IFB Industries Limited

7150.60 crore

erating expenses leading to a negligible growth in PBDIT in Q1. Balance Sheet Total borrowing was 7150.60 crore as on Quarter end date including a term loan amount of 797.24 crore. Break-up of this is as follow

797.24 crore

nce Sheet Total borrowing was 7150.60 crore as on Quarter end date including a term loan amount of 797.24 crore. Break-up of this is as follows: Borrowing (® in Crore) ECB* 52.28 Standard Chartered AC Project

3141 crore

sion Total 150.60 *The above figures do not take into account Exchange Fluctuation The ECB Loan (3141 crore) taken from SCB for our AC Plant came down to its current position as on 30th June 2023. This amoun

743.57 crore

AC Plant came down to its current position as on 30th June 2023. This amount has further reduced to 743.57 crore as on current date after repayment of %8.71 crore in the first week of July 2023. The Term Loan (2

8.71 crore

h June 2023. This amount has further reduced to 743.57 crore as on current date after repayment of %8.71 crore in the first week of July 2023. The Term Loan (270 crore) taken from DBS for our Engineering busin

270 crore

e as on current date after repayment of %8.71 crore in the first week of July 2023. The Term Loan (270 crore) taken from DBS for our Engineering business is now 27.75 crore after making several pre-payments a

27.75 crore

st week of July 2023. The Term Loan (270 crore) taken from DBS for our Engineering business is now 27.75 crore after making several pre-payments and normal repayments as per schedule. Four instalments of the S

35 crore

e-payments and normal repayments as per schedule. Four instalments of the Stamping Division Loan (?35 crore) taken from ICICI Bank were paid in May, Aug, Nov 2022, Feb and May 2023 to reach its current posit

726.25 crore

from ICICI Bank were paid in May, Aug, Nov 2022, Feb and May 2023 to reach its current position of 726.25 crore. The Steel Division borrowed 79.96 crore for their Capex project till June 2023. \05) | oN EET i

79.96 crore

2022, Feb and May 2023 to reach its current position of 726.25 crore. The Steel Division borrowed 79.96 crore for their Capex project till June 2023. \05) | oN EET i SRE ) |] Against the aforesaid borrowing,

249.77 crore

, as on 30th June 2023, our Cash and Bank Balances (including investments in Mutual Funds) were at %249.77 crore. Hence the Company's net cash balance was positive after considering its overall debt position. Th

2110.97 Crore

: Break-up of cash & bank balances (including investments in Mutual Funds) Cash and Bank Balances 2110.97 Crores Investments in Mutual Funds 138.80 Crores Total 2249.77 Crores In December, we invested 297 crore

“The Steel Division borrowed 79.96 crore for their Capex project till June 2023.”

“However, we anticipate completing the improvement by September 2023.”

“However, we remain optimistic about the medium-term demand scenario, expecting stability.”

“We are actively working on right-sizing our cost areas, aiming to complete this by the end of Q3 in this financial year.”

“We are currently 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.”

“This trend is expected to continue in the next Quarter due to a high waiting period and the upcoming festive season.”

“We aim to achieve high market shares in this segment, focusing on extracting more from existing counters in this category.”

“Additionally, Inverter technology will be introduced in high-end models by Q4 of FY '23-'24.”

“To enhance this category, we are introducing colour themes in Red, Yellow and Mocha, which will be available in Q2 of FY ’23-'24.”

“Furthermore, we have planned to upgrade this category with Heat Pump technology by the end of FY ’23-'24 and this will be ready for market introduction in the early part of the next fiscal year.”

Break-up of this is as follows

1

The break up of this is given

1

Break-up of this is as follows

Borrowing (® in Crore) ECB* 52.28 Standard Chartered AC Project Five Years Rupee Term Loan 9.96 Federal Bank Steel Division Six Years Rupee Term Loan 7.75 DBS Bank Engineering Division Five Years Rupee Term Loan 26.25 ICICI Bank Stamping Division Seven Years Rupee Term Loan 1.00 ICICI Bank Motor Division Seven Years Working Capital Buyers Credit* 47.86 ScB Home Appliances Working Capital Demand Loan - SCB Washer Factory Working Capital Demand Loan 5.50 Federal Bank Steel Division Total 150.60 *The above figures do not take into account Exchange Fluctuation The ECB Loan (3141 crore) taken from SCB for our AC Plant came down to its current position as on 30th June 2023. This amount has further reduced to 743.57 crore as on current date after repayment of %8.71 crore in the first week of July 2023. The Term Loan (270 crore) taken from DBS for our Engineering business is now 27.75 crore after making several pre-payments and normal repayments as per schedule. Four instalments of the Stampin

The break up of this is given

Break-up of cash & bank balances (including investments in Mutual Funds) Cash and Bank Balances 2110.97 Crores Investments in Mutual Funds 138.80 Crores Total 2249.77 Crores In December, we invested 297 crore in IFB Refrigeration Limited and the Plant began commercial production in May 2023. As of the end of June 2023, an opportunity to enhance the efficiency of working capital usage in the Home Appliances was estimated to be around 270 crore. Initially, 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 2023. This initiative will enhance creditor positions and boost cash flow in our operations. The Engineering Division has made progress in reducing Inventory and Debtors holding days. Efforts to further improve the situation will continue. As of June 2023, the inefficient Debtors and Inventory in the Engineering Division amounted to 224 crore. (06 Refrigerator Plant in Pune, R