Ion Exchange stock tanks 8% as Q1 net profit sinks 92%  

Shares of Ion Exchange tanked 8% in early deals on Thursday after the water and environment management firm reported a weak set of Q1 earnings. Ion Exchange share price crashed 8% to Rs 382.60 compared to the previous close of Rs 416.20.Market cap of the firm slipped to Rs 5,689 crore. Ion Exchange stock has slipped 7% in a week and 14% in a year. The firm reported a 92% fall in Q1 net profit to Rs 4.1 crore against Rs 48.70 crore in the year ago period.

However, in Q1 of the current fiscal, Ion Exchange reported a 20% rise in revenue to Rs 700.46 crore compared to Rs 583.19 crore revenue in the corresponding quarter of previous fiscal 
Earnings per share slipped to Rs 0.347 in the last quarter against Rs 4.108 in Q1 of the previous fiscal.

EBITDA slipped 49.25% YoY to Rs 31.74 crore but rose 60% QoQ. EBITDA Margin came at 4.53% in Q1 against 10.72% in Q1FY26 and 2.30% in Q4FY26.

Ion Exchange (India) Ltd. is a provider of comprehensive water and environment management solutions. The company operates across the entire water cycle, including pre-treatment, process water treatment, waste water recycling, and zero liquid discharge.