February 24, 2018 1:13 PM ET

Construction Materials

Company Overview of IFGL Refractories Limited

Company Overview

IFGL Refractories Limited engages in the manufacture, trade, and sale of refractory items used in steel plants. It offers isostatic, slide gate refractories, tube changer systems, and purging systems refractories; cast products and monolithics, zircon and zircona nozzles, spray machines, robotic gunning, and slag control darts and machines; and foundry ceramics, wire guides, and heating ovens. The company was formerly known as IFGL Exports Limited has changed its name to IFGL Refractories Limited in October 2017. IFGL Refractories Limited is headquartered in Kolkata, India.

Mcleod House

3, Netaji Subhas Road

Kolkata,  700001

India

Phone:

91 33 4010 6100

Fax:

91 33 2243 0886

Key Executives for IFGL Refractories Limited

IFGL Refractories Limited does not have any Key Executives recorded.

IFGL Refractories Limited Key Developments

Monocon Reports Earnings Results for the Fiscal Nine Months of 2018

Monocon reported earnings results for the fiscal nine months of 2018. For the period, the company reported total income of £18.94 million representing a growth of 5.7%. EBITDA stood at £1.45 million at 7.7% while PAT was about £1.02 million.

IFGL Refractories Limited Announces Change of Chief Financial Officer

IFGL Refractories Limited announced that at the meeting of the Board of Directors held on February 10, 2018, Mr. Kamal Sarda has ceased to hold the post of Chief Financial Officer and on the recommendation of Nomination and Remuneration Committee, the Board of Directors appointed Mr. Sikander Yadav as Chief Financial Officer of the company with effect from February 10, 2018.

IFGL Refractories Limited Announces Unaudited Standalone and Consolidated Earnings Results for Third Quarter and Nine Months Ended December 31, 2017

IFGL Refractories Limited announced unaudited standalone and consolidated earnings results for third quarter and nine months ended December 31, 2017. For the quarter, the company reported standalone revenue from operations was INR 1,091.6 million against revenue from operations of INR 993.1 million a year ago. Profit before tax was INR 30.0 million against profit before tax of INR 33.4 million a year ago. Profit for the period was INR 1.7 million against profit for the period of INR 42.6 million a year ago. Basic and diluted per share was INR 0.05 against basic and diluted per share of INR 1.18 a year ago. For the period, the company reported standalone revenue from operations was INR 3,245.8 million against revenue from operations of INR 2,804.6 million a year ago. Profit before tax was INR 214.0 million against profit before tax of INR 99.3 million a year ago. Profit for the period was INR 129.3 million against profit for the period of INR 123.7 million a year ago. Basic and diluted per share was INR 3.59 against basic and diluted per share of INR 3.43 a year ago. EBITDA was INR 520 million. For the quarter, the company reported consolidated revenue from operations was INR 2,101.3 million against revenue from operations of INR 1,870.0 million a year ago. Profit before tax was INR 115.7 million against profit before tax of INR 101.9 million a year ago. Profit for the period was INR 66.5 million against profit for the period of INR 76.9 million a year ago. Basic and diluted per share was INR 1.85 against basic and diluted per share of INR 2.13 a year ago. For the period, the company reported consolidated revenue from operations was INR 6,110.4 million against revenue from operations of INR 5,701.7 million a year ago. Profit before tax was INR 409.8 million against profit before tax of INR 403.5 million a year ago. Profit for the period was INR 273.1 million against profit for the period of INR 344.2 million a year ago. Basic and diluted per share was INR 7.58 against basic and diluted per share of INR 9.55 a year ago. EBITDA was INR 763 million.

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