IFB Industries Ltd's Q4FY18 consolidated net profit rises 923.32% yoy to Rs19.75cr : In-line with Estimates

The company’s consolidated revenue stood at Rs541.89cr, up 23.77% yoy.

May 29, 2018 10:05 IST India Infoline Research Team

IFB Industries Ltd Q4FY18

Consolidated Results Q4FY18: (Rs. in cr)

Q4FY18 YoY (%)
Revenue 541.89 23.8
EBITDA 37.70 282.4
EBITDA Margin (%) 6.96 471
Net Profit (adjusted) 19.75 923.3
***EBITDA margin change is bps


Reco. Price


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IFB Industries’ Q4FY18 sales grew by ~24% yoy to Rs541.9cr. EBITDA increased 3.8x to Rs37.7cr as compared to Rs9.9cr in Q4FY17. Other income increased by 86% yoy to Rs7.8cr. Net profit after tax increased to Rs19.8cr in Q4FY18 vs Rs1.9cr in Q4FY17. The net profit attributable to shareholders was Rs20.4cr vs 3.1cr in Q4FY17.
  • Raw material cost as a proportion to sales has declined from 58.4% in Q4FY17 to 54.2% in Q4FY18. Employee cost too declined proportionately. Strong sales, decline in cost and low base in Q4FY17 led to strong EBITDA growth.
  • Strong operating performance and other income increase led to ten-fold jump in net profit in Q4FY18.
  • Home appliances segment sales grew at a lower rate by 10.5% yoy to Rs423.4cr. EBIT margin in the segment improved to 5.2% in Q4FY18 vs 0.9% in Q4FY17. 
  • Engineering segment sales were up by 29% yoy to Rs106.8cr and EBIT margin for the segment improved from 5.4% in Q4FY17 to 11.8% in Q4FY18.
  • Others’ segment sales were up by 50.6% yoy to Rs21.0cr, while the company reported a loss of Rs1.3cr at the EBIT level. 

Technical View:

IFB Industries Ltd is currently trading at Rs1,325, down by 46.5 points or 3.39% from its previous closing of Rs1,371.50 on the BSE. The scrip opened at Rs1,358.55 and has touched a high and low of Rs1,385.90 and Rs1,309.30 respectively. So far 48,643 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 100 DMA.

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