IFB Industries surges despite reporting 4% fall in Q2 consolidated net profit

30 Oct 2018 Evaluate

IFB Industries is currently trading at Rs. 910.55, up by 13.90 points or 1.55% from its previous closing of Rs. 896.65 on the BSE.

The scrip opened at Rs. 904.35 and has touched a high and low of Rs. 910.55 and Rs. 897.00 respectively. So far 211 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1542.90 on 11-Jan-2018 and a 52 week low of Rs. 850.00 on 08-Oct-2018.

Last one week high and low of the scrip stood at Rs. 936.90 and Rs. 855.00 respectively. The current market cap of the company is Rs. 3678.90 crore.

The promoters holding in the company stood at 74.96%, while Institutions and Non-Institutions held 10.09% and 14.95% respectively.

IFB Industries has reported a fall of 3.09% in its net profit at Rs 35.44 crore for the quarter ended September 30, 2018 as compared to Rs 36.57 crore for the same quarter in the previous year. However, total income of the company increased by 8.75% at Rs 659.16 crore for Q2FY19 as compared Rs 606.12 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 3.67% in its net profit at Rs 34.69 crore for the quarter under review as compared to Rs 36.01 crore for the same quarter in the previous year. However, total income of the company increased by 9.98% at Rs 689.57 crore for Q2FY19 as compared Rs 626.97 crore for the corresponding quarter previous year.

IFB Industries Share Price

1502.65 133.90 (9.78%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
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