Ifb Industries Ltd · NSE:IFBIND
Ifb Industries — Q3 FY2025 Earnings Presentation
49 slides from Ifb Industries's earnings presentation, Feb 1, 2025
Slide 1: Cover letter to stock exchanges
HallI n duatries Limited Corporate Office Plot No.-INU-5, Suctor-1 East Kolkata 7owfiship, Kolkata - 700 107 Telephone: (91) (33) 39849475/9524 11sstt February, 2025 2025 Fnx: (01) (31) 30849676 Wub : www.ifbindustrius com The Manager The Department of Corporate Services ofCorporate BSE BSE Limited,
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Slide 3: Performance Report Q3 FY '25—Growth in EBITDA propelled by margin improvement
Financial Report Quarter Ended 31st December, 2024 Performance Report Q3 FY ’25—Growth in EBITDA level propelled by margin improvement Performance Snapshot (‹inCrore) Performance Overview—Q3 FY ’25 Particulars Q3 FY 25 Q3 FY 24 Growth% • Revenue growth forthe quarter has been 8%. October Revenue 123
Slide 4: Performance Report YTD FY '25 (9M)
Financial Report Quarter Ended 31st December, 2024 Performance Report YTD FY ’25(9M)—Growth in EBITDA level propelled by margin improvement Performance Snapshot (‹inCrore) Performance Overview—YTD FY ’25 Particulars FY 25 (9M) FY 24 (9M) Growth% • Revenue growth was1 2%. Revenue 3665.51 3277.3J 12%
Slide 5: Financial Trend for Q3
Financial Report Quarter Ended 31stDecember, 2024 Financial Trend for95 Total Revenue (TinCrore) Operating Profit/EBITDA 90 FY 21 FY 22 FY 23 FY 24 FY 25 FY 21 FY 22 FY 23 FY 24 FY 24 FY FY 25 25 Ga› Ga —M•- is Profit After Tax PAT (T in Crore) FY 21 FY 22 FY 23 FY 24 FY 24 FY 25 •—M— Q7 •••W••- Q7
Slide 6: Parameters of Q3 FY '25
Financial Report Quarter Ended 31stDecember, 2024 Parameters of Q3 FY ’25 Total Revenue Revenue from Operations EBITDA ¢1,232 Crore 71,228 Crore ¢90 790 Crore (+) 8% (+) 8% (+) 27% EBlTDAlMargin'Xo Net Profit Margin % EPS- 7.3% 2.8% 733.92 T33.92 (+)l11 bps (+) 71 bps ()45% (+) 45% Receivables Inven
Slide 7: Parameters of YTD FY '25
Financial Report Quarter Ended 31stDecember, 2024 Parameters of YTD FY ’25 Total Revenue Revenue from Operations EBITDA ¢3,666 Crore 73,642 Crore ¢255 Crore (+) 12% (+) 12% (+) 37% EBTDAMarginW Net Profit Margin % EPS- 7.0% 2.9% T35.os Z35.os (+) l29bps (+)J 23 bps (+) 94% Receivables Inventories Ac
Slide 8: 'Net Zero' Debt
Financial Report Quarter Ended 31stDecember, 2024 ‘Net Zero’ Debt Total long term borrowing was T24.14 Crore as on quarter end date which includes only term loan amount. Break-up of term loan borrowings and itsposition are as follows including projected value as on 31st March, 2025. (T in Crore) Val
Slide 9: Home Appliances
Home Appliances iances | 08 08
Slide 10: Business Updates
Financial Report Quarter Ended 31stDecember, 2024 Business Updates Home Appliances Division (HAD) The consumer durable industry reported nominal growth in Q3 of FY ’25. In the month ofOctober, we experienced strong demand butit declined in November and December, especially in the Washer category whi
Slide 11: Range of Products Home Appliances
Financial Report Quarter Ended 31st December, 2024 Range of Products Home Appliances The updates at the end of Q3 FY ’25 for each of the product categories are given below: Washers Market Trends and Consumer Preferences lT (7 in Crore) Value Sales Q3 FY 25 Q2 FY 25 Q3 FY 24 Front Load Washer 352.57
Slide 12: Range of Products Home Appliances: Market Dynamics
Financial Report Quarter Ended 31stDecember, 2024 Range of Products Home Appliances IT'SASOFA. Presenting IFB ZTA DRYER. N CATA Awesome in every mausam Market Dynamics The laundry business in India had muted growth compared to the previous year. During the festive season, we witnesseda robust demand
