ION Exchange (India) quarterly results and financials

ION Exchange (India) (IONEXCHANG)₹321.80+2.50%(9 Nov 2026 close)Water Supply & Management

Key facts

In the Jun 2026 quarter (consolidated), ION Exchange (India) reported sales of ₹701 Cr, up 20.1% from Jun 2025, and net profit of ₹3.07 Cr, down 93.7% year on year. For the year to Mar 2026, sales were ₹2,919 Cr and net profit ₹143 Cr.

Sales (Jun 2026): ₹701 Cr
Net profit (Jun 2026): ₹3.07 Cr
Sales (FY Mar 2026): ₹2,919 Cr
Net profit (FY Mar 2026): ₹143 Cr
EPS (Jun 2026): ₹0.29
Borrowings (Mar 2026): ₹481 Cr

Company filings, consolidated accounts; latest reported quarter Jun 2026

ION Exchange (India) quarterly results

₹ crore unless stated; each column is a quarter.

ION Exchange (India) Quarterly results
	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	534	555	783	569	646	692	835	584	736	735	864	701
Expenses	471	482	687	501	574	612	746	519	662	673	840	667
Operating Profit	60.26	70.43	91.81	64.04	68.10	75.29	85.45	62.40	68.31	59.06	19.70	31.64
OPM %	11.3%	12.8%	11.8%	11.3%	10.6%	11.0%	10.3%	10.7%	9.3%	8.1%	2.3%	4.5%
Other Income	10.61	9.41	16.79	11.39	14.47	8.88	14.78	18.13	14.57	−4.41	42.94	6.34
Interest	3.55	3.21	3.22	2.92	3.61	3.29	3.60	2.55	3.07	7.56	10.77	8.94
Depreciation	8.53	9.65	10.45	10.47	10.92	11.37	11.87	12.31	12.22	18.65	19.66	21.83
Profit before tax	59.00	67.23	95.29	62.37	68.40	69.82	85.20	66.01	67.95	28.69	32.52	7.41
Tax %	28.2%	29.6%	23.8%	28.1%	25.8%	28.8%	25.7%	26.5%	26.4%	28.3%	25.2%	58.6%
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	−11.98	0.00	0.00
Net Profit	42.40	47.26	72.49	44.82	50.63	49.62	63.25	48.46	49.96	20.58	24.30	3.07
EPS (Rs)	2.91	3.25	4.97	3.08	3.46	3.30	4.33	3.33	3.39	1.39	1.66	0.29

ION Exchange (India) profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

ION Exchange (India) Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	870	1,010	1,048	1,163	1,484	1,452	1,580	1,994	2,352	2,740	2,919	3,036
Expenses	807	932	962	1,048	1,338	1,238	1,356	1,724	2,064	2,430	2,693	2,842
Operating Profit	57.81	73.86	79.82	109	138	206	215	257	274	296	210	179
OPM %	7.0%	7.0%	8.0%	9.0%	9.0%	14.0%	14.0%	13.0%	12.0%	11.0%	7.0%	5.9%
Other Income	6.97	11.95	20.93	33.86	35.89	30.88	41.87	41.83	44.85	48.81	70.68	59.44
Interest	16.99	20.98	21.98	20.99	18.99	14.99	12.98	11.99	14.98	16.97	23.96	30.34
Depreciation	13.04	12.05	13.05	20.05	24.06	28.10	28.11	29.09	36.10	44.14	63.18	72.36
Profit before tax	35.04	54.01	66.03	102	131	195	217	259	269	285	195	137
Tax %	51.0%	46.0%	39.9%	34.9%	28.0%	27.0%	25.9%	25.0%	27.0%	27.0%	26.9%	—
Exceptional items	0.00	0.00	0.00	0.00	0.00	−1.99	0.00	0.00	0.00	0.00	−11.98	−11.98
Net Profit	17.01	29.03	40.04	66.03	94.07	143	162	195	195	208	143	97.91
EPS (Rs)	1.06	2.08	2.75	4.46	6.39	9.82	11.11	13.40	13.38	14.18	9.74	6.73
Dividend payout %	27.9%	16.0%	11.9%	9.9%	9.0%	10.0%	9.0%	9.0%	10.9%	10.0%	11.9%	—

ION Exchange (India) balance sheet

₹ crore, at each year end.

