The company made this announcement after market hours on Wednesday, 23 November 2011.

Meanwhile, the BSE Sensex was down 175.83 points, or 1.12% to 15,524.14.

On BSE, 226 shares were traded in the counter as against average daily volume of 8,612 shares in the past one quarter.

The stock hit a high of Rs 72 and a low of Rs 70.15 so far during the day. The stock had hit a 52-week low of Rs 68.25 on 16 November 2011. The stock had hit a 52-week high of Rs 159.80 on 18 March 2011.

The stock had underperformed the market over the past one month till 23 November 2011, declining 36.82% compared with the Sensex's fall of 6.47%. The stock had also underperformed the market in past one quarter, sliding 40.54% as against Sensex's decline of 4.84%.

The company has an equity capital of Rs 35.45 crore. Face value per share is Rs 10.

IFB Industries' net profit fell 27.5% to Rs 6.31 crore on 19.6% growth in net sales to Rs 198.40 crore in Q2 September 2011 over Q2 September 2010.

IFB Industries manufactures consumer durable products like dryers, washing machines, microwave ovens, dishwashers. Promoters hold 71.56% stake in IFB Industries.