IFB Industries Sparkles On Strong Q4 March 2007 Results

In afternoon trade, IFB IndustriesIFB Industries beat the upper route of 20% at Rs 27.65 on reporting a 1,143.27% increase in net profit in Q4 March 2007. The final results were declared during the market hours.
During the day, the scrip touched an intraday high of Rs 27.65 and an intraday low of Rs 26. On 3 November, it touched a 52-week high of Rs 29.95 and a 52-week low of Rs 14.50 on 4 April 2007.
The IFB Industries scrip gained 32.47% over the last one month to 29 June 2007 as compared to the Sensex’s return of 0.73%. Over the last one quarter, the company outperformed the market gaining 34.40% as compared to the Sensex’s admiration of 12.07%.
On 21 June 2007, the share price had risen from Rs 17.20 to Rs 23.05 on 29 June 2007.
Today, there were 1.15 lakh shares for trading on the BSE counter. In the last one month, the company has had an average daily volume of 6,977 shares. At present, the company’s equity stood at Rs 18.04 crore, with each share of a face value of Rs 10.
The current market price of Rs 27.65 brushes off its FY 2007 earning per share of Rs 19.55 by a PE multiple of 1.41.
In Q4 March 2007, the company’s net profit climbed 1,143.27% to Rs 21.26 crore in as compared to Rs 1.71 crore in Q4 March 2006. Sales augmented 67.14% to Rs 88.85 crore in Q4 March 2007 as against Rs 53.16 crore in Q4 March 2006.
IFB Industries makes consumer durable products such as washing machines, dryers, dishwashers, microwave ovens and many others.