IFB Industries Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2021
October 30, 2021 at 08:18 am EDT
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IFB Industries Limited reported earnings results for the second quarter and six months ended September 30, 2021. For the second quarter, the company reported sales was INR 9,897.8 million compared to INR 7,372.6 million a year ago. Revenue was INR 9,947.1 million compared to INR 7,399 million a year ago. Net income was INR 245.9 million compared to INR 318.7 million a year ago. Basic earnings per share from continuing operations was INR 6.07 compared to INR 7.87 a year ago.
For the six months, sales was INR 15,618.2 million compared to INR 10,246.5 million a year ago. Revenue was INR 15,705 million compared to INR 10,305.7 million a year ago. Net loss was INR 166.6 million compared to INR 131.3 million a year ago. Basic loss per share from continuing operations was INR 4.11 compared to INR 3.24 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 
