IMFA Delivers Strong Q4 Performance: Net Profit Soars 35%, Revenue Climbs 10%

Indian Metals & Ferro Alloys Ltd (IMFA), India’s leading integrated ferro chrome producer, reported a robust financial performance for the quarter ended March 2024. The company’s consolidated net profit surged by 34.75% year-on-year to ₹862.7 million, up from ₹640.2 million in the same quarter last year. Revenue from operations also witnessed a healthy 10% growth, reaching ₹7.01 billion compared to ₹6.37 billion in the previous year’s corresponding quarter.

 

Key Highlights:

 

Consolidated net profit for Q4 FY24 stood at ₹862.7 million, marking a 35% increase year-on-year.

 

Revenue from operations rose 10% to ₹7.01 billion in Q4 FY24.

 

For the full financial year, net profit jumped 75% to ₹3.95 billion, while annual sales grew nearly 4% to ₹27.8 billion.

 

Operating Profit Margin (OPM) for the quarter was 14.96%, reflecting a resilient operational performance despite sectoral headwinds.

 

The company continues to reinforce its position as a fully integrated ferro chrome producer, capitalizing on strong demand and operational efficiencies.

 

IMFA’s management attributed the strong results to improved realizations, efficient cost management, and stable demand in both domestic and export markets. The company remains optimistic about sustaining growth momentum in the upcoming quarters, supported by a favorable industry outlook and ongoing capacity enhancements.

 

Sources: Business Standard, Moneycontrol, Screener