Indian Metals & Ferro Alloys Ltd (IMFA), India’s leading integrated ferro alloys producer, announced its Q4 FY25 results, reporting a 34% year-on-year rise in net profit to ₹47.3 crore from ₹35.3 crore.
The growth in profit came despite a 19% decline in revenue, which fell to ₹567.2 crore from ₹700.6 crore, impacted by weak global commodity prices and macroeconomic headwinds.
Operating performance reflected the challenging environment, with EBITDA falling 32.3% to ₹71 crore from ₹104.8 crore last year. Correspondingly, margins contracted to 12.52% in Q4 from 14.96% in the year-ago period.
Managing Director Subhrakant Panda acknowledged the difficult operating backdrop, stating: “Despite a challenging macroeconomic environment and depressed commodity prices during Q4, IMFA demonstrated resilience by leveraging its fully integrated business model and long-term debt-free balance sheet along with a sharp focus on operational efficiency.”
Looking ahead, Panda highlighted an improving outlook. “With ferro chrome prices recovering from recent lows, we are seeing improved margins in the ongoing quarter which will translate into better financial performance going ahead,” he said.
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The company is progressing on its Kalinganagar expansion, a 100,000 tpa ferro chrome project expected to boost capacity by 40%. Operations are on track to begin in Q2 FY27. IMFA has also partnered with renewable energy firms for 110 MW hybrid power supply to align with its expansion and reduce carbon footprint.
Additionally, the company’s ethanol project is scheduled for commissioning in Q4 FY26, aimed at enhancing value creation by tapping into underutilised infrastructure.
Post earnings, shares of IMFA were trading flat at 0.19% lower at ₹642.05 on the BSE at 02:00 PM.