Slide 1: Regulation 30 disclosure cover letter
12th August, 2025 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
Slide 2: IFGL Refractories Limited Investor Presentation Q1FY26
IFGL Refractories Limited Investor Presentation Q1FY26 - August 2025
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 Q1FY26 Performance Highlights 02 IFGL Refractories at a Glance 03 Historical Performance Highlights Agenda 04 Annexure
Slide 5: Management Commentary
Management Commentary Commenting on the Q1FY26 performance of the company Mr. James McIntosh, Managing Director for IFGL Refractories Limited Said, “During the quarter, our consolidated Total Income grew by 8% to ₹457 crores, while our standalone business reported a 12% increase in Total Income, dri
Slide 6: Q1FY26 Standalone Performance Highlights
Q1FY26 Standalone Performance Highlights Total Revenue (Rs. Crs) EBITDA (Rs. Crs) PAT (Rs. Crs) Key Highlights +12% -15% -33% 278 44 22 ✓ In Q1FY26, our standalone revenue from 248 38 operations stood at ₹275 crores, reflecting a 15 strong year-on-year growth of 14%, while total standalone revenue i
Slide 7: Q1FY26 Standalone Geography wise Performance
Q1FY26 Standalone Geography wise Performance Standalone Revenue from Domestic Revenue (Rs. Crs) Exports Revenue (Rs. Crs) Operations (Rs. Crs) Key Highlights +32% +14% -22% ✓ Revenue for Q1FY26 stood at ₹275 crores, 213 80 275 reflecting a strong 14% year-on-year 242 161 63 growth. ✓ Our domestic bu
Slide 8: Standalone Profit & Loss Statement
Standalone Profit & Loss Statement Profit & Loss [Rs. Crs.] Q1FY26 Q1FY25 Y-o-Y% Q4FY25 Q-o-Q% FY25 Total Income 278.2 248.3 12% 273.0 2% 1,013.9 Raw Material 148.3 119.3 144.2 522.3 Gross Profit 129.9 129.1 1% 128.8 1% 491.6 Gross Profit % 46.7% 52.0% 47.2% 48.5% Employee Expenses 28.0 23.1 25.4 98
Slide 9: Q1FY26 Consolidated Performance Highlights
Q1FY26 Consolidated Performance Highlights Total Revenue (Rs. Crs) EBITDA (Rs. Crs) PAT (Rs. Crs) Key Highlights +8% -26% -56% ✓ Total revenue for Q1FY26 stood at ₹457 457 53 25 crores, registering a year-on-year growth of 421 8%. 39 ✓ EBITDA for the quarter was ₹39 crores, 11 reflecting a 26% year-
Slide 10: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Profit & Loss [Rs. Crs.] Q1FY26 Q1FY25 Y-o-Y% Q4FY25 Q-o-Q% FY25 Total Income 457.0 421.5 8% 452.2 1% 1670.4 Raw Material 237.4 203.0 230.6 827.1 Gross Profit 219.6 218.5 0% 221.6 -1% 843.4 Gross Profit % 48.1% 51.8% 49.0% 50.5% Employee Expenses 76.5 66.5 76.4 2
Slide 11: New Projects
New Projects Products Capex Estimated Expected to be Location Current Status Category (Rs in cr) Operational Khurdha (Greenfield) Dolomite Bricks 300-350 crores End of FY28 Project Kicked off Gujarat (Bhachau – Green field Basic Bricks 300 crores FY29 Under regulatory approval process IFGL - Marvel
Slide 12: Agenda
Table of Content 01 Q1FY26 Performance Highlights 02 IFGL Refractories at a Glance 03 Historical Performance Highlights Agenda 04 Annexure
Slide 13: 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 14: 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 15: 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 16: 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 15
Slide 17: 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 18: 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 19: Global Presence
Global Presence From state-of-the-art Manufacturing Facilities at 10 global locations to Sales & Marketing network across 50+ countries, IFGL enjoys global recognition as a provider of quality refractory solutions to our customers. Our strategic presence across the world creates a valuable competiti
Slide 20: Board of Directors
Board of Directors Shishir Kumar Bajoria Chairman Shishir Kumar Bajoria, son of Late B P Bajoria, fondly known as SKB, is a well-known Indian industrialist. He is the Promoter of S K Bajoria Group and is engaged in diversified business activities like manufacturing of Specialised Refractories for th
Slide 21: Board of Directors
Board of Directors James McIntosh Arasu Shanmugam Managing Director Director & CEO India Arasu comes with 30+ years of experience in the refractories James McIntosh, holder of a Master’s Degree in Technological industry. A Post-Graduate (M.Tech.) in Ceramic Technology Marketing, has experience of mo
Slide 22: Board of Directors
Board of Directors Sudhamoy Khasnobis D G Rajan Board Member Board Member Sudhamoy Khasnobis, an Engineering Graduate, is a career D.G. Rajan is a Fellow of the Institute of Chartered banker with broad and diversified experience in development Accountants in England & Wales and of India. He was a ba
Slide 23: A Global Player in Refractories..
A Global Player in Refractories..
Slide 24: 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 25: 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 24
Slide 26: 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 27: A Responsible Corporate..
