Categories AlphaGraphs, Earnings

IFB Industries Ltd Q2FY24; 8% fall in Profits

IFB Industries Limited originally known as Indian Fine Blanks Limited started its operations in India in 1974 in collaboration with Heinrich Schmid AG of Switzerland. It is engaged in the business of manufacturing diverse parts and accessories for motor vehicles etc. and home appliances products.

Financial Results:

  • IFB Industries Ltd reported Revenues for Q2FY24 of ₹1,101.00 Crores down from ₹1,118.00 Crore year on year, a fall of 1.52%.
  • Total Expenses for Q2FY24 of ₹1,075.00 Crores down from ₹1,085.00 Crores year on year, a fall of 0.92%.
  • Consolidated Net Profit of ₹22.00 Crores down 8.33% from ₹24.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹5.31, down 10.76% from ₹5.95 in the same quarter of the previous year.

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