Indian Metals & Ferro Alloys Posts Rs 91.48 Crore Profit in June Quarter

Bhubaneswar, July 30, 2025 – Indian Metals & Ferro Alloys Ltd (NSE: IMFA, BSE: 533047), an integrated ferro alloys producer, reported improved profitability for the quarter ended June 30, 2025 (Q1 FY26), supported by firm export performance and steady production. The company posted net profit of Rs 91.48 crore in June quarter.

Indian Metals & Ferro Alloys Ltd Share Price Performance

As of 30 July 2025, the share price of Indian Metals & Ferro Alloys Ltd closed at ₹731.50, 1.54% lower than its previous close of ₹742.95. The stock opened at ₹741.60 and traded between ₹703.50 and ₹750.10. The stock’s P/E ratio is 10.42 compared to the industry average of 7.47.

Financial Performance – Standalone (₹ in crore)

At the end of Q1 FY26, IMFA had standalone revenue of 641.54 crores and PAT of 91.48 crores with an EPS of 16.96. EBITDA was at 125.47 crore, which provided a margin of 19.56 %. PAT margin was 14. 26 percent. The exports stood at 556.26 crore, similar to the operational and export performance witnessed in previous quarters.

Operational Highlights

In Q1 FY26, IMFA has manufactured 65,929 tonnes of Ferro Chrome and sold 66,580 tonnes, a 0.1 per cent growth over the previous quarter and last year. There was consistency at 278 MU of power generation. Significant declines in Chrome ore raised occurred at 103,780 tonnes in comparison with 220,248 tonnes in Q4 FY25 and 202,772 tonnes in Q1 FY25, signalling a tactical change or time difference in mining activities.

Business Developments

The Kalinganagar green field growth by IMFA is going on as expected, and Sukinda underground coal mining is still in the early stages of development. The company’s ethanol project has also begun construction. As of June 30, 2025, the company maintained a robust financial situation, with no long-term debt, further solidifying its commitment to sustainable development.

Management Commentary

Subhrakant Panda, Managing Director, stated:

“Ferro Chrome prices picked up during the first quarter of FY26 reflecting a trend reversal and, combined with steady operations sharply focused on efficiency and cost control, led to an improved financial performance.

With reciprocal tariff related uncertainty starting to settle down, we expect a positive impact on global trade especially if inflation continues to remain relatively muted.”

He added:

“Keeping in mind constraints in chrome ore procurement by non-integrated producers in India and cutbacks in alloy production worldwide, we expect the baseline price of ferro chrome to move up as market conditions improve further. This lines up very well with our ongoing capacity expansion which is on track to be commissioned starting mid-2026.”

About the Company

Indian Metals & Ferro Alloys Ltd (IMFA), incorporated in 1961 and headquartered in Bhubaneswar, Odisha, is India’s leading fully integrated producer of value-added ferro chrome. It operates manufacturing units at Therubali and Choudwar, supported by 204.5 MW captive power (including 4.5 MWp solar) and captive chrome ore mines at Sukinda and Mahagiri. IMFA is ISO 9001 certified and listed on both NSE and BSE.

REF:https://nsearchives.nseindia.com/corporate/IMFA_30072025153652_Press_ReleaseQ1_FY26.pdf

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