Indian Metals and Ferro Alloys Ltd declared a ₹5 interim dividend and reported ₹7.19 billion revenue with ₹974.8 million net profit for Q2. A strategic asset transfer agreement with Tata Steel for a ferro alloys plant acquisition strengthens capacity and growth prospects .
Indian Metals and Ferro Alloys Ltd (IMFA) has declared an interim dividend of ₹5 per share for shareholders, reflecting strong financial health and commitment to rewarding investors. The company also reported solid Q2 performance alongside a key strategic move involving Tata Steel.
Dividend Declaration
IMFA approved an interim dividend of ₹5 per share, reinforcing shareholder value amid steady operational performance .
Financial Performance
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For the September quarter, IMFA posted consolidated revenue from operations of ₹7.19 billion.
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Net profit for the quarter stood at ₹974.8 million, evidencing improved profitability supported by operational efficiency.
Strategic Asset Transfer
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IMFA signed an asset transfer agreement with Tata Steel to purchase a ferro alloys plant, marking a major step in capacity expansion and product portfolio enhancement.
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This acquisition is expected to bolster IMFA’s production capabilities and market footprint in the ferro alloys sector.
Outlook
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The company’s strategic initiatives combined with robust financials position it well for sustainable growth in the metals and alloys industry.
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IMFA continues to strengthen its market presence and deliver value to shareholders through operational excellence and strategic acquisitions.
Sources: Reuters, Economic Times, Indian Metals and Ferro Alloys Ltd official releases.