Ion Exchange share price slumps 10% to over 2-year low post Q3 results

Ion Exchange (India) share price today

Ion Exchange (India) share price fell over 10 per cent on Friday after the company reported a decline in net profit in the December quarter (Q3FY26). The scrip declined as much as 10.33 per cent to ₹322.10, the lowest level since April 26, 2023 on the National Stock Exchange (NSE). 

The counter has seen a trade of 0.5 million shares on the National Stock Exchange (NSE) so far. The company had a market capitalisation of ₹4,955.13 crore. 

As of 10:46 AM, Ion Exchange (India) stock was trading 5.22 per cent down at ₹340.75, as compared to a 8.86 per cent advance in the Nifty 50 index.   

 

In the last 12 months, Ion Exchange (India) share price fell 39.02 per cent, as compared to a 0.45 per cent decline in the Nifty 50 index.  CATCH STOCK MARKET UPDATES TODAY LIVE

Why did Ion Exchange (India) share price fall today?

Ion Exchange (India) slumped in Friday's session as sentiment for the stock turned bleak after its net profit declined over 58 per cent year-on-year (Y-o-Y) in the December quarter (Q3FY26). The consolidated net profit fell 58.5 per cent to ₹20.56 crore from ₹49.59 crore in the same quarter a year ago (Q3FY25).

 

Due to the changes in the labour code, Ion Exchange (India) also incurred an exceptional loss of ₹16.95 crore in the third quarter, the company said in its exchange filing.  Meanwhile, Ion Exchange (India) said its consolidated revenue from operations increased 6.4 per cent on year to ₹734.44 crore during the December quarter, from ₹690.51 crore in Q3FY25. Check details of Ion Exchange (India) Q3 results

  During the third quarter, Ion Exchange (India) bagged orders worth ₹205 crore from Rayzon Energy Private Limited and INOX Solar Limited. The orders are for ultra-pure water generation, wastewater treatment with an effluent treatment plant, and zero liquid discharge systems. The company intends to complete the orders within a nine and 10 months periods, respectively, according to a separate exchange filing.  ALSO READ | Vodafone Idea surges 13% on heavy volumes; what's driving telecom stock?

Ion Exchange stock: Technical view

Ion Exchange (India) shares have been underperforming for the last year or more, trading in a lower-high and lower-low formation below its key moving averages across multiple timeframes, said Vipin Kumar, assistant vice president, derivatives and technical research, Globe Capital Market. 

At the current juncture, it has reached an important price support zone at the ₹320–₹300 levels. Therefore, the possibility of a bounce-back toward the ₹360–₹370 levels cannot be ruled out. Sustained trading above ₹370 would mark the beginning of a consolidation phase, which would be a positive sign going forward, he added. 

 

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