IFGL Refractories Limited

18%

formance this quarter reflects steady growth and resilience. On a consolidated basis, revenue grew 18% year-on-year, supported by strong traction across key markets. While our raw material basket was i

10%

e, we expect stability going forward. Despite these challenges, we delivered growth with EBITDA up 10% and PAT up 5%, demonstrating disciplined execution and operational strength. Consolidated EBITDA

5%

ability going forward. Despite these challenges, we delivered growth with EBITDA up 10% and PAT up 5%, demonstrating disciplined execution and operational strength. Consolidated EBITDA margins stood

8.2%

emonstrating disciplined execution and operational strength. Consolidated EBITDA margins stood at 8.2%, compared to 8.8% in the same period last year. The decline was primarily due to higher raw materi

8.8%

iplined execution and operational strength. Consolidated EBITDA margins stood at 8.2%, compared to 8.8% in the same period last year. The decline was primarily due to higher raw material costs, product

12%

hich remain firmly on track. Despite these near- term pressures, our standalone business reported a 12% increase in Total Income and maintained healthy 13% margins, driven by robust 27% domestic revenue

13%

pressures, our standalone business reported a 12% increase in Total Income and maintained healthy 13% margins, driven by robust 27% domestic revenue growth. The Indian steel sector continues to expand

27%

iness reported a 12% increase in Total Income and maintained healthy 13% margins, driven by robust 27% domestic revenue growth. The Indian steel sector continues to expand steadily, providing a favorab

25%

ean operations are showing encouraging signs of recovery, while our U.S. business delivered nearly 25% revenue growth, supported by strong demand and favorable tariffs. We remain confident that our str

3%

Performance Highlights Total Revenue (Rs. Crs) EBITDA (Rs. Crs) PAT (Rs. Crs) +12% 567 506 -3% 78 75 +12% 257 288 +12% 33 37 +9% 14 15 -17% 36 30 Q2FY25 Q2FY26 H1FY25 H1FY26 Q

9%

Crs) EBITDA (Rs. Crs) PAT (Rs. Crs) +12% 567 506 -3% 78 75 +12% 257 288 +12% 33 37 +9% 14 15 -17% 36 30 Q2FY25 Q2FY26 H1FY25 H1FY26 Q2FY25 Q2FY26 H1FY25 H1FY26 Q2FY25 Q2FY

17%

(Rs. Crs) PAT (Rs. Crs) +12% 567 506 -3% 78 75 +12% 257 288 +12% 33 37 +9% 14 15 -17% 36 30 Q2FY25 Q2FY26 H1FY25 H1FY26 Q2FY25 Q2FY26 H1FY25 H1FY26 Q2FY25 Q2FY26 H1FY25 H1

“No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.”

“While our raw material basket was impacted by volatile input costs, product mix changes, and lower export offtake, we expect stability going forward.”

“For the first half of FY26, total revenue grew by 12% YoY to for the reach ₹567 crores.”

“For the first half of FY26, total revenue grew by 13% YoY to reach ₹948 crores.”

“300 crores FY29 Under regulatory approval process With our new product capabilities, we anticipate scaling the business further, unlocking efficiencies and enhancing operating leverage over the long term.”

“We will be intellectually honest, ethical and uphold the highest standards of moral principles and governance.”

“All our long-term and short-term decisions pertaining to manufacturing, services and deliveries will be made considering customer needs, with speed and agility.”

“CORE VALUES Sustainable Growth We will grow responsibly by ensuring environment, safety and economic sustainability.”

“16 Our Ethos y t i l i b a t i f o r P By adhering to the core values of our company, we will be the supplier of choice for our customers.”

“22 Board of Directors Sudhamoy Khasnobis Board Member Sudhamoy Khasnobis, an Engineering Graduate, is a career banker with broad and diversified experience in development banking and project finance, structured finance, investment banking and loan origination, stressed assets management and workouts.”

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Kalunga Shilpanchal Bidyalaya

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Investor Relations Advisor

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Website

https://ifglgroup.com/ and shall be available at link https://ifglgroup.com/investor/investor-presentation/. Thanking you, Yours faithfully, For IFGL Refractories Ltd. (Mansi Damani) Company Secretary E Mail: mansi.damani@ifgl.in Encl: As above IFGL REFRACTORIES LIMITED Head & Corporate Office: McLeod House 3 Netaji Subhas Road, Kolkata 700 001, India Tel: +91 33 4010 6100 | Email: ifgl.ho@ifgl.in CIN: L51909OR2007PLC027954 www.ifglgroup.com Registered Office: Sector B, Kalunga Industrial Estate P.O. Kalunga, Dist. Sundergarh, Odisha 770 031, India Tel: +91 661 266 0195 | Email: ifgl.works@ifgl.in IFGL Refractories Limited Investor Presentation Q2FY26 - November 2025 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 basis or be relied on i

Kalunga Shilpanchal Bidyalaya

Infrastructure Overview Free Homeopathy Health Check -up Camp Food – kit distribution to TB Patients Science Exhibition Block / District & State level Participation Eye Check-up Camp 31 Table of Content 01 Q2 & H1FY26 Performance Highlights 02 IFGL Refractories at a Glance Agenda 03 Historical Performance Highlights 04 Annexure Consolidated Historical Financial Highlights Total Income (Rs. Crs) EBITDA (Rs. Crs) Profit After Tax (Rs. Crs) 1,658.3 1,670.4 212.8 77.5 79.2 81.7 1,399.7 1,275.4 1,042.5 175.9 158.5 166.1 65.6 146.0 43.0 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24# FY25 FY21 FY22 FY23 FY24 FY25 #Before One-off provision 33 Consolidated Historical Profit & Loss Statement Particulars [Rs. Crs.] Total Income Materials consumed Employee Expenses Other Expenses EBITDA before Exceptional Item EBITDA Margins (%) before Exceptional Item Exceptional Item (Provision for Doubtful Debt) Reported EBITDA Depreciation & Amortization Goodwill amortized* Finance Cost Profit before Tax Tax Pr

Investor Relations Advisor

IFGL Refractories Ltd. CIN - L51909OR2007PLC027954 Mrs. Mansi Damani mansi.damani@ifgl.in www.ifglgroup.com Strategic Growth Advisors Pvt. Ltd. CIN - U74140MH2010PTC204285 Mr. Sagar Shroff / Mr. Vatsal Shah sagar.shroff@sgapl.net / vatsal.shah@sgapl.net +91 98205 19303 / +91 88796 59884 www.sgapl.net