Slide 13: Range of Products Home Appliances: Trending Features
Financial Report Quarter Ended 31stDecember, 2024 Range of Products Home Appliances Trending Features Deepclean^ Technology powered by AI • Enhances fabric life by 30%, keeping clothes looking new even after multiple washes. • Encourages sustainability by reducing textile waste, aligning with enviro
Slide 14: IFB Laundrimagic and technology upgrades
Financial Repon Quarter Ended 31st December, 2024 IFB LAUNDRIMAGIC : WASH| DRY | REFRESH The IFBLaundrimagic , India's first3 in1 laundry machine, takes care of everything in one go—wash, dry, and done. Your clothes come outperfectly clean and 100% dry, ready to wear orfold right away. The Refresh M
Slide 15: Clothes Dryers
Financial Report Quarter Ended 31st December, 2024 Range of Products Home Appliances Clothes Dryers (CD) Clothes Dryers with advanced technologies, such as heat pump systems and smart features, typically come with higher initial costs compared to traditional drying methods and basic models which are
Slide 16: Dishwashers
Financial Report Quarter Ended 31st December, 2024 Range of Products Home Appliances Dishwashers (DWs) The domestic dishwasher market is now stabilised, with sales of 8,000-10,000 units per month, dominated by three key brands, including IFB. We are expanding our retail presence and aim to be in ove
Slide 17: Microwave Ovens
Financial Report Quarter Ended 31stDecember, 2024 Range of Products Home Appliances Microwave Ovens (MWO) TheMicrowave The Microwave Oven market has stabilised witha flat growth, in Q3 of FY ’25. Between thethree category platforms, platforms. there has been a shift from thegrill and convection cate
Slide 18: Built in Ovens, Dishwashers, MWO, Chimneys and Hobs
Financial Report Quarter Ended 31stDecember, 2024 Range of Products Home Appliances Built in Ovens, Built in Dishwashers, Built in MWO, Chimneys and Hobs There isa dedicated and immediate focus to ensure that we are in the top ten cities in the country and the gaps in areas like exclusive manning, r
Slide 19: Air Conditioners (ACs)
Financial Report Quarter Ended 3JstDecember. 2024 Range of Products Home Appliances Air Conditioners (ACs) The Indian room air-conditioner industry is expected to grow by 20—25% in 2024—25, reaching 12—12.5 million units, driven by higher temperatures, increasing household demand, urbanisation, incr
Slide 20: Air Conditioners (ACs)
Financial Report Quarter Ended 31st December, 2024 Range of Products Home Appliances Air Conditioners (ACs) The quality and performance levels of the product range have been acknowledged to be among thebest-in-class. In line with ‘Make in India’ initiatives we have indigenised critical components su
Slide 21: Industrial Segments—Laundry and Dishwashing Equipment
Financial Report Quarter Ended 31st December, 2024 Industrial Segments—Laundry and Dishwashing Equipment We have embarked on a three-year Vision-3X 3—The objective is to reach a 3X Revenue Growth inthree years. 2O24—25 Product Road Map Highlight Laundry Successful development, launch and supply of n
Slide 22: Service Network and Customer Satisfaction; IFB essentials
Financial Report Quarter Ended 3JstDecember. 2024 Service Network and Customer Satisfaction A robust quality service network is essential to ensure customer satisfaction, operational efficiency, and sustained growth. In Q3, we completed quality assessments of our franchisee network to ensure 1 00% c
Slide 23: Performance Report HAD Q3 FY '25
