IFB INDUSTRIES-Entering New Areas

EPW Research Foundation THE diversified IFB Industries is engaged in the manufacture of domestic appliances and automotive parts. Further, the company is also engaged in trading activities. For the year ended June 30, 1996, the company saw a mere 1.9 per cent increase in its net profit despite a 34.1 per cent rise in net sales. While a sharp increase in operating expenses saw operating profit rise by a lower 24.3 percent, even sharper increases of 35 per cent in depreciation and of 97.6 per cent in interest charges led to an insignificant rise in the bottomline. While imports increased by 4.4 per cent, exports improved by 6.7 per cent.