IFB Industries Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
May 28, 2024 at 10:15 pm IST
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IFB Industries Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 10,902 million compared to INR 10,101.5 million a year ago. Revenue was INR 11,016.4 million compared to INR 10,194.4 million a year ago. Net income was INR 120 million compared to net loss of INR 99.4 million a year ago. Basic earnings per share from continuing operations was INR 2.96 compared to basic loss per share from continuing operations of INR 2.45 a year ago.
For the full year, sales was INR 44,378.4 million compared to INR 41,949.9 million a year ago. Revenue was INR 44,702.1 million compared to INR 42,177.4 million a year ago. Net income was INR 503.6 million compared to INR 149.4 million a year ago. Basic earnings per share from continuing operations was INR 12.43 compared to INR 3.69 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 