Financial Report Quarter Ended 31st December, 2024 Performance Report HAD Q3 FY ’25 Performance Snapshot (7 in Crore) Performance Overview Particulars FY 25 (9M) FY 24 (9M) Growth % • The revenue growth from the quarter and year end Dec ’24 HAD HAD HAD was predominantly from IFB Brand AirConditioner
Slide 24: Financial Summary of Home Appliances Division
Financial Report Quarter Ended 31st December, 2024 Financial Summary ofHome Appliances Division (T in Crore) Particulars Q3 FY 25 Q3 FY 24 YTD FY 25 YTD YTD FY FY 24 24 Revenue 990.65 907.16 2,927.37 2,606.75 2,606.73 EBITDA 59.87 57.00 166.08 J 57.79 EBITDA % on Revenue 6.04 6.28 5.67 5.29 EBT 21.1
Slide 25: Segmental Sales Home Appliances Division Q3 FY '25
Financial Report Quarter Ended 31st December, 2024 Segmental Sales Home Appliances Division Q3 FY ’25 Product-wise spread in Home Appliances Division Front Loader 352.27 55.5% Service 150.27 15.2% Top Loader 157.68 15.9% Microwave 73.90 7.5% AC J38.42 14.0% Refrigerator 31.99 3.2% 3.2 0/o IndlProduc
Slide 26: Consistent improvement in Inventory Days
Financial Report Quarter Ended 3JstDecember. 2024 Focussed approach resulting in consistent improvement in Inventory Days Improvements inInventory Holding Days over last nine quarters—HAD Inventory Days (On Sales) 62 57 53 The gradual reduction in Inventory Days—witnesseda sharp fall from the peak o
Slide 27: Engineering
Financial Report Quarter Ended 3JstDecember. 2024
Slide 28: Performance Report: Engineering for Q3 FY '25
Financial Report Quarter Ended 31st December, 2024 Performance Report: Engineering for Q3 FY '25 Performance Snapshot (7 in Crore) Particulars Q3 FY 25 (9M) Q3 FY 24 (9M) Growth % Performance Overview Engineering Engineering Engineering Witnesseda modest revenue growth of 4% this quarter with Revenu
Slide 29: Steady Improvement in ROCE
Financial Report Quarter Ended 31st December, 2024 Steady Improvement inROCE ROCEO/o Q3 FY24 Q4 FY24 Q1 FY 25 Q2 FY 25 Q3 FY 25 We are able to meet ourinternal target of 500/o in all the quarters of this fiscal year. This improvement in ROCE is mainly due to the following reasons • Optimisation of w
Slide 30: Consistent improvement in inventory days
Financial Report Quarter Ended 31st December, 2024 Focussed approch resulting in consistent imporvement ininventoy days Inventory Days (On Sales) 6 3s 34 35 34 34 z‹ The gradual reduction in inventory days witnesseda sharp fall from the peak of 51 days to 33 and 34 days inQ2 FY ’25and Q3 FY ’25 04 Q
Slide 31: Engineering Performance (Business Vertical Wise) Q3 FY '25 vs Q3 FY '24
Financial Report Quarter Ended 31st December, 2024 Engineering Performance (Business Vertical Wise) Q3 FY ’25vs ’25vsQ3 QS FY ’24 (Z in Crore) (7 Revenue Growth YOY Fine Blanking Stamping A6er Market Total Engineering 7% -4% 4bo FY 24 FY 25 FY 24 FY 25 FY 24 FY 25 FY 24 FY 25 EBITDA Growth YOY (¢in
Slide 32: Engineering Performance (Business Vertical Wise) YTD FY '25 vs YTD FY '24
Financial Report Quarter Ended 31st December, 2024 Engineering Performance (Business Vertical Wise) YTD FY ’25vsYTD FY ’24 (7 in Crore) Revenue Growth YOY Fine Blanking Stamping A6er Market Total Engineering lO98 9@0 66.39 60.28 FY 24 FY 25 FY 24 FY 25 FY 24 FY 25 FY 24 FY 25 EBITDA Growth YOY (¢ in
Slide 33: Financial Summary of Engineering Division
Financial Report Quarter Ended 31st December. 2024 Financial Summary ofEngineering Division (T in Crore) (Tin Particulars QZ FY 24—25 Q3 FY 23—24 FY 24—25 YTD FV YTD FY 23—24 Revenue 204.17 J 97.23 617.17 566.55 EBITDA 32.33 28.84 97.81 79.95 EBITDA % on revenue 15.84 14.65 15.85 14.11 EBT 24.67 18.
