ION Exchange shares jump 19% after bagging ₹503 crore order from Hyundai Engineering; check details

ION Exchange India shares rallied nearly 19% to an intraday high of ₹476.95 apiece on Friday, July 10, after the company said it has secured a significant order.

Worth almost ₹503 crore, the water supply and management company bagged an international contract by Hyundai Engineering & Construction Co., Ltd., for the supply of filtration units in the Middle East.

The company in a regulatory filing said that the project is scheduled to be executed over a period of 18 months.

Furthermore, this year in February, ION Exchange’s Oman subsidiary had won a contract from Petroleum Development Oman for the design, build, own, operation, and maintenance for a potable water facility and sewage treatment facility in the South PDO Concession area, aggregating to approximately ₹1,730 crore for a period of 20 years.

ION Exchange share price trends

At 2:10 PM, ION Exchange shares were trading at ₹472.35 apiece on the National Stock Exchange, soaring 17.44%. The stock is still down nearly 18% from its 52-week high of ₹580.75 touched on July 17, 2025.

From the beginning of the year, ION Exchange shares have gained 27%. Over a month’s time, the stock has climbed 40.5%, while it has jumped 38% in the last six months.

ION Exchange has a total market capitalisation of ₹6,935.13 crore as of July 10, 2026, according to data on the NSE.

ION Exchange Q4 FY26 earnings

ION Exchange had reported a decline of a 62% drop in its consolidated net profit at ₹24.14 crore for the quarter ended March 31, 2026 (Q4 FY26) as compared to ₹63.35 crore seen in the same quarter of the previous fiscal year.

Its revenue for the quarter under review increased by 3.4% year-on-year (YoY) to ₹863.27 crore.

The total operating expenditure grew 12.6% to ₹843.53 crore in Q4 FY26, while the interest cost and depreciation charges stood at ₹10.79 crore (up 3x YoY) and ₹19.60 crore (up 65.7% YoY), respectively.

ION Exchange is a leading player in the water and environment management solutions industry. The company offers services like raw water treatment, desalination, water treatment plant, urban and rural drinking water treatment, air treatment, waste to energy, industrial wastewater treatment, and more.