IFB Industries Limited
7,713words
3turns
0analyst exchanges
0executives
Key numbers — 40 extracted
36.12 Crore
85.23 Crore
54.86 Crore
8.71 Crore
6,20 Crore
35 Crore
24.50 Crore
9.96 Crore
252.65 Crore
2 Crore
149.63 Crore
97 Crore
Guidance — 20 items
Break-up of bonowings is as follows
opening
“The Steel Division borrowed {9.96 Crore for their Capex project till September'23.”
The break up of the same is given
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“ln Q3, there will be adjustments to production, and working capital utilisation will increase.”
The break up of the same is given
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“However, we believe that the overall demand scenario in the medium term will remain stable.”
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“With the increase in volumes in the high end segments and also with the new range introduction from Q4, we expect to significantly increase market shares going forward.”
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“The key segments which will be help drive growth for this segment are in launderettes, semi-commercial and commercial applications like hotels, hospitals, restaurants and laundry installations in Covernment lnst;tutions.”
The break up of the same is given
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“We are running this program for changeover of all existing stores to the new design-and this will be completed by the end of this fiscal year.”
The break up of the same is given
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“Our key target is to establish the profitability model for the IFB Point franchisees.”
The break up of the same is given
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“This model will be significantly helped by the rising sales of the Air Conditioners and the Refrigerators.”
The break up of the same is given
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“We are working on realising this target within this fiscal year.”
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“We aim to take high shares in this segment and our new models are already being placed in the market.”
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Risks & concerns — 2 flagged
1;i:il.l 'tlil.l :i , 'i,.1 i,:1'.:', Revenue Streams for Growth-Near Term I 2 Existing Business Non-Automotive To de-risk the business from the expected impact with the advent of EVs the Company's strategies ar€: l- To interact with the existing players in the domestic EV markel 2- Early engagement with players entering the EV market 5.
— The break up of the same is given
2 124l Premium Customer Base 2 Revenue Contribution o/o 5rr* * 2rt * s * 6 s # s t* & 9S lob rt rs rt ElqEegEifEEggEEEElg 3gH n" *EHE**F ;E Hie= -6 The Engineering Division in lndia supplies all OEMs and Tier-l companies, resulting in a diverse customer base that helps de-risk its business.
— The break up of the same is given
Speaking time
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Opening remarks
Break-up of bonowings is as follows
Borowing (? in Crore) ii,::, 1,.:': 'l 1 r..r;,: r:iit ': Five Years ECB" 43.57 Standard Chartered 9,96 Federal Bank AC Proiect SteelDivision Engineiring Division Stamping Division Motor Division Home Appliances 6.20 DBS Bank lClCl Bank 24.sO "t.oo Rupee Term Loan Term Loan Rupee Term Loan Rupee Term Loan Working Capital Buyer s Credit* 44.39 e.io working capitai Demand Loan Total 136.12 *The above figures does not take into account closing exchange rate fluctuation ECB Loan (tl4I Crore) taken from SCB for our AC plant came down to its current position as on 50th September'25. This amou*t has further gone down to t54.86 Crore as on cuffent date after repayment of t8.71 Crore in first week of October '23. Steet Oivision Federal Bank lClCl Bank 5CB Five Years Five Years Seven Years Seven Years Term loan (t7O Crore) taken from DBS for our Engineering business is {6,20 Crore now, after making several pre-payments and normalrepayments as per schedule. Six instalments of Stamping Division Lo
The break up of the same is given
Break-up of Cash and Bank Balances (lncluding lnvestments in Mutual Fund) Cash and Bank Balances tlO3.O2 Crore lnvestments in Mutual Fund {149.63 Crore ?252.65 Crore Total We invested {97 Crore in IFB Refrigeration Limited in FY 23. The Plant has started commercialproduction since May'23. ln the Home Appliances Division, there is an opportunity to improve inefficient working capital usage by *?98 Crore as on 30th September'23, with regard to inventory. Although we had hoped to enhance this in Hl, the fact that our sales fell short of our projections had an impact on liquidation, which is now scheduled to be completed by the end of Q5. ln Q3, there will be adjustments to production, and working capital utilisation will increase. Both the cash posations in operations and the creditor situations will benefit from this strategy. The Engineering Division's debtor and inventory holding days have both improved significantly, and the division will keep working to make improvements. As of 28 Oc
Following initiatives have been taken
. Started supplies of HVAC blower assemblies for a major OEM for there use in commercial trucks. . Successfully developed electronic speed controllers for car air conditioners and supplies will start from middle of Q4FY'24. . Will be starting supplying our universal motors to a major domestic OEM from middle of Q5. . Started exports of starter motor, HVAC blower motor and Engine Cooling Fan motor for sales in after market. All the above new orders should help us in improving our revenues from Q4 of FY '24. The Division has developed a strategy to work towards achieving energy conseruation in the near future. ln order ro achieve this goal, all the appliance motors will be replaced by energy efficient BLDC motors, which will save energy and have relatively lower noise, higher reliability and other features. l5l I kF..H '3 Tlre Appliances Motor Division is investing in production lines to produce next-generation BLDC motors. The new lines will produce one million Waslring Machine and Air
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