Slide 34: Appliance Motors Division BLDC Project
Financial Report Quarter Ended 31 st December. 2024 APPLIANCE MOTORS DIVISION BLDC Project Strategic Commitment to Energy Conservation The Company is firmly committed to energy conservation through the transition to energy-efficient Brushless DC (BLDC) motors across all appliance categories. These m
Slide 35: Financial Summary of the Automotive Motors Division
Financial Report Quarter Ended 31stDecember, 2024 Financial Summary oftheAutomotive Motors Division (T in Crore) Particulars Q3 FY 25 Q3FY24 YTD FY 25 YTD FY 24 Revenue 15.30 16.57 49.50 48.35 EBITDA -0.82 -o.82 0.41 -1 .36 -1.36 0.54 EBITDA % on revenue -5.36 2.47 -2.75 1.i22 1.i EBT -1 .OF -1.OF 0
Slide 36: Financial Summary of Steel Division
Financial Report Quarter Ended 31st December. 2024 Financial Summary ofSteel Division (T in Crore) (T Particulars Q3 FV 24—25 Q3 FY 23—24 YTD FV 24—25 YTD FY 23—24 Revenue 46.64 38.08 139.58 133.44 EBITDA 2.71 0.30 6.04 0.01 EBITDA % on revenue 5.81 0.79 4.33 0.01 EBT 1.24 -0.96 1.75 -5.35 -3.35 EBT
Slide 37: GAAL Global Automotive & Appliances Pvt Ltd
Financial Report Quarter Ended 31st December. 2024 GAAL Global Automotive& Appliances Pvt Ltd (¢ in Crore) (¢in Particulars Q3 FY 25 QZ FY 24 YTD FY 25 YTD FY 24 Revenue 25.49 1 0.29 70.96 45.84 EBITDA 2.93 0.87 7.76 4.40 EBITDA % on revenue 111.49 1.49 8.45 110.94 0.94 9.60 EBT 2.93 2.95 0.87 7.76
Slide 38: TAAL Thai Automotive & Appliances Limited
Financial Report Quarter Ended 31st December. 2024 TAAL Thai Automotive& Appliances Limited (¢ in Crore) (¢ Particulars Q3 FY 25 QZ FY 24 YTD FY 25 YTDFY25 YTD FY 24 Revenue 16.62 17.83 46.32 46.99 EBITDA 0.76 1.37 2.37 1.98 EBITDA % on revenue 4.57 7.68 5.12 4.21 EBT 0.18 0.78 0.67 0.17 EBT % on re
Slide 39: Refrigerator Plant, Pune
Financial Report Quarter Ended 31st December, 2024 Refrigerator Plant, Pune IFBIndustries Limited invested Z97 Crore in IFB Refrigeration Limited, now holdinga 41.40 O/« equity stake, with potential plans 41.4£P/« to increase this later. The plant was completed in record time and began commercial pr
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Slide 41: Note on Automotive Motors Division takeover
Financial Report Quarter Ended 31st December. 2024 Note on Automotive Motors Division takeover The Motors Division acquired the Automotive Motors Division from IFBAutomotive Pvt. Ltd in October 201 9. The objective was to bring in synergy between the two divisions which could result in substantial c
Slide 42: Standalone Income Statement (Quarterly and Year-to-date Results)
