Operational PerformanceEBITDA outperformed expectations, being 12% higher than provisional figures, showcasing the company's strong operational performance despite market challenges.
ProfitabilityThe improvement in profitability was driven by more favourable raw material costs and enhanced production efficiencies.
ValuationICF is now trading at 8.0x P/E FY25E (>35% below peers), offering a compelling entry point for a story that boasts solid fundamentals.