IFGL Refractories sees 95% rise in net profit in Q2 FY 2023-24

2023-11-20

Nov. 20, 2023 - India’s IFGL Refractories Limited (IFGL) has reported a net profit of INR 380 million ($4.56 million) in the second quarter (July-September) of the fiscal year 2023-24, up 95.37 percent year on year, according to a regulatory filing on Monday, November 6.

The company reported a total income of INR 4.59 billion ($55.15 million) during the quarter, up 32.93 percent year on year.

For the half-year period (April-September) of the fiscal year 2023-24, the company reported a net profit of INR 676.10 million ($8.11 million), up 98.85 percent year on year.

The company reported a total income of INR 8.87 billion ($106.58 million) during April-September, up 25.7 percent year on year.