Financial Report Quarter Ended 31stDecember. 2024 FINANCIAL STATEMENTS Standalone Income Statement (Quarterly and Year-to-date Results) (T in Crore) QTR YTD Standalone Income Statement 31 Dec 24 31 Dec 23 31 Dec 24 31 Dec 23 Total Sale of Products 1,548.24 1,406.82 4,556.47 3,975.65 Less: Trade Sche
Slide 43: Standalone Balance Sheet
Financial Report Quarter Ended 31stDecember. 2024 FINANCIAL STATEMENTS Standalone Balance Sheet (¢ in Crore) (¢in Key Indices as on 31st December, 2024 Standalone Balance Sheet as at 31 Dec, 24 31 Dec, 23 Half Yearly ASSETS Property, Plant and Equipment” 672.47 663.71 Investment in Subsidiaries and
Slide 44: Standalone Key Ratios
Financial Report Quarter Ended 31stDecember. 2024 FINANCIAL STATEMENTS Standalone Key Ratios (T in Crore) QTR YTD Standalone Key Ratios 31 Dec, 24 31 Dec, 23 31 Dec, 24 31 Dec, 23 Earnings Per Share (in T) (Not Annualised) 8.48 5.85 26.28 1158 Book Value Per Share (in ¢) 205.66 175.46 205.66 175.46
Slide 45: Standalone Cashflow Statement
Financial Report Quarter Ended 31stDecember. 2024 FINANCIAL STATEMENTS Standalone Cashflow Statement (Annual) (¢in Crore) YTD Standalone Cashflow Statements 31 Dec, 24 31 Dec, 23 CASHFLOWS FROM OPERATING ACTIVITIES Profit Before Tax 141.92 74.13 Non Cash and Other Adjustments 104.88 103.87 Operating
Slide 46: Consolidated Income Statement (Quarterly and Year-to-date Results)
Financial Report Quarter Ended 31stDecember. 2024 FIIdANCIAL STATEMENTS Consolidated Income Statement (Quarterly and Year-to-date Results) (T in Crore) QTR YTD Consolidated Income Statement 31 Dec, 24 31 Dec, 23 31 Dec, 24 31 Dec, 25 Total Sale of Products 1,589.13 1,433.61 4,670.76 4,064.96 Less: T
Slide 47: Consolidated Highlights (Quarterly Results)
Financial Report Quarter Ended 31st December, 2024 CONSOLIDATED HIGHLIGHTS (Quarterly Results) (T (T in Crore) Q3 FY 25 Q3 FY24 Q5 Total Income 1,273.57 1,167.90 Earning Before Depreciation, Interest and Tax 87.46 64.85 Earning Before Interest and Tax 49.70 33.05 3105 Profit Before Tax 42.11 42.1l 2
Slide 48: Consolidated Balance Sheet
Financial Report Quarter Ended 31stDecember. 2024 CONSOLIDATED BALANCE SHEET (T in Crore) (TinCrore) Key Indices as on 31st December, 2024 31 Dec, 24 31 Mar, 24 ASSETS ’ Property, Plant and Equipment” 697.82 645.45 J’ Fixed Assets ’’;’, Investment in Equity Shares 57.49 70.86 T697.82 ¢697.82 Crore I
Slide 49: Contact and Disclaimer
OVER ATISF S ATIS F IE D C U S TOM E R S Microwave Oven Built-in-0ven Dishwasher DCb FF Refrigerators ChimneyI Built-in-Hot T0p Load Fr0nt Leds Cl0tLes Dryer 100% Clothes Conditioner Air Csnditisner Contact Phone +91 33 39849475/9524• Email investor_reIation@ifbglobaI.com Disclaimer this presentatio