Ifb Industries Ltd · NSE:IFBIND
Ifb Industries — Q3 FY2025 Earnings Presentation
49 slides from Ifb Industries's earnings presentation, Feb 3, 2025
Slide 1: Exchange filing letter: Investor Presentation and Investor Call intimation
Il*lTI nduatries Limited Gorporate Office Plot No.-INlJ-5, Seclor1 East Kolkala ”7owfiship, Kolkata - 700 107 Telephnne: (91) (33) 39849475/9524 Fax: (51) (31) 30849676 wuu : www.ifbind istrius com 33rrd d February, 2025 The Manager Department of Corporate Services ofCorporate BSE BSE Limited, Phiro
Slide 2: Q3 IFB Industries Limited Financial Report
Slide 3: Performance Report Q3 FY25 – Growth in EBITDA propelled by margin improvement
Financial Report Quarter Ended 31st December, 2024 Pe›Yormance 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 Growth9'o • Revenue growth forthe quarter has been 8%. October Revenue 1
Slide 4: Performance Report: YTD FY25 (9M)
Financial Report Quarter Ended 31st December, 2024 Pe›Yormance 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) Growth9'o • Revenue growth was 1 2%. Revenue 3665.51 3277.31
Slide 5: Trend for Q3
Financial Report Quarter Ended 31st December, 2024 Financial Trend forQ3 Total Revenue (TinCrore) Operating Profit/EBITDA FY 21 FY 22 FY 23 FY 24 FY 25 FY 21 FY 22 FY 23 FY 24 FY 25 ■Qs Profit After Tax PAT (¢ in Crore) FY 21 FY 22 FY 23 FY 24 FY 25 Note All these data relates to Q3/or each financia
Slide 6: Parameters of Q3 FY25
Financial Report Quarter Ended 31st December, 2024 Parameters of Q3 FY ’25 Total Revenue Revenue from Operations EBITDA Tl,232 Crore Tl,228 Crore T90 Crore (+) 8% (+) 8% (+) 27% EBITDA Margin % Net Profit Margin % EPS- 7.]% 2.8% T33.92 (+)1 11 bps (+) 71 bps (+) 45% Receivables Inventories Accounts
Slide 7: Parameters of YTD FY25
Financial Report Quarter Ended 31st December, 2024 Parameters of YTD FY ’25 Total Revenue Revenue from Operations EBITDA T3,666 Crore T3,642 Crore T255 Crore (+) 12% (+) 12% (+) 37% EBITDA Margin % Net Profit Margin % EPS- 7.0% 2.9% T35.05 (+)1 29 bps (+) 123 bps (+) 94% Receivables Inventories Acco
Slide 8: Net Zero Debt
Financial Report Quarter Ended 31 st December, 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) V
Slide 9: Home Appliances Division
Home Appliances Division |08
Slide 10: Business Updates
Financial Report Quarter Ended 31st December, 2024 Business Updates Home Appliances Division (HAD) The consumer durable industry reported nominal growth in Q3 of FY ’25. In the month of October, we experienced strong demand butit declined in November and December, especially in the Washer category w
Slide 11: Range of Products Home Appliances: Washers
Financial Report Quarter Ended 31st December, 2024 Range of Products Home Appliances The updates at the end of Q3 FY ’25 foreach of the product categories are given below: Washers Market Trends and Consumer Preferences (Min Crore) Value Sales Q3 FY 25 Q2 FY 25 Q3 FY 24 Front Load Washer 352.27 374.7
Slide 12: It's a Sofa. Not a Dryer.
