IFGL Refractories Q1 Results Revenue Hits ₹423.85 Crores

IFGL Refractories Quarterly Comparison

IFGL Refractories Q1 Results: IFGL Refractories has shared its financial results for the first quarter of the fiscal year, showing some positive changes. The total revenue for June 2023 is ₹423.85 crores, which is a 15.14% increase compared to March 2023 (QoQ). This means the company is making more money from sales than it did last quarter. When looking at the year-over-year (YoY) figures, it's important to compare these results to the same period last year, which would provide more context for the growth trends.

IFGL Refractories’ total operating expenses also increased by 14.26% (QoQ), reaching ₹383.47 crores. This rise in expenses is not unusual for growing companies, but it's important to monitor. However, the operating income rose significantly by 24.17% (QoQ), reaching ₹40.38 crores, which indicates improved efficiency in managing costs. The net income before taxes showed a small increase of 4.30% (QoQ), bringing it to ₹41.29 crores.

IFGL Refractories’ net income, which reflects the actual profit after all expenses, slightly increased by 0.66% (QoQ) to ₹29.61 crores. Overall, the company seems to be doing well in terms of revenue growth and maintaining a healthy profit margin, but year-over-year (YoY) comparisons would provide clearer insights into its overall performance over time.

Here are the Q1 results for IFGL Refractories, presented in a table format:

Source: Here 

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IFGL Refractories Q1 Results

IFGL Refractories’ Revenue from operations is the money that the company earned from selling its products, which was ₹24,156 lakhs for this quarter. Other income, which is money earned from sources other than sales, was ₹677 lakhs, bringing the total income to ₹24,833 lakhs.

IFGL Refractories had various expenses, totaling ₹21,891 lakhs. These expenses include costs for raw materials, employee salaries, finance costs, and depreciation. The profit before tax was ₹2,942 lakhs, which means after subtracting expenses from total income, this is the amount left before paying taxes.

IFGL Refractories’ After accounting for taxes, the profit for the period was ₹2,196 lakhs. The table also highlights other comprehensive income, which showed a slight loss, affecting the overall comprehensive income to ₹2,193 lakhs. Lastly, the earnings per share were ₹4.32, which indicates how much profit is attributed to each share of the company. This table provides a clear view of the company’s financial health and performance during the quarter.

Here's a summary of the unaudited standalone financial results for the quarter ended June 30, 2024:

IFGL Refractories Stock Metrics

IFGL Refractories table provides important financial information. The market capitalization, which is the total value of the company's shares, is ₹ 2,162 crore, indicating its size in the market. The current stock price is ₹ 600, with a high of ₹ 936 and a low of ₹ 435 over a certain period. The Stock P/E (Price to Earnings ratio) is 28.2, showing how much investors are willing to pay for each rupee of earnings. The book value per share is ₹ 297, indicating the net asset value. Additionally, the company has a dividend yield of 1.16%, meaning it pays shareholders a small percentage of their investment as dividends. 

Here’s a summary of the financial data you provided:

Quarterly Results 

IFGL Refractories table shows key financial figures for the periods of December 2023, March 2024, and June 2024. In December 2023, the company had sales of ₹366 crores and expenses of ₹370 crores, resulting in a loss of ₹4 crores in operating profit. This was a challenging quarter, reflected by the negative Operating Profit Margin (OPM) of -1%. However, in March 2024, sales increased to ₹394 crores, and operating profit improved to ₹35 crores, indicating recovery. 

Here’s the table for the periods Dec 2023, Mar 2024, and Jun 2024:

About IFGL Refractories 

IFGL Refractories is a fast-growing company in the refractory industry, which focuses on products used in making iron and steel. The company provides a variety of specialized products, including Slide Gate Systems, Purging Systems, and Ladle Refractories, which are essential for the steel-making process. With over 10 manufacturing plants located in Asia, Europe, and North America, IFGL serves more than 50 countries worldwide. They employ around 2,000 people from diverse backgrounds who are trained to meet the increasing demand for refractories.

IFGL Refractories has over 40 years of experience and is dedicated to creating innovative and sustainable solutions for its customers. IFGL aims to support the growth of the steel industry and contribute to infrastructure development for the future. Their technical teams work hard to ensure that their products meet high standards of quality and effectiveness, helping customers succeed in their operations.