Slide 1: Regulation 30 disclosure cover letter to exchanges
10th August, 2026 National Stock Exchange of India Ltd BSE Limited 'Exchange Plaza', C-1, Block- G Phiroze Jeejeebhoy Towers Bandra - Kurla Complex Dalal Street Bandra (E), Mumbai 400 051 Mumbai 400 001 Code: IFGLEXPOR Code:540774 Dear Sir/Madam, Re: Disclosure under Regulation 30 of SEBI (Listing O
Slide 2: IFGL Refractories Limited Investor Presentation Q1FY27
IFGL Refractories Limited Investor Presentation Q1FY27 - August 2026
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), prepared by IFGL Refractories Limited (the “Company”), are solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the
Slide 4: Agenda
Table of Contents 01 Q1FY27 Performance Highlights 02 IFGL Refractories at a Glance 03 Historical Performance Highlights Agenda 04 Annexure
Slide 5: Management Commentary
Management Commentary Commenting on the Company’s Q1FY27 performance, Mr. Mihir Bajoria, Managing Director of IFGL Refractories Limited, said: “Q1FY27 was a quarter of resilient execution for IFGL, as we navigated a mixed operating environment across our key markets. While demand in domestic busines
Slide 6: Q1FY27 Standalone Performance Highlights
Q1FY27 Standalone Performance Highlights Total Revenue (Rs. Crs) EBITDA (Rs. Crs) Adj. PAT (Rs. Crs) Key Highlights +7% -17% +7% ✓ Revenue: Revenue for Q1FY27 278 299 38 16 grew by 7% YoY, compared with 15 31 Q1FY26, reflecting healthy overall business performance. ✓ Gross Margin: Gross margins were
Slide 7: Q1FY27 Standalone Geography wise Performance
Q1FY27 Standalone Geography wise Performance Standalone Revenue from Domestic Revenue (Rs. Crs) Exports Revenue (Rs. Crs) Key Highlights Operations (Rs. Crs) +7% +9% +8% ✓ Domestic revenue for Q1FY27 stood 228 69 297 at Rs. 228 crore, compared with Rs. 213 63 275 213 crore in Q1FY26. Growth remained
Slide 8: Standalone Profit & Loss Statement
Standalone Profit & Loss Statement Profit & Loss [Rs. Crs.] Q1FY27 Q1FY26 Y-o-Y% Total Income 298.7 278.2 7.4% Raw Material 170.3 148.3 Gross Profit 128.4 129.9 -1.2% Gross Profit % 43.0% 46.7% Employee Expenses 28.7 28.0 Other Expenses 68.3 64.2 EBITDA 31.4 37.7 -16.8% EBITDA % 10.5% 13.5% Deprecia
Slide 9: Q1FY27 Consolidated Performance Highlights
Q1FY27 Consolidated Performance Highlights Key Highlights Total Revenue (Rs. Crs) EBITDA (Rs. Crs) PAT (Rs. Crs) ✓ Our consolidated revenue for +13% +2% +58% Q1FY27 stood at Rs. 515 crore, registering a healthy growth of 13% 515 39 40 17 457 YoY compared to Q1FY26 11 ✓ We delivered strong double-dig
Slide 10: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Profit & Loss [Rs. Crs.] Q1FY27 Q1FY26 Y-o-Y% Total Income 515.1 457.0 12.7% Raw Material 270.2 237.4 Gross Profit 244.9 219.6 11.5% Gross Profit % 47.5% 48.1% Employee Expenses 84.5 76.5 Other Expenses 120.7 104.1 EBITDA 39.7 39.0 1.8% EBITDA % 7.7% 8.5% Depreci
Slide 11: Agenda
Table of Content 01 Q4 & FY26 Performance Highlights 02 IFGL Refractories at a Glance 03 Historical Performance Highlights Agenda 04 Annexure
Slide 12: IFGL Refractories at a Glance (1/2)
IFGL Refractories at a Glance (1/2) ❖ IFGL is one of the fastest growing brands in the global refractory industry. We offer a wide range of specialised refractory products and operating systems for our products to our customers worldwide. About ❖ With 10 strategically located manufacturing units acr
Slide 13: IFGL Refractories at a Glance (2/2)
