IFB Industries Ltd. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2011
January 27, 2012
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IFB Industries Ltd. reported unaudited earnings results for the third quarter and nine months ended December 31, 2011. For the quarter, the company reported net sales/income from operations of INR 2,301 million, profit from ordinary activities before tax of INR 110.6 million and net profit of INR 107.6 million or INR 3.04 basic and diluted EPS after extraordinary items against net sales/income from operations of INR 2,080.1 million, profit from ordinary activities before tax of INR 291.6 million and net profit of INR 202.5 million or INR 5.71 basic and diluted EPS after extraordinary items for the same period a year ago. Profit from operations before other income, interest and exceptional items was INR 81.8 million against INR 252.9 million for the same period a year ago.
For the nine months, the company reported net sales/income from operations of INR 5,827.4 million, profit from ordinary activities before tax of INR 312.6 million and net profit of INR 262.1 million or INR 7.39 basic and diluted EPS after extraordinary items against net sales/income from operations of INR 5,027.7 million, profit from ordinary activities before tax of INR 538.2 million and net profit of INR 367.1 million or INR 10.40 basic and diluted EPS after extraordinary items for the same period a year ago. Profit from operations before other income, interest and exceptional items was INR 262.8 million against INR 482.9 million for the same period 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.