IFB Industries Q4FY18 profit surges 10 times

IFB Industries reported its results for the quarter ended March 31, 2018. The company’s consolidated revenue for the quarter came in at Rs. 541.89 crore, registering 13.9 per cent yoy increase.

EBITDA for the quarter rose by 282.4 per cent yoy to Rs. 37.7 crore with a corresponding margin expansion of 488 bps. EBITDA margin for the quarter stood at 7 per cent. The PAT for the quarter came in at Rs. 19.75 crore vs just Rs. 1.93 crore in the corresponding quarter last year.

Looking at the full year numbers, we see that revenue jumped by 18 per cent to reach Rs. 2,258.72 crore while EBITDA rose by 55 per cent to Rs. 155.58 crore. The company reported net profit of Rs. 79.28 crore, up 54 per cent yoy.

IFB Industries Limited is engaged in engineering and manufacturing of diverse parts and accessories for motor vehicles. The company is also engaged in the business of manufacturing and trading of home appliances and manufacturing of fine blanking components.

On Tuesday, the stock opened at Rs. 1,358.55 and touched an intraday high and low of Rs. 1,385.90 and Rs. 1,309.30, respectively and finally closed at Rs. 1,325 on the BSE.