IFB Industries Ltd. Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015
January 29, 2016 at 08:20 pm IST
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IFB Industries Ltd. reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, the company reported profit from operations before other income, interest and exceptional item of INR 50.4 million, profit from ordinary activities before tax of INR 56.0 million and net profit for the period of INR 64.8 million or INR 1.60 per basic and diluted per share before and after extraordinary items on total income from operations of INR 4,124.8 million against profit from operations before other income, interest and exceptional item of INR 125.1 million, profit from ordinary activities before tax of INR 190.6 million and net profit of INR 263.4 million or INR 3.90 per basic and diluted per share before and after extraordinary items on total income from operations of INR 3,304.4 million reported for the same period a year ago. EBITDA was INR 180.4 million against INR 286.5 million a year ago. Book value per share as at December 31, 2015 was INR 102.05 against INR 93.31 December 31, 2014. Net cash from operating activities was INR 464.7 million against INR 382.3 million a year ago. Net purchase of fixed assets (including intangible assets, CWIP) was INR 196.4 million against INR 237.3 million a year ago.
For the nine months period, the company reported profit from operations before other income, interest and exceptional item of INR 253.8 million, profit before tax of INR 298.4 million and net profit of INR 485.5 million or INR 6.50 per basic and diluted per share before and after extraordinary items on total income from operations of INR 11,324.3 million against profit from operations before other income, interest and exceptional item of INR 534.0 million, profit before tax of INR 630.4 million and net profit of INR 263.4 million or INR 11.98 per basic and diluted per share before and after extraordinary items on total income from operations of INR 9,346.0 million reported for the same period a year ago. EBITDA was INR 666.5 million against INR 832 million a year ago. Net cash from operating activities was INR 201.2 million against INR 513.6 million a year ago. Net purchase of fixed assets (including intangible assets, CWIP) was INR 481.5 million against INR 498.7 million 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.