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IMFA Q2FY27 Net Profit Rises 50.62% to ₹148.77 Crore on Higher Volumes
Sentiment: PositiveHigh Priority
What Happened?
Indian Metals and Ferro Alloys Ltd (IMFA) reported a 50.62% increase in net profit to ₹148.77 crore for Q2FY27, driven by higher production and sales volumes. Revenue also rose by 34.72% to ₹968.17 crore.
Key points
- IMFA's net profit for Q2FY27 reached ₹148.77 crore, up from ₹98.77 crore a year earlier.
- Revenue increased to ₹968.17 crore from ₹718.65 crore in the same quarter last year.
- Ebitda rose to ₹235.04 crore, compared to ₹138.34 crore in Q2FY26.
- Exports contributed significantly, with revenue of ₹817.54 crore in Q2FY27, up from ₹603.96 crore last year.
- Production capacity expansion at Kalinganagar is expected to boost future growth.
- The company plans to invest ₹375 crore to enhance chrome ore raising capacity and develop low-carbon ferrochrome production.
Key insights
- The increase in production capacity could lead to greater market share for IMFA in the ferrochrome sector.
- Higher export revenues may enhance the company's financial stability and growth prospects.
- The investment in low-carbon ferrochrome production aligns with global sustainability trends, potentially attracting eco-conscious clients.
Why it matters
IMFA's strong financial performance indicates resilience in a challenging market, benefiting stakeholders involved in ferrochrome production.
Entities
Indian Metals and Ferro Alloys Ltd· CompanyKalinganagar· LocationMohan Charan Majhi· PersonOdisha· State
Source
Business Standard
