IFB Industries Q1 Profit Up 37.54 Cr, Revenue Rises 16.9% - Business News

By By Rediff Money Desk, New Delhi
Jul 27, 2024 18:44
IFB Industries reported a consolidated net profit of Rs 37.54 crore for Q1 FY24-25, driven by growth in engineering and home appliances businesses. Revenue increased by 16.87% to Rs 1,269.16 crore.
New Delhi, Jul 27 (PTI) IFB Industries Ltd on Saturday reported a consolidated net profit of Rs 37.54 crore for the first quarter ended in June 2024, helped by the engineering and home appliances business.

The company had posted a consolidated net loss of Rs 0.62 crore in the April-June quarter a year ago, according to a regulatory filing from IFB Industries.

Its revenue from operations was up 16.87 per cent to Rs 1,269.16 crore during the quarter under review. It was Rs 1,085.91 crore in the year-ago period. Total expenses of IFB Industries in the June quarter were up 12.24 per cent to Rs 1,222.14 crore.

IFB Industries' revenue from home appliances was up 18.6 per cent to Rs 1,023.63 crore in Q1 of FY 2024-25. Revenue from the engineering segment was up 9.37 per cent to Rs 210.21 crore. Revenue from the ‘motor' segment was at Rs 16.51 crore and Rs 45.58 crore from steel.

Its total income, which includes other income, in the June quarter was up 16.7 per cent to Rs 1,276.25 crore.

IFB Industries, earlier known as Indian Fine Blank Ltd, operates through associate companies and divisions, such as Home Appliances, Fine Blanking & Motor, IFB Automotive, and IFB Agro & Travel Systems.
Source: PTI
Read More On:
ifb industriesq1 resultsprofitrevenuehome appliancesengineeringfinancial resultsbusiness newsindian companies
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

RBI Directs...
RBI Directs IndusInd Bank to Complete Remedial...

The Reserve Bank of India has directed IndusInd Bank to complete remedial action this...

India's Forex...
India's Forex Reserves Surge by USD 15.26 Billion

India's foreign exchange reserves rose sharply by USD 15.26 billion in the week ended...

IMF Satisfied with Pakistan's Economic Measures...

The IMF mission in Pakistan has expressed satisfaction with the country's progress on...

India's Deal...
India's Deal Activity Surges to Record USD 7.2...

India's deal activity reached a record high of USD 7.2 billion in February, driven by...

Wipro Reorganizes Business for AI, Cloud Focus

Wipro restructures its Global Business Lines to cater to client needs, emphasizing AI,...

TN Budget: 'Progressive' & Inclusive -...

The Madras Chamber of Commerce welcomes the Tamil Nadu budget, highlighting its...

Tamil Nadu Budget: Rs 20k E-Scooter Subsidy for...

Tamil Nadu's 2025-26 Budget includes a Rs 20,000 subsidy for 2,000 gig workers to buy...

Tripura Palace to Become Taj Hotel: CM

Tripura government signs MoU with IHCL to convert Pushpabanta Palace into a 5-star Taj...

Brigade Enterprises Targets Rs 2,700 cr Revenue...

Brigade Enterprises launches 'Brigade Eternia' in Yelahanka, Bengaluru, aiming for Rs...

Signature Global to Invest Rs 4,000 Cr in...

Signature Global plans to invest Rs 4,000 crore in two new housing projects in...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2025 Rediff.com