PRESS RELEASE IFGL RefractoriesQ1-FY16 Income at Rs.186crs Consolidated EBITDA margin at 14.0% with PAT margin at 8.2% Consolidated EBITDA margin up 430Bps Q-0-Q. 08" August, 2015, Kolkata — The Board of Directors of IFGL Refractories Limited (the Company) in ‘their meeting held today have announced Un-audited financial results both on standalone and consolidated basis for the quarter ended 30" June, 2015. Our Key Consolidated Highlights are as follows: Particulars (Rs.) ~~~ Quarter Ended ] anF206 Oirv2015 OaFvis Total income 185.8 205.2 195.4 | EBITDA i 21 310 190 EBITDA Margin 14.0% 15.1% | 9.7% Profit Before Tax 210 28 145 PAT rte 18.4 4 PAT Margin z 8.2% 9.0% 43% For the Quarter ended 30"June, 2015 the Company reported Consolidated Total Income of Rs.185.8Cr. EBITDA stood at Rs.26.1 Cr with a margin of 14.0%. The margins were aided by favourable currency gains. Profit after Tax came in at Rs.15.2 Cr with a margin of 8.2%, Consolidated Earnings per share is at Rs.4.40 per equity share. Subsidiary performance In the backdrop of challenging operational environment across geographies coupled with muted growth, subsidiaries performed satisfactorily. All the subsidiaries have reported stableperformance and are well positioned for better financial performance with expected improvement in World Economy Monocon Group, Company's UK operations, reported Income of GBP 6.18mn for Q1-FY16. EBIDTA ‘came in at GBP 0.35mn with a margin of 5.7%. PAT was recorded at GBP 0.22mn. Utilisation levels are continued to be improved at our plants while reducing Debt levels. Hoffman Ceramics, Company's German Business, reported Income of Euro 2.85mn for Q1-FY16. EBIDTA came in at Euro 0.36mn with a margin of 12.6% an improvement of 220Bps YoY. The increased servicing levels coupled with lower traded goods sales have improved financial efficiency. PAT was recorded at Euro 0.22mn with a margin of 7.7% Ei Ceramics, Company's USA Business, reported Income of $3.51mn for Q1-FY16. EBIDTA came in at $0.23mn with a margin of 6.4%. PAT was recorded at $0.07mn. Increased imports of Steel from China in USA, has led to lower production causing low utilization levels at plants. IFGL Exports, company’s Indian subsidiary focused on Exports market and operating in SEZ from Kandla in Gujarat, reported Income of Rs.11.3cr for Q1-FY16. EBIDTA came in at Rs.2.94cr with a margin of 26%. PAT was recorded at Rs.1.62cr with a margin of 14.3%. Favourable currencies in exports have led to better realisation. India Business performance (Standalone) Standalone Income stood at Rs.80.7cr, while EBITDA stood at Rs. 11.9cr with a margin of 14.7%. Profit after Tax was recorded at Rs.6.38cr for the quarter. Domestic sales increased 5% YoY. Earnings per share is at Rs.1.84 per equity share.Our India business continues to be stable. We have been able to successfully add clients in our portfolio resulting in moderate growth at a time when Steel Industry is facing multiple challenges. We remain hopeful of the Infrastructure focus of the Government of India and the benefits that will accrue to the Steel Industry. About IFGI Refractories IFGL Refractories is a leading manufacturer of specialized Refractories having manufacturing facilities in China, Germany, India, UK and USA. Krosaki Harima Corporation (a subsidiary of Nippon Steel Corporation, Japan) is the technology provider. Equity Shares are listed both on BSE limited and National Stock Exchange of India Limited For more information about IFGL Refractories, please visit www..ifglref.com Safe harbor statement Statements in this document relating to future status, events, or circumstances, including but not limited to statements about plans and objectives, the progress and results of research and development, potential project characteristics, project potential and target dates for project related issues are forward-looking statements based on estimates and the anticipated effects of future events on current and developing circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results. Actual results may iffer materially from those anticipated In the forward-looking statements. The company assumes no obligation to update forward-looking statements to reflect actual results changed assumptions or other factors. For further details please contact: Rajesh Agarwal, IFGL Refractories Limited, rajesh.agarwal@ifgl.in or Shogun Jain, Strategic Growth Advisors, CIN - U74140MH2010PTC204285, jshogun@sgapl.net