Categories Earnings

Earnings Summary Of IFB Industries Limited For Q3 FY23

IFB Industries Limited (NSE: IFBIND) is a leading Indian consumer goods company that manufactures and sells a wide range of products, including home appliances, automotive components, and fine blanked components. The company’s home appliance business is its largest revenue driver, with a portfolio of products that includes washing machines, air conditioners, and refrigerators.

For the quarter ended December 31, 2022, IFB Industries reported a consolidated revenue of ₹999.16 crore, representing a YoY growth of 5%. The company’s Net profit for the quarter narrows to ₹1.14 Crore from ₹3.21 Crore year on year.

The company’s home appliances business reported a revenue of ₹771.88 crore for the quarter, representing a flat growth from same quarter previous year. The company’s Engineering & Steel business reported a revenue of ₹198.26 crore & ₹34.66 crore for the quarter, respectively.

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