A Responsible Corporate..
Slide 28: Sustainability
Sustainability As a responsible corporate entity, IFGL constantly strives to drive sustainability through a holistic approach. From understanding the true essence of sustainable actions, to establishing the tiers of responsibility and integrating justifiable elements at every stage, sustainability i
Slide 29: Sustainability
Sustainability Ensuring The Welfare Of All Stakeholders Through the implementation of the latest safety protocols, production parameters and efficient processes, IFGL ensures that the health & well-being of our employees or our esteemed customers are never put at any risk. The robust safety culture,
Slide 30: Social Responsibility
Social Responsibility Maintaining a seamless balance between business, sustainability, and growth has always been a priority at IFGL. Through nurturing the latent potential of our people, and ensuring smooth integration with Mother Nature, we have established mutual uniqueness of the two. As a respo
Slide 31: Agenda
Table of Content 01 Q1FY26 Performance Highlights 02 IFGL Refractories at a Glance 03 Historical Performance Highlights Agenda 04 Annexure
Slide 32: Consolidated Historical Financial Highlights
Consolidated Historical Financial Highlights Total Income (Rs. Crs) EBITDA (Rs. Crs) Profit After Tax (Rs. Crs) 1,658.3 1,670.4 212.8 81.7 77.5 79.2 1,399.7 175.9 166.1 65.6 1,275.4 158.5 146.0 1,042.5 43.0 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24# FY25 FY21 FY22 FY23 FY24 FY25 #Before One-off p
Slide 33: Consolidated Historical Profit & Loss Statement
Consolidated Historical Profit & Loss Statement Particulars [Rs. Crs.] FY25 FY24 FY23 FY22 FY21 Total Income 1670.4 1,658.3 1,399.7 1,275.4 1,042.5 Materials consumed 827.1 831.5 722.8 614.6 474.0 Employee Expenses 281.2 250.3 194.8 173.9 151.8 Other Expenses 416.2 363.7 316.0 328.4 240.8 EBITDA bef
Slide 34: Consolidated Historical Balance Sheet Statement
Consolidated Historical Balance Sheet Statement Assets (in Rs. Crs.) Mar-25 Mar-24 Mar-23 Mar-22 Mar-21 Equity & Liabilities (in Rs. Crs.) Mar-25 Mar-24 Mar-23 Mar-22 Mar-21 Non-Current Assets 667.4 652.2 589.8 480.9 456.4 Equity 1,107.0 1,072.1 1005.0 934.0 890.5 Fixed Assets Share Capital 36.0 36.
Slide 35: Creating sustainable value for Shareholders
Creating sustainable value for Shareholders Total Debt (Rs. Crs) Cash & Equivalents (Rs. Crs) Net Debt (Rs. Crs) FY21 FY22 FY23 FY24 FY25 202.4 321.9 163.0 262.7 33.0 148.5 194.3 202.1 169.4 -39.1 87.1 -45.9 51.6 -175.6 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 -270.3 Net Debt : Equity (x) N
Slide 36: Key Consolidated Historical Ratios
Key Consolidated Historical Ratios Working Capital (Rs. Crs) Inventories (Rs. Crs) Receivables (Rs. Crs) 528.3 404.7 349.8 359.4 465.7 325.0 446.5 302.0 300.7 272.0 344.2 259.4 228.2 241.0 167.8 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 Return on Equity (%) Return on
Slide 37: Consistent Dividend Payout
Consistent Dividend Payout 100.0% 70.0% 70.0% 70.0% 70.0% 25.0% 25.0% FY19 FY20 FY21 FY22 FY23 FY24 FY25 Particulars (Rs.) FY19 FY20 FY21 # FY22 FY23 FY24 FY25 Consolidated Book Value Per Share 220.5 224.5 247.1 259.2 278.9 297.5 307.2 Consolidated Earning Per Share 14.0 11.1* 23.8* 21.5 21.9 22.66
Slide 38: Agenda
Table of Content 01 Q1FY26 Performance Highlights 02 IFGL Refractories at a Glance 03 Historical Performance Highlights Agenda 04 Annexure
Slide 39: 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 40: Global Steel Demand Outlook
Global Steel Demand Outlook In MT Emerging Markets & Developing World India World (Ex China) economies (Ex- China & India) +0.1% +8.2% +2.3% +6.8% 1,767 1,751 1,772 143 156 871 882 911 239 255 133 224 2023 2024F 2025F 2023 2024F 2025F 2023 2024F 2025F 2023 2024F 2025F ➢ Global outlook: ▪ As per WSA,
Slide 41: Top Steel Consuming Countries
Top 5 Steel Consuming Countries In MT 2023 2024F 2025F -2.0% 895.7 868.8 860.1 +8.2% 155.6 132.8 143.4 +0.3% 90.5 89.2 91.0 -0.2% -2.2% 53.3 52.2 53.1 52.4 50.4 50.1 China India United States Japan South Korea India is expected to maintain its strong momentum, with robust growth in steel demand from
Slide 42: 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. Vatsal Shah mansi.damani@ifgl.in sagar.shroff@sgapl.net / vatsal.shah@sgapl.net +91 98205 19303 /