IFB Industries Ltd. Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016
January 31, 2017 at 11:16 am
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IFB Industries Ltd. reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, the company reported net sales/income from operations of INR 4,495.1 million against INR 4,074.9 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 190.3 million against INR 50.4 million a year ago. Profit from ordinary activities before tax was INR 208.5 million against INR 56.0 million a year ago. Net profit for the period was INR 155.8 million or INR 3.85 per basic and diluted share before and after extraordinary items against INR 64.8 million or INR 1.60 per basic and diluted share before and after extraordinary items for the same period a year ago.
For the nine months, the company reported net sales/income from operations of INR 12,965.9 million against INR 11,168.8 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 552.7 million against INR 253.8 million a year ago. Profit from ordinary activities before tax was INR 607.5 million against INR 298.4 million a year ago. Net profit for the period was INR 482.9 million or INR 11.92 per basic and diluted share before and after extraordinary items against INR 263.4 million or INR 6.50 per basic and diluted share before and after extraordinary items for the same period a year ago.
IFB Industries Limited is an India-based engineering company. The Company is engaged in the business of manufacturing diverse parts and accessories for motor vehicles and manufacture and trading of home appliances products. The Companyâs product range includes fine blanked components, tools, and related machine tools, such as straighteners, decoilers, strip loaders and others. Its washing categories include front loaders, top loading washing machines, clothes dryers and dishwashers, and dish washing and laundry equipment. Its kitchen appliances category includes products like chimneys, hobs, and built-in ovens. Its engineering divisions are located in Kolkata and Bangalore. Its accessories include cover, cut out, Aqua Appliance, iQ Wifi Smart Control for IFB Air Conditioners, Stacking Mount Unit, IVS 1454A, and IVS 1455A. It serves various customers, including hotels, restaurants, hospitals, government establishments, corporates, and educational institutions.
IFB INDUSTRIES LIMITED 