IFGL Refractories at a Glance (2/2) ❖ We have a diverse technical workforce, a large pool of trained engineers and application specialists who understand the importance of their roles in ensuring that About our company delivers success to customers through state-of-the-art technology. IFGL Refractor
Slide 14: Our Core Values
Our Core Values Integrity Agility & Customer Focus We will do the right thing even when no one is Our customers are the ultimate judge of our watching. We will be intellectually honest, performance and the quality of our products ethical and uphold the highest standards of and services. All our long
Slide 15: Our Ethos
Our Ethos By adhering to the core values of our company, we will be the supplier of choice for our customers. Corporate Image Respectability Sustainability Profitability Growth Agility and Sustainable Innovation Integrity People-First Customer Focus Growth 14
Slide 16: About Group Companies
About Group Companies Our group companies comprise IFGL Refractories and its subsidiaries, all operating in specialised refractories and operating-systems segment. With manufacturing capability across 10 locations across Asia, Europe and North America, we enjoy strategic supply edge to cater to cust
Slide 17: About Group Companies
About Group Companies Hofmann Ceramic GmbH was founded in 1937. For over 9 decades, the company has been laying down the benchmark in high-quality ceramic manufacturing. Skilled workforce, latest technologies, and quality adherence to design, manufacturing & installation of products, as per the exac
Slide 18: Refractories Solutions Worldwide
REFRACTORIES SOLUTIONS WORLDWIDE CHINA UNITED STATES INDIA UNITED GERMANY ● Tiajin OF AMERICA ■ Kolkata (HO) KINGDOM ● Brietscheid-Erdbach ● Michigan ● Kandla ●Sheffield ● Ohio ● Rourkela ●Doncaster ● Vizag Map not to scale. All data, information and maps are provided “as is” without warranty or any
Slide 19: Management Team
Management Team Shishir Bajoria Mihir Prakash Bajoria Chairman Managing Director 18
Slide 20: Management Team
Management Team Mukesh H Rawal Manoj Rakhecha Rajesh Agarwal Director & CEO India* Chief Executive Officer - Monocon Director - General Counsel Thorsten Reuther Graham Carson Amit Agarwal Managing Director – Hofmann Ceramic President – El Ceramics LLC Chief Financial Officer Presently President – Mo
Slide 21: A Global Player in Refractories..
A Global Player in Refractories..
Slide 22: Key Product Portfolio
Key Product Portfolio Tap Hole Sleeve & Block Tap Hole Mass Hot Patching Mass Pre Tap Plugs Precast Roof Slag Dart Machines EBT Tap Hole Sleeve & Block Slag Dart Refractories Tap hole ramming mass Delta Castable & Dart Machine Accessories Tundish Lining Tundish Tundish Flow Modifiers Slide Gate Refr
Slide 23: Key Product Portfolio
Key Product Portfolio Coil Coating Mass Neutral Ramming Mass Purging Refractories Sub Entry Nozzle / Shroud Tundish Covering Compound Burner Blocks Casting Flux Precast Hearth and Skid Blocks Tundish Metering Nozzle Ladle Well Filler EBT Filling Mass Precast Skid Pipe Cladding 22
Slide 24: Solutions Offerings - Foundry
Solutions Offerings - Foundry Foundry With more than seventy years of experience our group company Hofmann Ceramic GmbH provides innovative solutions and technical ceramics products related to the foundry industry, and is the specialist in the field of mold filling and solidification. We support cus
Slide 25: A Responsible Corporate..
A Responsible Corporate..
