IFBIND

Jan 28 (Reuters) - IFB Industries Ltd IFBI.NS:

• IFB INDUSTRIES DEC-QUARTER CONSOL NET PROFIT 310.9 MILLION RUPEES

• IFB INDUSTRIES DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 12.7 BILLION RUPEES

Source text: [ID:]

Further company coverage: IFBI.NS

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Feb 1 (Reuters) - IFB Industries Ltd IFBI.NS:

• RE-DESIGNATED AND APPOINTED BIKRAMJIT NAG AS CHAIRMAN

Source text for Eikon: ID:nBSE1DtrtR

Further company coverage: IFBI.NS

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BENGALURU, Nov 2 (Reuters) - Indian consumer goods maker IFB Industries IFBI.NS posted nearly an 11% drop in second-quarter profit on Thursday, hurt by reduced demand for its home appliances.

The company's consolidated net profit fell to 215.3 million rupees ($2.59 million) for the three months ended Sept. 30 from a profit of 241.2 million rupees a year earlier.

Analysts described the September quarter as a seasonally weak quarter for consumer durables businesses such as IFB Industries.

The overall demand remained weak as consumers restricted their spending, the analysts had said earlier.

Rising competition in the sector also exerted pricing pressure on the company.

IFB's revenue from operations fell 1.5% to 11.01 billion rupees, dented by a near-3% drop in its home appliances vertical, its biggest segment which contributed about 78% to the total.

Kolkata, West Bengal-based IFB Industries makes a range of home appliances products, including washing machines and air conditioners.

The company's shares settled 0.5% higher ahead of the results. The stock rose nearly 11% during the September quarter.

($1 = 83.2028 Indian rupees)

(Reporting by Kashish Tandon in Bengaluru; Editing by Sohini Goswami)

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** Shares of engineering co IFB Industries IFBI.NS fall as much as 3.33% to 832.60 rupees, sharpest intraday pct loss since Mar. 29

** Co reports consolidated net loss of 6.2 mln rupees for June-qtr vs profit of 19 mln rupees yr earlier

** Rev from ops rises 1.7% YoY, while total expenses are up 1.9% YoY

** More than 49,000 shares change hands by 2:07 p.m. IST, 1x 30-day avg

** Two of the three analysts covering the stock have a "buy" or "strong buy" rating while 1 has "hold"; median PT is 875 rupees - Refinitiv data

** Stock down 7.6% YTD

(Reporting by Ashish Chandra in Bengaluru)

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July 28 (Reuters) - IFB Industries Ltd IFBI.NS:

• INDIA'S IFB INDUSTRIES JUNE-QUARTER CONSOL NET LOSS 6.2 MILLION RUPEES VERSUS PROFIT 19 MILLION RUPEES

• IFB INDUSTRIES JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 10.86 BILLION RUPEES VERSUS 10.67 BILLION RUPEES

Source text for Eikon: ID:nNSE5fmvDP

Further company coverage: IFBI.NS

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** Shares of IFB Industries Ltd IFBI.NS rise as much as 5.5% to 847.30 rupees, their biggest intraday pct gain since May 5

** On Tuesday, France-based global financial services o Societe Generale bought 300,000 shares of IFBI in bulk at 800 rupees per share, as per stock exchange data

** About 118,943 shares change hands by 9:38 a.m. IST, 1.8x the 30-day avg - Refinitiv Data

** If trends hold, stock on track to advance for second consecutive session

** Stock down ~11% YTD as of last close

(Reporting by Priya Sagar in Bengaluru)

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