-FY26 Operational Highlights ENGINEERING • The enquiry bank continues to be steady. There has been a sequential and year on year growth in order flow during the quarter, driven primarily by medium- sized opportunities. • During the quarter, the company secured two domestic contracts for solar p
Slide 7: Financial Overview
FINANCIAL OVERVIEW,
Slide 8: Quarterly Standalone Financial Performance
Quarterly Standalone Financial Performance INCOME STATEMENT (INR Mn) Q3-FY26 Q3-FY25 Y-o-Y Q2-FY26 Q-o-Q Operating Income 6,689 6,499 2.9% 6,782 (1.4)% Expenses 6,127 5,755 6.5% 6,174 (0.8)% Operating EBITDA 562 744 (24.5)% 608 (7.6)% Operating EBITDA Margins (%) 8.40% 11.45% (305) Bps 8.96% (56) Bp
Slide 9: Quarterly Standalone Segmental Breakup
Quarterly Standalone Segmental Breakup ENGINEERING (INR Mn) CHEMICALS (INR Mn) CONSUMER PRODUCTS (INR Mn) 4,173 4,044 R E 1,905 V 1,715 987 E 772 N U E Q3-FY25 Q3-FY26 Q3-FY25 Q3-FY26 Q3-FY25 Q3-FY26 Q3-FY25 Q3-FY26 499 E 400 284 B 249 I T (31) (34) Q3-FY25 Q3-FY26 Q3-FY25 Q3-FY26 8
Slide 10: YTD Standalone Financial Performance
YTD Standalone Financial Performance INCOME STATEMENT (INR Mn) 9M-FY26 9M-FY25 Y-o-Y Operating Income 18,650 17,550 6.3% Expenses 16,918 15,530 8.9% Operating EBITDA 1,732 2,020 (14.3)% Operating EBITDA Margins (%) 9.29% 11.51% (222) Bps Depreciation 392 293 33.8% Finance Cost 105 59 78.0% Other Inc
Slide 11: YTD Standalone Segmental Breakup
YTD Standalone Segmental Breakup ENGINEERING (INR Mn) CHEMICALS (INR Mn) CONSUMER PRODUCTS (INR Mn) 11,010 11,351 5,203 2,747 R 4,955 2,123 E V E N U E 9M-FY25 9M-FY26 9M-FY25 9M-FY26 9M-FY25 9M-FY26 741 733 1,413 1,348 9M-FY25 9M-FY26 E B I T (73) 9M-FY25 9M-FY26 9M-FY25 9M-FY26 (101) 10
Slide 12: Quarterly Consolidated Financial Performance
Quarterly Consolidated Financial Performance INCOME STATEMENT (INR Mn) Q3-FY26 Q3-FY25 Y-o-Y Q2-FY26 Q-o-Q Operating Income 7,344 6,905 6.4% 7,339 0.1% Expenses 6,751 6,151 9.8% 6,654 1.5% Operating EBITDA 593 754 (21.4)% 685 (13.4)% Operating EBITDA Margins (%) 8.07% 10.92% (285) Bps 9.33% (126) Bp
Slide 13: Quarterly Consolidated Segmental Breakup
Quarterly Consolidated Segmental Breakup ENGINEERING (INR Mn) CHEMICALS (INR Mn) CONSUMER PRODUCTS (INR Mn) 4,301 4,297 R 2,307 E 1,993 V 987 E 772 N U E Q3-FY25 Q3-FY26 Q3-FY25 Q3-FY26 Q3-FY25 Q3-FY26 Q3-FY25 Q3-FY26 523 431 E B 257 186 I T (29) (33) Q3-FY25 Q3-FY26 Q3-FY25 Q3-FY26 12
Slide 14: YTD Consolidated Financial Performance
YTD Consolidated Financial Performance INCOME STATEMENT (INR Mn) 9M-FY26 9M-FY25 Y-o-Y Operating Income 20,516 19,026 7.8% Expenses 18,614 16,946 9.8% Operating EBITDA 1,902 2,080 (8.5)% Operating EBITDA Margins (%) 9.27% 10.93% (165) Bps Depreciation 430 327 31.5% Finance Cost 131 99 32.3% Other In
