Net profit of IFB Industries rose 14.15% to Rs 18.63 crore in the quarter ended December 2017 as against Rs 16.32 crore during the previous quarter ended December 2016. Sales rose 17.01% to Rs 531.74 crore in the quarter ended December 2017 as against Rs 454.44 crore during the previous quarter ended December 2016.

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The Board of IFB Industries has appointed Ashok Bhandari as an Independent Director.

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The result was announced after market hours yesterday, 30 January 2018.

Meanwhile, the S&P BSE Sensex was down 125.26 points or 0.35% at 35,908.47. The S&P BSE Small-Cap index fell 0.21%, outperforming the Sensex.

On the BSE, 1,985 shares were traded on the counter so far as against average daily volumes of 4,791 shares in the past one quarter. The stock had hit a high of Rs 1,289.95 and a low of Rs 1,212.25 so far during the day. The stock had hit a record high of Rs 1,542.90 on 11 January 2018 and a 52-week low of Rs 507 on 30 January 2017.

The stock had underperformed the market over the past one month till 30 January 2018, sliding 3.88% compared with the Sensex's 5.8% rise. The stock had, however, outperformed the market over the past one quarter, advancing 37% as against the Sensex's 8.32% rise. The scrip had also outperformed the market over the past one year, surging 150.67% as against the Sensex's 29.39% rise.

The small-cap company has equity capital of Rs 40.52 crore. Face value per share is Rs 10.

Shares of IFB Industries had witnessed a pre-result slide. The stock had fallen 8.62% in the prior five trading sessions to settle at Rs 1,302.10 yesterday, 30 January 2018, from its closing of Rs 1,425.05 on 22 January 2018.

IFB Industries' product range includes Fine Blanked components, tools and related machine tools like Straighteners, Decoilers, Strip loaders and others. The engineering divisions are located at Kolkata & Bangalore. The Bangalore unit, apart from Fine Blanked components, manufactures motors for white goods as well as automotive applications.

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IFB Industries will hold a meeting of the Board of Directors of the Company on 30 January 2018, consolidated Financial Results of the Company for the quarter ended 31st December, 2017

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