India’s IFB Industries posts narrower Q3 loss on engineering unit enhance
BENGALURU, Jan 30 (Reuters) – India’s IFB Industries Ltd (IFBI.NS) posted a narrower third-quarter loss on Monday as vulnerable gross sales of its house home equipment had been offset by way of robust ends up in its industry that makes motors for white items and for automobile programs.
IFB’s consolidated web loss narrowed to 11.4 million rupees ($139,890) within the 3 months ended Dec. 31, from 32.1 million rupees a yr previous when prime prices and occasional call for harm margins.
Shoppers in India have restricted their budgets because of emerging inflation, which has led to low call for for