Slide 26: Sustainability
Sustainability Sustainability at IFGL At IFGL, sustainability is not a passing trend — it’s ingrained in our purpose and everyday operations. As a responsible multinational with over four decades of leadership in flow-control refractories, we align industrial progress with environmental consciousnes
Slide 27: Sustainability
Sustainability Smart Energy for a Low-Carbon Future We actively reduce our carbon footprint through intelligent energy use — deploying Variable Frequency Drives (VFDs), LED lighting with astronomical timers, transparent roofing for natural illumination, and solar power generation across our plants i
Slide 28: Social Responsibility
Social Responsibility Driving Positive Change Beyond Business At IFGL, sustainability extends beyond our operations — it’s about creating meaningful impact in the lives of people and the environment around us. Our CSR activities are rooted in compassion, inclusion, and shared growth. Community Well-
Slide 29: Agenda
Table of Content 01 Q4 & FY26 Performance Highlights 02 IFGL Refractories at a Glance 03 Historical Performance Highlights Agenda 04 Annexure
Slide 30: Consolidated Historical Financial Highlights
Consolidated Historical Financial Highlights Total Income (Rs. Crs) EBITDA (Rs. Crs) Profit After Tax (Rs. Crs) 1,904.0 212.8 81.7 77.5 79.2 1,658.3 1,670.4 166.1 1,399.7 158.5 1,275.4 146.0 145.8 43.0 39.9 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24# FY25 FY26 FY22 FY23 FY24 FY25 FY26* #Before One-off
Slide 31: Consolidated Historical Profit & Loss Statement
Consolidated Historical Profit & Loss Statement Particulars [Rs. Crs.] FY26 FY25 FY24 FY23 FY22 Total Income 1,904.0 1,670.4 1,658.3 1,399.7 1,275.4 Materials consumed 989.1 827.1 831.5 722.8 614.6 Employee Expenses 324.6 281.2 250.3 194.8 173.9 Other Expenses 444.6 416.2 363.7 316.0 328.4 EBITDA be
Slide 32: Consolidated Historical Balance Sheet Statement
Consolidated Historical Balance Sheet Statement Assets (in Rs. Crs.) Mar-26 Mar-25 Mar-24 Mar-23 Mar-22 Equity & Liabilities (in Rs. Crs.) Mar-26 Mar-25 Mar-24 Mar-23 Mar-22 Non-Current Assets 684.3 667.4 652.2 589.8 480.9 Equity 1,174.9 1,107.0 1,072.1 1005.0 934.0 Fixed Assets Share Capital 72.1 3
Slide 33: Balance Sheet Evolution Supporting Future Growth
Balance Sheet Evolution Supporting Future Growth Total Debt (Rs. Crs) Cash & Equivalents (Rs. Crs) Net Debt (Rs. Crs) FY22 FY23 FY24 FY25 FY26 202.4 195.6 262.7 163.0 73.7 148.5 194.3 202.1 33.0 169.4 87.1 121.9 -45.9 -39.1 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 -175.6 Net Debt : Equity (
Slide 34: Key Consolidated Historical Ratios
Key Consolidated Historical Ratios Working Capital (Rs. Crs) Inventories (Rs. Crs) Receivables (Rs. Crs) 604.4 404.7 411.4 425.1 528.3 349.8 359.4 465.7 446.5 325.0 302.0 300.7 259.4 272.0 344.2 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 Return on Equity (%) Return on
Slide 35: Consistent Dividend Payout
Consistent Dividend Payout 70.0% 70.0% 70.0% 70.0% Maintained shareholder returns while allocating capital towards high-return growth capex opportunities. 21.5% FY22 FY23 FY24 FY25 FY26 Particulars (Rs.) FY22 FY23 FY24 FY25 FY26* Consolidated Book Value Per Share 259.2 278.9 297.5 307.2 163.0 Consol
Slide 36: Agenda
Table of Content 01 Q4 & FY26 Performance Highlights 02 IFGL Refractories at a Glance 03 Historical Performance Highlights Agenda 04 Annexure
Slide 37: Growth drivers of Indian Steel industry
Growth drivers of Indian Steel industry Infrastructure development and demand from the various sectors Huge export opportunity for India due to its low cost advantage & Centre aims at covering refractories in PLI 2.0 to support steel industry Growth Drivers will boost usage of In Union Budget it is
Slide 38: Global Steel Demand Outlook
Global Steel Demand Outlook In MT Emerging Markets & Developing World India World (Ex China) economies (Ex- China & India) +1.3% +8.3% +3.0% +1.3% 1,718 1,724 1,762 172 187 922 940 978 414 416 430 160 2025 2026F 2027F 2025 2026F 2027F 2025 2026F 2027F 2024 2026F 2027F ➢ Global outlook: ▪ Global stee
Slide 39: Top Steel Consuming Countries
Top 5 Steel Consuming Countries In MT 2025 2026F 2027F -0.8% 796.0 784.1 784.1 +8.3% 187.4 159.8 171.6 +1.9% 90.9 92.4 94.3 +0.7% +0.7% 48.0 47.9 48.7 43.6 43.7 44.2 China India United States Japan South Korea India is expected to maintain its strong momentum, with robust growth in steel demand from
Slide 40: Thank You
Thank You Company: Investor Relations Advisor: IFGL Refractories Ltd. Strategic Growth Advisors Pvt. Ltd. CIN - L51909OR2007PLC027954 CIN - U74140MH2010PTC204285 Mrs. Mansi Damani Mr. Sagar Shroff / Mr. Prabjeet Singh Tank mansi.damani@ifgl.in sagar.shroff@sgapl.net / prabjeet.singh@sgapl.net +91 98