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IFB Industries reports 4% fall in Q2 consolidated net profit

IFB Industries has reported results for second quarter ended September 30, 2018.

The company has reported a fall of 3.09% in its net profit at Rs 35.44 crore for the quarter under review 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.