Financial Report Quarter Ended 31st December, 2024 Range of Products Home Appliances IT'S A SOFA. Presenting IFB NOT A DRYER. 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 i
Slide 13: Range of Products Home Appliances: Trending Features
Financial Report Quarter Ended 31st December, 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 envir
Slide 14: IFB Laundrimagic: Wash, Dry, Refresh
Financial Report Quarter Ended 31st December, 2024 Range of Products Home Appliances IFB LAUNDRIMAGIC^: WASHI DRYI REFRESH TheIFBLaundrimagic^, India's first3 in1 laundry machine, takes care of everything in one go—wash, dry, and done. Your clothes come outperfectly clean and 100o/o dry, ready to we
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) Thedomestic 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 over
Slide 17: Microwave Ovens
Financial Report Quarter Ended 31st December, 2024 Range of Products Home Appliances Microwave Ovens (MWO) TheMicrowave Oven market has stabilised witha flat growth, in Q3 of FY ’25. Between thethree category platforms, there has been a shift from the grill and convection category platforms to the s
Slide 18: Built in Ovens, Dishwashers, MWO, Chimneys and Hobs
Financial Report Quarter Ended 31st December, 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,
Slide 19: Air Conditioners
Financial Report Quarter Ended 31st December, 2024 Range of Products Home Appliances Air Conditioners (ACs) The Indian room air-conditioner industry is expected to grow by 20—250/o in 2024—25, reaching 12—12.5 million units, driven by higher temperatures, increasing household demand, urbanisation, i
Slide 20: Air Conditioners
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 31st December, 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 100% c
Slide 23: Performance Report HAD Q3 FY25
Financial Report Quarter Ended 31st December, 2024 Pe›Yormance Report HAD Q3 FY ’25 Performance Snapshot (T in Crore) Performance Overview Particulars FY 25 (9M) FY 24 (9M) GroWth 9’O • The revenue growth from the quarter and year end Dec ’24 HAD HAD HAD was predominantly from IFB Brand AirCondition
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 YTDFY25 YTDFY24 Revenue 990.65 907.16 2,92757 2,606.73 EBITDA 59.87 57.00 166.08 137.79 EBITDA % on Revenue 6.04 6.28 5.67 5.29 EBT 21.18 27.42 69.12 50.09 EBT 0
Slide 25: Segmental Sales Home Appliances Division
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 35.5% Service 150.27 15.2% Top Loader 157.68 15.9% Microwave 73.90 7.5% AC 138.42 14.0% Refrigerator 31.99 3.2% IndI Product 36.15
Slide 26: Consistent Improvement in Inventory Days
Financial Report Quarter Ended 31st December, 2024 Focussed approach resulting in consistent improvement in Inventory Days Improvements inInventory Holding Days over last nine quakers—HAD Inventory Days (On Sales) 62 57 53 48 48 49 48 42 The gradual reduction in Inventory Days—witnesseda sharp fall
Slide 27: Financial Report Quarter Ended 31st December, 2024
Financial Report Quarter Ended 31st December, 2024
Slide 28: Performance Report: Engineering for Q3 FY25
Financial Report Quarter Ended 31 st December, 2024 Pe›Yormance Report: Engineering for Q3 FY '25 Performance Snapshot (T in Crore) Particulars Q3 rv 2s (sM) Q3 FY 24 (9M) Growth 9’o Performance Overview Engineering Engineering Engineering Witnesseda modest revenue growth of 4% this quarter with Rev
Slide 29: Steady Improvement in ROCE
Financial Report Quarter Ended 31st December, 2024 Steady Improvement inROCE ROCE% 53.9 50.3 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY 25 Q3 FY 25 We are able to meet our internal target of 50% in all the quarters of this fiscal year. This improvement inROCE is mainly due to the following reasons Optimisation o
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) 34 35 34 ]4 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 FY 22 FY 23 FY 23 FY 23 FY 23 FY 24 FY 24 FY 24 FY 24 FY 25 FY 25 FY 25 *Inventory includes NJ3 Crore of t
Slide 31: Engineering Performance (Business Vertical Wise) Q3 FY25 vs Q3 FY24
Financial Report Quarter Ended 31st December, 2024 Engineering Pe‹Yormance (Business Vertical Wise) Q3 FY ’25vsQ3 FY ’24 (T in Crore) Revenue Growth YOY Fine Blanking Stamping After Market Total Engineering 7% -4% 1 9'o 49’o EBITDA Growth YOY (Tin Crore) 1 7% -1'7o ]4Vo 1298 2.98 2.96 0.73 0.97 FY 2
Slide 32: Engineering Performance (Business Vertical Wise) YTD FY25 vs YTD FY24
