Results - Announcements
IP Rings Ltd share price inched up 4.98% to Rs 142.35 after the company's net profit fell 14.94% to Rs 1.31 crore, while revenue from operations gained 10.13% to Rs 105.76 crore in Q2FY27 over Q2FY26.
The market capitalization of Auto Components & Equipments industry group stocks on BSE stood at Rs 12.78 lakh crore, heading higher 10.16%. It has improved by 3.03% over last one week and crept higher by 1.40% in last one month while the market capitalization of IP Rings Ltd has edged up by 11.12% and 5.60% in the same period respectively.
Profit before tax (PBT) of IP Rings Ltd stood at Rs 1.76 crore in Q2 FY27, surging by 79.59% year-on-year, and dropping 13.30% quarter-on-quarter. EBITDA came in at Rs 9 crore, jumping 32.50% YoY and rising 6.63% sequentially.
Total expenses increased by 10.45% to Rs 101.11 crore in Q2FY27 over Q2FY26. During the quarter, cost of materials consumed stood at Rs 43.32 crore, soaring by 30.60% YoY, while employee benefits expense was at Rs 11.06 crore, ticking higher by 0.09% YoY.
For FY26, revenue from operations advanced 11.01% to Rs 336.79 crore, while net profit plunged by 138.83% to Rs 1.72 crore, compared to previous FY. EBITDA surged by 1842% to Rs 23.64 crore, and PBT collapsed by 149.39% to Rs 2.83 crore compared to previous FY.
The company's consolidated net cash flow from operating activities stood at Rs 8.36 crore in FY26, as against Rs 19.39 crore in FY25.
IP Rings Ltd ticked higher by 0.44% in last one year, outperforming the benchmark BSE Sensex which has eased by 3.03% during the same period.