IMFA Sees Profits Surge Over Double in March Quarter, Set to Expand Operations

Indian Metals and Ferro Alloys reported a significant rise in profits for the March quarter, driven by increased income. The company plans further expansion, including a new ferrochrome facility in Odisha and an ethanol plant, with projected completion in fiscal year 2027.

Indian Metals and Ferro Alloys (IMFA) has announced an impressive increase in its consolidated net profit, soaring over two times to Rs 103 crore in the March quarter of FY 2025-26. This growth is attributed to a boost in total income for the company.

Compared to a net profit of Rs 47.40 crore in the same period last year, IMFA's income climbed to Rs 769.20 crore from Rs 584.16 crore. The board recommended a final dividend of Rs 7.5 per share, pending approval at the upcoming Annual General Meeting.

Looking ahead, IMFA is nearing completion of its KNR 1 ferrochrome project in Odisha, while its ethanol plant project advances towards a projected Q2FY27 completion. Headquartered in Bhubaneswar, IMFA remains the largest integrated producer of value-added ferrochrome in India.