Slide 15: YTD Consolidated Segmental Breakup
YTD Consolidated Segmental Breakup ENGINEERING (INR Mn) CHEMICALS (INR Mn) CONSUMER PRODUCTS (INR Mn) 6,380 2,747 11,485 12,039 R 5,956 2,123 E V E N U E 9M-FY25 9M-FY26 9M-FY25 9M-FY26 9M-FY25 9M-FY26 1,543 9M-FY25 9M-FY26 1,489 E 679 688 B I T (69) (98) 9M-FY25 9M-FY26 9M-FY25 9M-FY26 14
Slide 16: Historical Financial Overview
HISTORICAL FINANCIAL OVERVIEW
Slide 17: Historical Standalone Financial Performance
Historical Standalone Financial Performance INCOME STATEMENT (INR Mn) FY22 FY23 FY24 FY25 9M-FY26 Operating Income 15,094 18,923 21,800 25,401 18,650 Expenses 13,123 16,544 19,129 22,549 16,918 Operating EBITDA 1,971 2,379 2,671 2,852 1,732 Operating EBITDA Margins (%) 13.06% 12.57% 12.25% 11.23% 9.
Slide 18: Historical Standalone Balance Sheet
Historical Standalone Balance Sheet PARTICULARS (INR Mn) FY24 FY25 H1-FY26 PARTICULARS (INR Mn) FY24 FY25 H1-FY26 EQUITIES & LIABILITIES ASSETS Equity Non-Current Assets (A) Property, Plant and Equipment 2,149 2,414 4,809 (A) Equity Share Capital 147 147 147 (B) Capital Work-in-progress 607 3,170 2,
Slide 19: Historical Consolidated Financial Performance
Historical Consolidated Financial Performance INCOME STATEMENT (INR Mn) FY22 FY23 FY24 FY25 9M-FY26 Operating Income 15,769 19,896 23,479 27,371 20,516 Expenses 13,637 17,346 20,759 24,432 18,614 Operating EBITDA 2,132 2,550 2,720 2,939 1,902 Operating EBITDA Margins (%) 13.52% 12.82% 11.58% 10.74%
Slide 20: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet PARTICULARS (INR Mn) FY24 FY25 H1-FY26 PARTICULARS (INR Mn) FY24 FY25 H1-FY26 ASSETS EQUITIES & LIABILITIES Non-Current Assets Equity (A) Property, Plant and Equipment 3,018 3,280 5,770 (A) Equity Share Capital 142 142 142 (B) Capital Work-in-progress 607 3,178
Slide 21: Consolidated Financial Performance
Consolidated Financial Performance REVENUES (INR Mn) OPERATING EBITDA (INR Mn) PAT (INR Mn) 27,371 2,939 2,720 2,083 23,479 2,550 1,950 1,954 19,896 20,516 2,132 1,617 1,902 15,769 1,189 13.52% 12.82% 10.25% 9.80% 11.58% 10.74% 9.27% 8.32% 7.61% 5.80% FY22 FY23 FY24 FY25 9M-FY26 FY22 FY23 FY24 FY25
Slide 22: Market Data (Bloomberg – ION IN, Reuters – IONX.BO)
Market Data (Bloomberg – ION IN, Reuters – IONX.BO) 1 YEAR SHARE PRICE MOVEMENT (UP TO 31st December 2025) 20% 10% 0% -10% -20% -30% -40% -50% -60% Jan-25 Jan-25 Feb-25 Mar-25 Apr-25 May-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Oct-25 Nov-25 Dec-25 Ion Exchange Sensex PRICE DATA (As on 31st Dece
Slide 23: Disclaimer
Disclaimer Ion Exchange (India) Limited No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all e
Slide 24: Thank You
THANK YOU
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