ION Exchange (India) Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	14.03	14.03	14.03	14.03	14.03	14.04	14.04	14.03	14.03	14.04	14.03	14.04
Reserves	142	156	153	186	247	350	493	642	820	1,005	1,196	1,327
Borrowings	85.83	89.78	111	165	110	122	61.86	54.84	58.91	152	322	481
Other Liabilities	435	455	687	697	793	893	871	910	1,042	1,265	1,443	1,552
Total Liabilities	677	714	965	1,062	1,162	1,380	1,440	1,621	1,936	2,436	2,975	3,374
Fixed Assets	85.02	103	99.01	145	161	194	190	192	215	367	392	755
CWIP	13.99	1.99	34.04	7.01	11.99	12.01	15.02	20.01	42.01	61.02	323	175
Investments	1.99	1.99	2.99	3.98	4.98	4.98	4.98	8.96	9.96	11.96	12.94	15.94
Other Assets	576	606	829	907	985	1,169	1,231	1,400	1,668	1,995	2,245	2,429
Inventories	78.80	80.69	129	101	130	134	128	180	221	236	298	440
Trade receivables	358	363	416	437	424	502	449	508	698	936	1,134	1,076
Cash & equivalents	25.96	32.99	168	263	290	373	504	536	548	588	466	319
Total Assets	677	714	965	1,062	1,162	1,380	1,440	1,621	1,936	2,436	2,975	3,374

ION Exchange (India) cash flow

₹ crore, for each year.

ION Exchange (India) Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	45.06	50.04	176	86.16	127	102	197	91.07	63.10	130	32.06	−28.06
Cash from investing activity	−16.95	−24.91	−74.79	−166	−69.80	−16.94	−26.91	−92.70	−40.84	−159	−164	−43.86
Cash from financing activity	−29.01	−16.99	−2.99	31.01	−78.97	−27.99	−75.01	−27.01	−14.99	8.01	128	99.96
Net cash flow	−1.01	8.01	98.04	−49.99	−21.99	55.99	96.08	−28.03	6.01	−22.01	−4.01	27.01
Capex	16.97	29.96	44.94	28.97	30.96	31.94	29.97	49.94	59.91	120	319	254
Free cash flow	29.03	21.04	132	57.07	96.19	70.14	167	42.08	3.01	10.01	−287	−281
CFO / OP %	113.0%	111.0%	270.0%	143.0%	147.0%	100.0%	119.0%	75.0%	53.0%	74.0%	35.0%	17.0%

ION Exchange (India) ratios

Working-capital days and returns, by year.

ION Exchange (India) Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	164	153	151	153	133	124	113	118	128	145	151	135
Inventory days	55	53	68	55	65	51	52	70	65	59	63	87
Days payable	220	214	205	196	206	187	218	201	161	173	164	176
Cash conversion cycle	−1	−8	13	12	−8	−12	−53	−13	32	32	51	45
Working capital days	5	3	−48	−72	−64	−51	−53	−27	5	16	33	53
ROCE %	16.0%	19.9%	27.0%	27.0%	33.0%	34.9%	40.0%	36.0%	34.0%	26.9%	21.9%	14.0%

ION Exchange (India): frequently asked questions

What are the latest quarterly results of ION Exchange (India)?

For the Jun 2026 quarter, ION Exchange (India) reported sales of ₹701 Cr, up 20.1% year on year and net profit of ₹3.07 Cr, down 93.7% year on year. The operating margin was 4.5%.

What is the annual revenue of ION Exchange (India)?

ION Exchange (India)'s sales for the year to Mar 2026 were ₹2,919 Cr; over the last twelve months they were ₹3,036 Cr.

What is the net profit of ION Exchange (India)?

Net profit for the year to Mar 2026 was ₹143 Cr, and ₹97.91 Cr over the last twelve months. Earnings per share over the same trailing period were ₹6.73.

How much debt does ION Exchange (India) have?

ION Exchange (India) reported borrowings of ₹481 Cr at Mar 2026, against cash and equivalents of ₹319 Cr.

What is the free cash flow of ION Exchange (India)?

Cash from operations was −₹28.06 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹281 Cr.

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