IFB Industries Ltd on Saturday reported a consolidated net profit of Rs 37.54 crore for the first quarter ended in June 2024, helped by the engineering and home appliances business. The company had posted a consolidated net loss of Rs 0.62 crore in the April-June quarter a year ago, according to a regulatory filing from IFB Industries.
Its revenue from operations was up 16.87 per cent during the quarter under review. It was Rs 1,085.91 crore in the year-ago period. Total expenses of IFB Industries in the June quarter were up 12.24 per cent to Rs 1,222.14 crore.