IFB Industries Limited

43 Crore

4 38 1i.o 8.4s 3 {t in Crore) 2468 75 3.O4 -55 -1.34 -t.is Growth in revenue in 5rd Quarter is {43 Crore which is a 4.5% increase over last year- Crowth looks flat due to lower than expectation revenue i

4.5%

t in Crore) 2468 75 3.O4 -55 -1.34 -t.is Growth in revenue in 5rd Quarter is {43 Crore which is a 4.5% increase over last year- Crowth looks flat due to lower than expectation revenue in Appliances Div

55 Crore

ced by 2o/o over last year due to commodity price going down which improved gross margin amount by t55 Crore and was aided by marginal hike in revenue. Operating expenses increased, based on higher travel co

48.71 Crore

operating expenses resulted in marginally higher PBDIT. l04l Balance Sheet Total borrowing was tI48.71 Crore as on Quarter end date including term loan amount of {l14.76 Crore. The break-up of the bonowing is

14.76 Crore

ance Sheet Total borrowing was tI48.71 Crore as on Quarter end date including term loan amount of {l14.76 Crore. The break-up of the bonowing is as follows: Borrowing {{ in Crore) ECB Rupee Term Loan Rupee

28.52 Crore

e) taken from SCB for our AC plant came down to its current position after making a pre-payment of t28.52 Crore in January 2O2l and five principal payments in October 2O21, January 2022, Aprll2O22,luly 2O22 and

70 Crore

rincipal payments in October 2O21, January 2022, Aprll2O22,luly 2O22 and October 2O22. Term Loan (T70 Crore) taken from DBS for our Engineering business was partly pre-paid in December 2O2A to reach a balanc

2.78 Crore

ere made during the year. ln addition, the Engineering Division made two pre-payments, a total of tI2.78 Crore in August and October 2022 which brought down the loan amount to tl0.85 Crore as on the last date o

0.85 Crore

ayments, a total of tI2.78 Crore in August and October 2022 which brought down the loan amount to tl0.85 Crore as on the last date of Quarter 3. 3 IOst Three instalments of Stamping Division Loan (T35 Crore)

35 Crore

.85 Crore as on the last date of Quarter 3. 3 IOst Three instalments of Stamping Division Loan (T35 Crore) taken from lClCl Bank were paid in May, August and November 2A27 to reach its current position of

29,75 Crore

taken from lClCl Bank were paid in May, August and November 2A27 to reach its current position of t29,75 Crore. Steel Division borrowed t3.45 Crore for their CapEx project till December 2O22. Against the afor

3.45 Crore

, August and November 2A27 to reach its current position of t29,75 Crore. Steel Division borrowed t3.45 Crore for their CapEx project till December 2O22. Against the aforesaid bonowing, as on 3l st December 2

“Steel Division borrowed t3.45 Crore for their CapEx project till December 2O22.”

“Production has been adjusted and the working capital utilisation will be improved by March 2025.”

“Further {9 Crore has been invested in January 2A23 and the balance will be paid soon-the plant is more or less ready and production will start in April 2025.”

“However, we feel that the overall demand in the medium term will remain stable and this will be driven by our continued efforts at expanding our presence in the channel networks led by distribution across lndia.”

“Going forward, this will improve margins.”

“ln this fiscal year, we will changeover a total of approximately thirty existing stores to the new design format (the next FY target will be an estimated -l50-200 stores to be changed to the new design).”

“We are focusing on increased customer service as well as the look and feel of our stores and throughput-we know where we need to expand, but this will be done once the improvements are complete.”

“2W demand will be flat or there may be a slight de-growth.”

“We aim to gain high shares in this segment and have started placing new models in the market.”

“This will be further supporred by the introduction of Front Load high-end models in the 9 and l0 Kg segment by the end of Q4 of FY 2022-23.”

The break-up of the bonowing is as follows

1

The break-up of the bonowing is as follows

Borrowing {{ in Crore) ECB Rupee Term Loan Rupee Term Loan Rupee Term Loan Rupee Term Loan Working Capital Buye/s Credit Working Capital Demand Loan Total 69.71 3.45 lo.8s 79.75 1.00 29.95 4.o 148.71 Standard Chartered Federal Bank AC Projeqt Steel Division DBS Bank lClClBank lClCl Bank SCB Federal Bank sion S-tamping Division Motor Division Home Appliances Steel Division Five Years Six Years Five Years leven Years Seven Years ECB Loan (Tl4l Crore) taken from SCB for our AC plant came down to its current position after making a pre-payment of t28.52 Crore in January 2O2l and five principal payments in October 2O21, January 2022, Aprll2O22,luly 2O22 and October 2O22. Term Loan (T70 Crore) taken from DBS for our Engineering business was partly pre-paid in December 2O2A to reach a balance of t47.lO Crore. Thereafter, principal payments were made during the year. ln addition, the Engineering Division made two pre-payments, a total of tI2.78 Crore in August and October 2022 which brought do