IFB Industries shares plunge 18% as net profit declines 23% YoY to ₹24 crore; check Q3 results

This comes after the fine-blanked tools, components, and related machinery manufacturer reported its earnings for the third quarter of the 2025-26 financial year (Q3 FY26).

The stock was trading 15.06% higher at ₹1,147.70 per equity share at around 11:03 am.

The scrip has lost 13% in the past week and more than 25% over the month. On a year-to-date basis, it has slumped 23%.

While the share reached a 52-week high of ₹2,019.80 per unit on October 31, 2025, and a year’s low of ₹1,060 on February 28, 2025.

Q3 results

The company reported a 23% year-on-year (YoY) decline in its consolidated net profit to ₹23.94 crore in the December quarter of FY26, compared to ₹31.09 crore in the same period of the previous fiscal year.

The implementation of the new labour codes impacted the firm’s bottom line (net profit), it said in a regulatory filing.

“Accordingly, an incremental liability of ₹13.38 crore has been recognised as an ‘exceptional item’ during the quarter and nine months ended 31 December 2025,” it added.

Its revenue from operations, however, jumped 11.27% annually to ₹1,412.54 crore during the quarter under review, as against ₹1,269.52 crore in the third quarter of the 2024-25 fiscal year (Q3FY25).

On a segment-wise level, its revenue from the home appliances vertical stood at ₹1,117.71 crore in Q3FY26, marking a % YoY rise from ₹1,071.78 crore in the year-ago period.

The Kolkata-based company posted a 17.36% annual increase in its revenue from the engineering business to ₹258.55 crore for the reporting quarter, compared to ₹220.31 crore in Q3 of the previous fiscal year.

Its revenue from the motor segment advanced by 22.56% YoY to ₹18.69 crore in the December quarter of the current fiscal year, from ₹15.25 crore in Q3FY25.

Furthermore, its steel vertical revenue stood at ₹47.71 crore, reflecting a 2.29% annual growth from ₹46.64 crore.

IFB Industries has a total market capitalisation of ₹4,666.14 crore, as of January 27, 2026, according to data on the NSE.