IFB Industries Limited
7,202words
3turns
0analyst exchanges
0executives
Key numbers — 40 extracted
rs,
150.60 crore
97.24 crore
rs
52.28
41 crore
43.57 crore
8.71 crore
17,75 crore
55 crore
26.75 crore
9.96 crore
249.77 crore
Guidance — 20 items
Break-up of this is as follows
opening
“The Steel Division borowed t9.96 crore for their Capex project tillJune zO?3.”
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“However, we anticipate completing the improvement by September 2O25.”
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“However, we remain optimistic about the medium-term demand scenario, expecting stabi I ity, Our Company's focus remains on expanding our presence in channel networks through distributlon across lndia and strengthening our position in chain counters nationwide" Material rosts, which started decreasing in Q4, have further reduced in Ql, leading to improved margins.”
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“We are actively working on right-sizing our cost areas, aiming to complete this by the end of Qj in this financial year.”
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“We are curently implementing this program to transition all existing stores to the new design and expect to complete this process by the end of the fiscal year.”
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“This trend is expected to continue in the next Quarter due to a high waiting period and the upcoming festive season.”
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“We aim to achieve high mad<et shares in this segment, focusing on extracting more from existing counters in this category.”
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“Additionally, lnverter technology will be introduced in high-end models by Qa of FY '73-'24.”
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“To enhance this category, we are introducing colour themes in Red, Yellow and Mocha, which will be available in Q2 of FY'23J74.”
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“Furthermore, we have planned to upgrade this category with Heat Pump technology by the end of FY'23-'74 and this will be ready for ma*et introduction in the early part of the nexr fiscal year.”
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Risks & concerns — 5 flagged
lnitially, we aimed to improve this by the end of June, but market slowdown hindered the liquidation process.
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a7 lHffi Home Appliances Division During the Ql period, the market faced stress due to unseasonal rains and stockpile build-ups in the channel.
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' However, the demand for EV vehicles experienced a decline in this Quarter.
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15 Flnenciel nep"rt iiid ,mn " Dishwashers The domestic dishwasher segrnent has experienced a decline in demand compared to previous Quarters.
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However, there is cunently a slowdown in the Hospitality segrnent compared to qs and e4 of the previous year.
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Speaking time
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Opening remarks
Please find the Conference call dial in Numbers
Primary No Local No : +9L22 6280 1304 : +9t 22 TILS 8205 This is for your kind information and records Thanking you, Yours Faithfully, FoT IFB INDUSTRIES LIMITED Ritesh Agarwal (Company Secretary) Encl:As above Registered office : 14, Taratolla Road. Kr.rlkata. 700 088, lndia, Tel : (91) (33) 304s g2gglg21l,Fax : (91) (33124AA57g/304g9230 E-rnail : reply@)ifbglobal.com, CIN : L51 1 ogWB 1 9Z4PLC02963Z ilFTT lf * lnriustrir$ Limited Financial Report Quarter Ended 3oth June,7A23 tlrlt" Trend for the Quarter Revenue ({ in Crore) 1 Operating PTofiVEBDITA ({ in Crore} \ \ \ \ / / / / rY ''lg-'20 FY '2o'-'21 FY '22-'23 FY '23-'24 FY '21-'22 Iqt FV ''19-',20 FY '20'-'21 FY '21-'22 FY '22:23 FY '23-',24 Free cash flow (t in Crore) {-qr 120 100 80 60 40 20 o -20 -40 60 FY '19-'2A FY '20-'21 FY '21-'22 FY '72-',23 FY '23*'24 {F QI l02l (t in Crore) M tr ru 5t o5 r Crowth/degrowth have been calculated in comparison with june'ZZ. Financial Review Qt Revenue EBITDA EBITDA 0,6 on Revenue EBT EBT % o
Break-up of this is as follows
Borrowing ECB" (t in Crore) Five Years 52.28 Standard Chartered 9.96 AC Project Steel Division ng Capi Federal Bank DBS Bank lClCl Bank lClCl Bank 7 "75 76.7s 1.00 credit* 47.86 Six \tuars Engineering Division Five Years Stamping Division Seven Years Seven Years Rupee Term Loan Rupee Term Loan Rupee Term Loan Rupee Term Loan Working Capital Buyers Worting Capital Demand Loan Worki i"t"t *The above figures do not take into account Exchange Fluctuation The ECB Loan (tl41 crore) taken from SCB for orr AC Plant came down to its curent position as on 50th June ?073. This amoilnt has further reduced to {43.57 crore as on cureRt date after repayment of t8.71 crore in the first week of July 2A23. The Term Loan (t7O crore) taken from DBS for our Engineering business is now 17,75 crore after making several pre-payments and normal repayments as per schedule. Motor Division Home Appliances Washer Factory Steel Division tal Demand Loan 5"5O I50-50 Federal Bank SCB SCB Five instalments of the Stampi
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Break-up of cash & bank balances (including investments in Mutual Funds) Cash and Bank Balances ?l 10.97 Crores lnvestments in Mutual Funds tl38.80 Crores Total ?249-77 Crores ln December, we invested {97 crore in IFB Refrigeraion Limited and the Plant began commercial production in May 2A23. As of the end of June 2023, an opportunig to enhance the efrhciency of working capital usage in the Home Appliances was estimated to be around ?7O crore. lnitially, we aimed to improve this by the end of June, but market slowdown hindered the liquidation process. However, we anticipate completing the improvement by September 2O25. This initiative will enhance creditor positions and boost cash flow in our operations. The Engineering Division has made progress in reducing lnventory and Debtors holding days. Efforts to further improve the situation will continue. As of June ?023,the inefficient Debtors and lnventory in the Engineering Division arnounted to t24 crore- l06l Finarrcial Report-Quarter Ff
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