IFBAgro

Kolkata-based liquor and marine products firm IFB Agro Industries has posted a good set of numbers for Q2FY17. On a 46% (YoY) jump in net sales at Rs.273 crore, the company posted a good 28% rise in net profit at Rs.9 crore. EBITDA was steady at Rs.13 crore.

It has two verticals – Marine products and alcohol. Major chunk of its topline comes from marine products – contributing 66% to the total revenue. This vertical recorded a 58% rise while alcohol rose 30%. In terms of EBIT though, marine products stands at a miniscule 2.52, down from 3.53% and that of alcohol is better but lower this quarter at 9.57% v/s 13.89% (YoY).

The company’s equity is at Rs.9.37 crore and reserve is at a healthy Rs.242 crore. Debt free, its annualized EPS stands at Rs.38.