Financial Report Quarter Ended 31st December, 2024 Engineering Performance (Business Vertical Wise) YTD FY ’25vsYTD FY ’24 (7 in Crore) Revenue GroMh YOY Stamping After Market Total Engineering 66.39 60.28 EBITDA GroMh YOY (Z in Crore) 97.81 10.96 9.02 1.94 0.75 FY 24 FY 25 FY 24 FY 25 Note: YOY mea
Slide 33: Financial Summary of Engineering Division
Financial Report Quarter Ended 31st December, 2024 Financial Summary ofEngineering Division (T in Crore) Particulars Q3 FY 24-25 Q3 FY 23-24 YTD FY 24-25 YTD FY 23-24 Revenue 204.17 197.23 617.17 566.55 EBITDA 32.33 28.84 97.81 79.95 EBITDA % on revenue 15.84 14.63 15.85 14.11 EBT 24.67 18.75 76.07
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 31st December, 2024 Financial Summary oftheAutomotive Motors Division (T in Crore) Particulars Q3 FY 25 Q3 FY 24 YTDFY25 YTD FY 24 Revenue 15.30 16.57 49.50 48.35 EBITDA —0.82 0.41 -136 0.54 EBITDA % on revenue -5.36 2.47 -2.75 1 12 EBT -1.OF 0.01 -2.10 -057 EBT 0/o on
Slide 36: Financial Summary of Steel Division
Financial Report Quarter Ended 31st December, 2024 Financial Summary ofSteel Division (T in Crore) Particulars Q3 FY 24-25 Q3 FY 23-24 YTD FY 24-25 YTD FY 23-24 Revenue 46.64 58.08 139.58 133.44 EBITDA 2.71 050 6.04 0.01 EBITDA % on revenue 5.81 0.79 4.55 0.01 EBT 1.24 -0.96 1.75 -l]5 EBT 0/o on rev
Slide 37: GAAL Global Automotive & Appliances Pvt Ltd
Financial Report Quarter Ended 31st December, 2024 GAAL Global Automotive& Appliances Pvt Ltd (T in Crore) Particulars QIFY25 Q3 FY 24 YTD FY 25 YTD FY 24 Revenue 25.49 10.29 70.96 45.84 EBITDA 2.93 0.87 7.76 4.40 EBITDA % on revenue 1.49 8.45 10.94 9.60 EBT 2.95 0.87 7.76 4.40 EBT % on revenue 11.4
Slide 38: TAAL Thai Automotive & Appliances Limited
Financial Report Quarter Ended 31st December, 2024 TAAL Thai Automotive& Appliances Limited (T in Crore) Particulars Q]FY25 Q3 FY 24 YTD FY 25 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 0.67 017 EBT % on revenue 1.08 4.3
Slide 39: Refrigerator Plant, Pune
Financial Report Quarter Ended 31st December, 2024 Refrigerator Plant, Pune IFBIndustries Limited invested T97 Crore in IFB Refrigeration Limited, now holdinga 41.40% equity stake, with potential plans to increase this later. The plant was completed in record time and began commercial production in
Slide 40: Note on current status after takeover
Financial Report Note on current statu: after takeove
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 31st December, 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 Sch
Slide 43: Standalone Balance Sheet
Financial Report Quarter Ended 31st December, 2024 FINANCIAL STATEMENTS Standalone Balance Sheet (7 in Crore) 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 Asso
Slide 44: Standalone Key Ratios
Financial Report Quarter Ended 31st December, 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 1v58 Book Value Per Share (in T) 205.66 175.46 205.66 175.46
Slide 45: Standalone Cashflow Statement
Financial Report Quarter Ended 31st December, 2024 FINANCIAL STATEMENTS Standalone Cashflow Statement (Annual) (7in Crore) YTD Standalone Cashflow Statements 31 Dec,24 31 Dec,2] CASHFLOWS FROM OPERATING ACTIVITIES Profit Before Tax 1 41.92 74.13 Non Cash and Other Adjustments 104.88 l 03.87 Operatin
Slide 46: Consolidated Income Statement (Quarterly and Year-to-date Results)
Financial Report Quarter Ended 31st December, 2024 FINANCIAL STATEMENTS Consolidated Income Statement (Quarterly and Year-to-date Results) (T in Crore) QTR YTD Consolidated Income Statement ›i Dec, 24 31 Dec, 23 31 Dec, 24 31 Dec, 23 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 in Crore) Q3 FY 25 Q3 FY24 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 Profit Before Tax 42.11 26.28 Profit After
Slide 48: Consolidated Balance Sheet
Financial Report Quarter Ended 31st December, 2024 CONSOLIDATED BALANCE SHEET (T in Crore) Key Indices as on 31st December, 2024 31 Dec, 24 31 Mar, 24 ASSETS Property, Plant and Equipment” 697.82 645.45 Investment in Equity Shares 57.49 70.86 Inventories 728.52 539.19 Investment in Mutual Funds 271.
Slide 49: Contact and Disclaimer
OVE R MILLION S ATIS F IE D C U S TO ME R S Microwave Oven Built-in-0ven Dishwasher DC6 FF Refrigerators ChimneyI Built-in-Hot Top Load Front Load 1006 Clothes Dryer Air Conditioner Contact Phone +91 33 39849475/9524 - Email investor_reIation@ifbglobaI.com Disclaimer This presentation contains state