IFB Industries Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2024
Published on 01/28/2025 at 06:30
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IFB Industries Limited reported earnings results for the third quarter and nine months ended December 31, 2024. For the third quarter, the company reported sales was INR 12,695.2 million compared to INR 11,608.3 million a year ago. Revenue was INR 12,735.7 million compared to INR 11,679 million a year ago. Net income was INR 310.9 million compared to INR 174.5 million a year ago. Basic earnings per share from continuing operations was INR 7.67 compared to INR 4.31 a year ago.
For the nine months, sales was INR 37,580.1 million compared to INR 33,476.4 million a year ago. Revenue was INR 37,818.8 million compared to INR 33,685.7 million a year ago. Net income was INR 1,000.4 million compared to INR 383.6 million a year ago. Basic earnings per share from continuing operations was INR 24.69 compared to INR 9.47 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.
