IFB Industries Ltd. Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012
January 30, 2013 at 08:03 am
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IFB Industries Ltd. reported unaudited earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported net sales/income from operations of INR 2,633.1 million against INR 2,301.0 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 135.8 million against INR 81.8 million a year ago. Profit from ordinary activities before tax was INR 163.8 million against INR 110.6 million a year ago. Net profit for the period was INR 119.9 million against INR 107.6 million a year ago. Basic and diluted earnings per share after extraordinary items were INR 2.96 against INR 3.04 a year ago.
For the nine months, the company reported net sales/income from operations of INR 6,867.8 million against INR 5,827.4 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 313.6 million against INR 262.8 million a year ago. Profit from ordinary activities before tax was INR 385.4 million against INR 312.6 million a year ago. Net profit for the period was INR 273.6 million against INR 262.1 million a year ago. Basic and diluted earnings per share after extraordinary items were INR 6.98 against INR 7.39 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.