IFB Industries Limited
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0executives
Key numbers — 40 extracted
151 crore
2 crore
30 crore
1%
13 crore
5.05 crore
6.45 crore
159.73 crore
33.52 crore
41 crore
728.32 crore
47.10 crore
Guidance — 20 items
Break-up of borrowing is as follows
opening
“lo5l 2 We have reduced the Working Capital debt as compared to the previous Quafter and the balance Buyer's Credit utilised of t22 crore from SCB will be paid off by December 2A22.”
Break-up of borrowing is as follows
opening
“This will be delivered by the end of 2A22.This initiative will be used to significantly improve creditor positions and also improve cash positions in operations.”
Break-up of borrowing is as follows
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“The overall demand scenario in the medium term remains healthy and there is continued growth in demand for higher-end capacities.”
Break-up of borrowing is as follows
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“The pressure on input commoditieslmaterial costs will reduce from the 3rd Quarter onwards and this will help improve margins going forward.”
Break-up of borrowing is as follows
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“There will be a shift from the current models/volume segments to newer star ratings and price points over the 3rd and 4th quarters.”
Break-up of borrowing is as follows
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“This will be completed by the end of FY 22-23.”
Break-up of borrowing is as follows
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“As far as 2-wheeler demand is concerned, it will be stifled in the coming Quarter.”
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“We aim to take a higher share of this segment and have begun placing new models in the market.”
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“This will be further supported with an introduction of high-end models in the 9 Kg and 10 Kg segments by the end of the 5rd Quarter of FY '22-'25.”
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“We have customised this category by introducing red, yellow and mocha coloured themes, which will be unique combinations of washers and dryers offered to consumers.”
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Risks & concerns — 4 flagged
The pressure on input commoditieslmaterial costs will reduce from the 3rd Quarter onwards and this will help improve margins going forward.
— Break-up of borrowing is as follows
The introduction of the new energy norms in the air-conditioning segment have been in a transition period in the 2nd Quarter, which has resulted in a slowdown of the market.
— Break-up of borrowing is as follows
A decline in COVID-I9 cases has also helped the economy remain stable.
— Break-up of borrowing is as follows
This is in line with our target decided while taking over the Stamping Division from IFB Automotive in August 2019 ' However, we are delayed by 3 years, mainly due to the impact of the COVID-'l9 pandemic, which affected the output of OEMs.
— Break-up of borrowing is as follows
Speaking time
1
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Opening remarks
Break-up of borrowing is as follows
Borrowing ECB Rupee Term Loan Rupee Term Loan Rupe e Term Loan Rupee Term Loan 78.42 Standard Chartered o.42 22.18 1.1.'!,0 L00 0.61 Federal Bank bes ei"k lClCl Bank lclat il;k Federal Bank Steel Division Five Years Engineering Division Five Years Stamping Division Seven Years Seven Years Motor Division Steel Division Home Appliances Steel Division SCB Federal Bank 21.44 4.16 159.73 Cash Credit Facility Working Capital Buyer's Credit Working Capital Demand Loan Total ECB Loan (tl41 crore) taken from SCB for our AC plant came down to its cunent position after making a pre-payment of 728.32 crore in January 2O21 and four principal payments in October 2O21 , )anuary 2O22, April 2O22 and )dy 2A22. Term loan (t7O crore) taken from DBS for our Engineering business was partly pre-paid in December 2A2A 6 reach a balance of t47.10 crore. Thereafter, principal payments were made during the year and the curent balance is722.18 crore. However, the Engineering Division made another pre-payment of {
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