IFB Industries Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2024
Published on 10/26/2024 at 10:53
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IFB Industries Limited reported earnings results for the second quarter and six months ended September 30, 2024. For the second quarter, the company reported sales was INR 12,193.3 million compared to INR 11,009 million a year ago. Revenue was INR 12,320.6 million compared to INR 11,069.8 million a year ago. Net income was INR 314.1 million compared to INR 215.3 million a year ago. Basic earnings per share from continuing operations was INR 7.76 compared to INR 5.31 a year ago.
For the six months, sales was INR 24,884.9 million compared to INR 21,868.1 million a year ago. Revenue was INR 25,083.1 million compared to INR 22,006.7 million a year ago. Net income was INR 689.5 million compared to INR 209.1 million a year ago. Basic earnings per share from continuing operations was INR 17.02 compared to INR 5.16 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, stamping 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.
