IFB Industries Limited Reports Earnings Results for the First Quarter Ended June 30, 2022
July 28, 2022 at 09:04 am EDT
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IFB Industries Limited reported earnings results for the first quarter ended June 30, 2022. For the first quarter, the company reported sales was INR 10,674 million compared to INR 5,720.4 million a year ago. Revenue was INR 10,717.3 million compared to INR 5,757.9 million a year ago. Net income was INR 19 million compared to net loss of INR 412.5 million a year ago. Basic earnings per share from continuing operations was INR 0.47 compared to basic loss per share from continuing operations of INR 10.18 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 
