The company made this announcement after market hours on Friday, 16 March 2012.

Meanwhile, the BSE Sensex was down 11.63 points, or 0.07% to 17,454.57.

On BSE, 6,842 shares were traded in the counter as against average daily volume of 7,329 shares in the past one quarter.

The stock hit a high of Rs 86.90 and a low of Rs 71.85 so far during the day. The stock had hit a 52-week high of Rs 159.80 on 18 March 2011. The stock had hit a 52-week low of Rs 58.05 on 29 December 2011.

The stock had underperformed the market over the past one month till 16 March 2012, falling 8.57% compared with the Sensex's 3.79% fall. The scrip had, however, outperformed the market in the past one quarter, surging 27.38% as against the Sensex's 12.75% gain.

The small-cap company has an equity capital of Rs 35.52 crore. Face value per share is Rs 10.

IFB Industries' net profit declined 46.9% to Rs 10.76 crore on 10.6% growth in net sales to Rs 230.10 crore in Q3 December 2011 over Q3 December 2010.

IFB Industries manufactures consumer durable products like dryers, washing machines, microwave ovens, dishwashers.