Skip to main content

IMFA Reports Strong Q2 FY25 Financial Performance Driven by Higher Output and Operational Efficiency

 Indian Metals & Ferro Alloys Ltd (IMFA), India’s leading fully integrated producer of ferro alloys, announced robust financial results for the second quarter of FY25, ending on September 30, 2024.

Financial Performance Highlights

For Q2 FY25, IMFA reported strong standalone financial results:

  • Revenue: ₹691.92 crore
  • EBITDA: ₹175.62 crore, with a margin of 25.38%
  • Profit After Tax (PAT): ₹132.73 crore, achieving an 18.6% PAT margin
  • Earnings Per Share (EPS): ₹24.60 (not annualized)
  • Exports: ₹652.97 crore

This strong performance underscores IMFA's improved margins and profitability compared to the previous quarter, driven by higher production levels and operational efficiencies. Key figures from the company's half-yearly (H1 FY25) performance also reflect IMFA’s resilience in a challenging market, with a PAT of ₹250.25 crore and revenue totaling ₹1,354.2 crore.

Operational Highlights

IMFA’s operational metrics for Q2 FY25 demonstrated growth and stability:

  • Ferro Chrome Production: 68,248 tonnes
  • Ferro Chrome Sales: 66,951 tonnes
  • Power Generation: 277 million units
  • Chrome Ore Production: 104,327 tonnes

Management Remarks

Mr. Subhrakant Panda, Managing Director of IMFA, attributed the company’s solid Q2 performance to increased output, a focus on operational efficiency, and stable input costs and selling prices, which collectively led to enhanced profit margins. He commented, “Higher output, continued focus on operating efficiency, and stable input costs and selling prices have led to improved margins in the second quarter results.”

On the global front, Mr. Panda acknowledged that demand for stainless steel has softened amid economic uncertainties. However, he pointed to recent positive developments in China, including new stimulus measures and an uptick in the Purchasing Managers’ Index (PMI), as promising signals for the metals sector.

"Domestic ferro chrome prices have softened recently, making it unviable for non-integrated producers. In this context, access to captive ore and a debt-free balance sheet give us confidence, and we are focused on leveraging it to register superior performance,” Mr. Panda added.

About IMFA

Founded in 1961 and headquartered in Bhubaneswar, IMFA is India’s foremost fully integrated producer of high-quality ferrochrome, with an installed furnace capacity of 190 MVA, producing up to 284,000 tonnes annually. The company’s manufacturing facilities in Therubali and Choudwar are supported by a captive power generation capacity of 204.5 MW (including 4.5 MW of solar power) and its own chrome ore mines in Sukinda and Mahagiri. Known for its commitment to international standards, IMFA is ISO 9001 certified for Quality Management.

Comments

Post a Comment

Popular posts from this blog

Country Delight Launches NMR-Tested Honey: The Gold Standard of Purity

  Country Delight continues strengthening its promise of delivering the best purity and quality by launching 100% Pure Farm Honey (NMR Tested) Country Delight, a trusted name in premium and natural essentials, has announced the launch of 100% Pure Farm Honey (NMR Tested). Country Delight’s Farm Honey is Nuclear Magnetic Resonance (NMR) tested by a certified lab in Germany, making it one of the most authentic and reliable kitchen ingredients available to Indian homes. It also undergoes rigorous testing on 36 quality parameters as per FSSAI standards, including physicochemical, antibiotic and microbial, to rule out the presence of added sugars. Honey is not just a natural sweetener; it is increasingly valued for its functional benefits. With Country Delight's NMR-tested honey, consumers can enjoy a product that supports wellness through its natural composition, which is rich in antioxidants and phytonutrients and offers advantages over refined sugars.  Adulteration with cheaper ...
Post a Comment
Read more

CARE Ratings shares list at 25% premium on NSE

Credit Analysis and Research Limited (  CARE ) has listed at Rs 940, a 25% premium against its issue price of Rs 750 per share on the National Stock Exchange (NSE). The stock hit a high of Rs 955 and low of Rs 930 so far. A combined 1.41 million shares have changed hands on the counter in opening deals on the NSE and BSE. CARE, the second-largest credit rating agency in India, has raised Rs 540 crore by issuing 7.2 million shares through initial public offer (IPO). The company has fixed the issue price at higher price band at Rs 700-750 per share. The IPO attracted bids for 245.56 million shares against 7.2 million shares on offer, translating to 34.11 times subscription, according to information available in basis of allotment.   The category reserved for qualified institutional buyers (QIBs) was subscribed 43 times, while non-institutional investor’s portion received 110 times subscription. Shares reserved for retail investors got subscribed 6.11 tim...
Post a Comment
Read more

Prachay Capital’s Public Issue of Secured NCDs Fully Subscribed at 113.36%

Prachay Capital Limited, an RBI-registered Non-Banking Financial Company – Investment and Credit Company (NBFC-ICC), has successfully closed its public issue of Secured, Rated, Redeemable Non-Convertible Debentures (NCDs) at 113.36% subscription, according to exchange data. The issue, which opened on February 28, 2025, on the Bombay Stock Exchange (BSE), aimed to raise Rs 50 crore (excluding the greenshoe option) and closed on March 13, 2025. With a BSE listing, this issue was open for subscription to retail investors, high-net-worth individuals (HNIs), institutional investors, and corporates. The maiden NCDs issue is scheduled to list on 24 March 2025.  Rated BBB-/Stable by CRISIL, these NCDs offer investors a 13% per annum return with monthly interest payouts, making them an attractive fixed-income opportunity. The proceeds will be deployed as per the company’s stated fund allocation plan. Fund Utilization: Minimum 75% for the purpose of onward lending, investments in current and...
Post a Comment
Read more