Ifb Industries Limited Reports Earnings Results for the Third Quarter Ended December 31, 2020
January 28, 2021 at 06:16 am EST
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IFB Industries Limited announced earnings results for the third quarter ended December 31, 2020. For the third quarter, the company announced total revenue was INR 9,604.500 million compared to INR 7,231.600 million a year ago. Net income was INR 686.600 million compared to INR 148.300 million a year ago. Basic earnings per share was INR 16.94 compared to INR 3.67 a year ago. For the nine months, total revenue was INR 19,910.200 million compared to INR 21,385.600 million a year ago. Net income was INR 555.300 million compared to INR 469.000 million a year ago. Basic earnings per share was INR 13.7 compared to INR 11.57 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 