Ifb Industries Limited Reports Earnings Results for the Fourth Quarter Ended March 31, 2021
June 14, 2021 at 09:57 am EDT
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IFB Industries Limited announced earnings results for the fourth quarter ended March 31, 2021. For the fourth quarter, the company announced total revenue was INR 8,321.4 million compared to INR 5,109.1 million a year ago. Net income was INR 77.1 million compared to net loss of INR 194.9 million a year ago. Basic earnings per share from continuing operations was INR 1.91 compared to basic loss per share from continuing operations of INR 4.81 a year ago. For the full year, total revenue was INR 28,231.6 million compared to INR 26,494.7 million a year ago. Net income was INR 632.4 million compared to INR 274.1 million a year ago. Basic earnings per share from continuing operations was INR 15.61 compared to INR 6.76 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.