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Stock falls 12% after its net profit decline in Q3

Leading company posted a 78% YoY profit increase to ₹31.09 crore and fell slightly in QoQ. Revenue rose 9.36%, driven by home appliances, while expenses increased by 8%, reflecting higher operational costs.
Stock drops 12% after reporting a decline in net profit for Q3 FY25.
Stock drops 12% after reporting a decline in net profit for Q3 FY25.

Introduction:

Leading home appliances and engineering company reported a 78% YoY increase in net profit to ₹31.09 crore and fell slightly in QoQ. The company saw strong revenue growth, particularly in home appliances, despite a slight quarterly profit decline.

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Also Read: Stocks To Watch For Budget 2025

Share price movement of IFB:

On January 29, 2025, IFB Industries Ltd. opened at ₹1,495.90, down 7.24% from its previous close of ₹1,612.75. The stock reached a high of ₹1,495.90 and a low of ₹1,393.80. By 10:35 AM, it traded at ₹1,398.40, a 13.29% decrease, with a market cap of ₹5,666.15 crore.

IFB Industries Reports Q3 FY25:

IFB Industries posted a net profit of ₹31.09 crore for Q3 FY25, reflecting a strong 78% YoY increase. However, the profit declined slightly from ₹31.41 crore in the September quarter. The company’s performance highlights growth across its business segments, especially home appliances.

Revenue from operations climbed 9.36% to ₹1,269.52 crore for the quarter ending December 2024, driven by strong contributions from the home appliances division, which saw an 11.36% rise. Engineering revenue grew by 2.71%.

IFB’s total income, including other income, increased by 9% to ₹1,273.57 crore. The company also saw a rise in expenses, which were up 8% to ₹1,225.74 crore, reflecting higher operational costs.

Stock performance of IFB for Period of 1 week, 6 months and 1 year:

IFB Industries has seen a decline of 8.64% over the past week and 17.0% over the past six months. However, it has experienced a positive return of 23.7% over the past year, reflecting long-term growth despite short-term challenges.

Also Read: Best Sectors To Watch For Budget 2025

Shareholding pattern of IFB:

All values in %Dec 2024Sep 2024Jun 2024
Promoter75.00%75.00%75.00%
FII0.90%1.10%0.80%
DII6.80%6.70%6.80%
Public17.30%17.20%17.50%
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About IFB:

IFB Industries Limited (NSE: IFBIND) manufactures a wide range of home appliances and automotive components. It specializes in washing machines, dishwashers, fine-blanked components, and tools. The company also operates in the modular kitchen segment.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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