Close Menu
The Startup Story
    Facebook X (Twitter) Instagram
    Tuesday, July 1
    Trending
    • Global Brand and Leadership Conclave 2025 by The Brand Story Celebrated Business and Leadership Excellence at the UK Parliament
    • Doctor’s Day 2025: Expert Advice That Could Transform Your Health
    • Saturo Technologies Participated in the 28th CFO Edition at Radisson Blu, Mumbai
    • Troika Tech AI Web Design Company in Mumbai India Unveils Bold New Logo
    • Giftex Unveils ‘Timeless Treasures’ — An Auction Celebrating the Art of Exceptional Design
    • On this Doctor’s Day, Best Health Experts Share Their Advice for a Healthy Life
    • G Square Zen Marks a Milestone in Srirangam – Premium Residential Plot and Villas Sees Record-Breaking Success in just 72 Hours
    • After Creating History with Guinness World Record, Save Earth Mission Announces Grand Global Vision Unveiling in Ahmedabad, India
    The Startup Story
    • Startup News
    • Business
    • Technology
    • National
    • World
    The Startup Story
    Home»Business»IFL Enterprises Ltd successfully turnaround business operations, reports net profit of Rs. 50.84 lakh in FY23
    Business

    IFL Enterprises Ltd successfully turnaround business operations, reports net profit of Rs. 50.84 lakh in FY23

    Arjun SinghBy Arjun SinghMay 11, 2023No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email
    • Total Income in FY23 stood at Rs. 646.22 lakh, up 153% Y-o-Y from Rs. 254.78 Lakh in FY22
    • Company allotted 4.54 crore bonus equity shares to eligible shareholders in a 1:4 ratio

    Ahmedabad (Gujarat) [India], May 11: Gujarat based IFL Enterprises Ltd – engaged in the papers and stationery business has successfully turnaround the business operations in FY23. Company reported standalone net profit of Rs. 50.84 lakh in FY23 as against net loss of Rs. 21.30 lakh in FY22. Total income during the year reported growth of 153% Y-o-Y to Rs. 646.22 lakh as against total income of Rs. 254.78 lakh in FY22. Company reported EBITDA of Rs. 70.75 lakh in FY23.

    On the consolidated front, company reported Total income of Rs. 946.98 lakh, EBITDA of Rs. 75.63 lakh and Net profit of Rs. 51.81 lakh in FY23.

    Company has recently secured export orders worth USD 8.16 million (approx. Rs. 67 crores) from Kenyan company, Frereana Holding Ltd. The order is for the supply of writing books, textbooks, bond paper and copier papers for schools in Kenya. The company has completed the due diligence with the overseas partner. The export shipments are scheduled from June 2023 and are expected to be completed by March 2024. The order is subject to 80% advance payment as per the agreed terms of the contract, the balance 20% on order delivery.

    Commenting on results and performance, Mr. Dolar Shah, Managing Director & CFO, IFL Enterprises Ltd said, “Company’s performance during the quarter and full year has been quite remarkable amidst the challenging economic and business scenario prevailing across the globe. We are further confident to improve our growth numbers of revenue, margins and profitability in FY 23-24. Our strategic growth initiatives, product and geographical expansion, operational efficiency are likely to contribute towards rapid growth in years to come. The company is working towards executing its growth strategy in a manner that creates exponential value for all stakeholders in the near to medium term.”

    Incorporated in the year 2009, IFL Enterprises Ltd is a leading Paper trading company. It offers a diverse product range which includes All kinds of Paper related items. like Writing paper, coated paper, A/4 paper, Hi bright, Copier paper, Duplex Board, Art and Craft paper, Notebooks, etc. Company in its board meeting held on April 24, 2023, has allotted 4.54 crore equity shares of Rs. 1 each as fully paid bonus shares to the existing shareholders of the company. The company had declared bonus issue in a 1:4 ratio (One fully paid equity share for every four equity shares held) and stock split in a 1:10 ratio (One equity share of the face value of Rs. 10 each into 10 equity shares of the face value of Rs.1 each).

    If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

    #estatesector #covid19
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleIndian News Platform Vygr forays into Goa, its second physical location within 6 months of the Launch
    Next Article Jain Group of Institutions launch Master’s in Political Science and International Relations
    Arjun Singh
    • Website

    Related Posts

    Brixline revolutionises India’s construction & home ownership market

    June 30, 2025

    Eternia: Spacious Residences For Grand Living

    June 28, 2025

    Inauguration of Electric Vehicles in TATA Steel

    June 27, 2025

    Comments are closed.

    Latest Post

    Global Brand and Leadership Conclave 2025 by The Brand Story Celebrated Business and Leadership Excellence at the UK Parliament

    June 30, 2025

    Doctor’s Day 2025: Expert Advice That Could Transform Your Health

    June 30, 2025

    Saturo Technologies Participated in the 28th CFO Edition at Radisson Blu, Mumbai

    June 30, 2025

    Troika Tech AI Web Design Company in Mumbai India Unveils Bold New Logo

    June 30, 2025

    Giftex Unveils ‘Timeless Treasures’ — An Auction Celebrating the Art of Exceptional Design

    June 30, 2025

    On this Doctor’s Day, Best Health Experts Share Their Advice for a Healthy Life

    June 30, 2025

    G Square Zen Marks a Milestone in Srirangam – Premium Residential Plot and Villas Sees Record-Breaking Success in just 72 Hours

    June 30, 2025

    After Creating History with Guinness World Record, Save Earth Mission Announces Grand Global Vision Unveiling in Ahmedabad, India

    June 30, 2025

    Trailblazers of Change: Influential Personalities Shaping Society for a Better Tomorrow

    June 30, 2025
    Categories
    • Alieus Hedge Fund
    • Automobile
    • Awards with Asia Insurance Review
    • Bajaj Allianz General Insurance
    • Business
    • Business News
    • Chairperson & MD
    • Demat Account
    • Design
    • Education
    • English
    • ENTERTAINMENT
    • Events
    • Fashion
    • FATx Coin
    • Feb-2025
    • Finance
    • Health
    • Hindi
    • home loan
    • Home Loan EMI Calculator
    • Issues Rs 100 Crore Bond
    • Launching Worldwide
    • Lifestyle
    • Municipal Corporation
    • National
    • NW Draft
    • Opinion
    • Pallavi Jha
    • Photography
    • Piramal Finance
    • Piramal Finance Home Loan EMI Calculator
    • PNN News
    • Press Release
    • Rajkot
    • Sports
    • Startup News
    • Tech
    • Technology
    • Techonology
    • Travel
    • Uncategorized
    • Walchand PeopleFirst
    • World
    • एजुकेशन
    • नेशनल
    • बिज़नस
    • लाइफस्टाइल
    • हेल्थ
    Copyright 2025 © Designed by The Startup Story.

    Type above and press Enter to search. Press Esc to cancel.