Profit before tax (PBT) increased 43.77% YoY to Rs 177.56 crore during the quarter. EBITDA jumped 16.87% to Rs 175.62 crore in Q2 FY25 as compared with Rs 150.27 crore posted in same quarter last year. Exports fell marginally 0.12% to Rs 652.97 crore during the quarter from 653.77 crore posted in Q2 FY24. Ferro Chrome production rose 2.17% to 68,248 tonnes in Q2 FY25 as compared with 66,796 tonnes in Q2 FY24 while Ferro Chrome sales marginally declined 0.74% to 66,951 tonnes in Q2 FY25 from 67,448 tonnes in Q2 FY24. Revenue from power generation declined 6.42% to 277 million units in Q2 FY25 from 296 million units in Q2 FY24. Revenue from chrome ore stood at 104,327 tonnes in Q2 FY25, down 21.95% as compared with 133,666 tonnes in Q2 FY24. Subhrakant Panda, Managing Director,said, '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, demand for stainless steel has marginally dropped largely due to economic uncertainty. However, the long awaited stimulus measures announced in China coupled with the recent uptick in PMI are positive signs for the metals sector in general.' He added, '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.' Meanwhile, the company's board has declared an interim dividend of Rs 10 per share for FY25. The record date for the said dividend shall be Friday, 15 November 2024. The interim dividend will be paid to such shareholders on or before Saturday, 7th December 2024. Indian Metals & Ferro Alloys primarily produces ferro alloys, including charge chrome (high carbon ferro chrome), and has an installed furnace capacity of 190 MVA (284,000 MTPA) in its two plant sites at Therubali and Choudwar, in Odisha.Powered by Capital Market - Live

Indian Metals & Ferro Alloys announced that the Board of Directors of the Company at its meeting held on 7 November 2024, inter alia, have recommended the interim dividend of Rs 10 per equity Share (i.e. 100%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Net profit of Indian Metals & Ferro Alloys rose 40.20% to Rs 125.02 crore in the quarter ended September 2024 as against Rs 89.17 crore during the previous quarter ended September 2023. Sales declined 0.10% to Rs 691.92 crore in the quarter ended September 2024 as against Rs 692.61 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales691.92692.61 0 OPM %24.6321.69 - PBDT183.80148.83 23 PBT170.31123.15 38 NP125.0289.17 40 Powered by Capital Market - Live

Indian Metals & Ferro Alloys will hold a meeting of the Board of Directors of the Company on 7 November 2024Powered by Capital Market - Live

The agency has also reaffirmed the company's short-term rating at '[ICRA] A1+'. ICRA stated that the ratings reaffirmation factors in the healthy financial performance of Indian Metals & Ferro Alloys Limited's (IMFA) in FY2024 and expected sustenance of the same over the near term, leading to a healthy profitability, net cash accruals and debt coverage indicators. The ratings also consider the comfortable financial risk profile of the company, which has witnessed a steady improvement over the years following the material deleveraging done since FY2022, supported by attractive ferrochrome spreads. The ratings continue to favourably factor in the experience of the promoters in the ferro-alloy industry and the established track record of the company as one of the largest exporters of ferro chrome from India. The ratings also consider IMFA's competitive cost structure, on a global scale, on account of the integrated nature of its operations (it is largely self-reliant in terms of chrome ore and power). The ratings are, however, tempered by IMFA's exposure to the inherent cyclicality of the ferro-chrome industry. The ratings also remain constrained by the execution and operational risks associated with the large-scale capex programme of accumulating around Rs. 1,750 crore, to be incurred over the next seven years towards setting up of a greenfield ferrochrome unit at Kalinganagar and brownfield mine expansions. Indian Metals & Ferro Alloys (IMFA) primarily produces ferro alloys, including charge chrome (high carbon ferro chrome), and has an installed furnace capacity of 190 MVA (2,84,000 metric tonnes per annum (MTPA)) in its two plant sites at Therubali and Choudwar, in Odisha. The company's operations are supported by a 200-MW captive thermal power plant at Choudwar, captive chromite mines and a 4.5-MW solar power plant. The scrip lost 0.18% to currently trade at Rs 645.75 on the BSE. Powered by Capital Market - Live

India Metal & Ferro Alloys announced that ICRA vide its letter dated 4 September, 2024 has reaffirmed the long-term rating at [ICRA]AA- (Stable) (pronounced ICRA Double A Minus Stable) and the short-term rating at [ICRA]A1+ (pronounced ICRA A One plus). The outlook on the long-term rating has also been reaffirmed at Stable. Powered by Capital Market - Live

Net profit of Indian Metals & Ferro Alloys rose 2.42% to Rs 113.06 crore in the quarter ended June 2024 as against Rs 110.39 crore during the previous quarter ended June 2023. Sales declined 5.62% to Rs 662.28 crore in the quarter ended June 2024 as against Rs 701.73 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales662.28701.73 -6 OPM %24.3624.63 - PBDT170.21174.46 -2 PBT156.66149.44 5 NP113.06110.39 2 Powered by Capital Market - Live

Indian Metals & Ferro Alloys will hold a meeting of the Board of Directors of the Company on 31 July 2024.Powered by Capital Market - Live