Iron & Steel Products company Indian Metals & Ferro Alloys announced Q1FY25 results: Revenue: Rs 662.28 million, a slight decrease compared to Q4FY24 (Rs 700.56 million) and Q1FY24 (Rs 701.73 million). EBITDA: Rs 167.31 million, an increase from Q4FY24 (Rs 125.65 million) but a decline compared to Q1FY24 (Rs 172.92 million). Profit After Tax (PAT): Rs 117.52 million, up from Rs 82.65 million in Q4FY24 and slightly higher than Rs 110.00 million in Q1FY24. Exports: Rs 626.97 million, showing a slight decrease from Q4FY24 (Rs 630.77 million) and a larger drop from Q1FY24 (Rs 662.76 million). Commenting on the results, Subhrakant Panda, Managing Director said: “The results for the first quarter reflect our strong focus on maximising operating efficiency, despite lower output on account of maintenance activities, and softening input costs have also provided a boost. While ferro chrome prices are rangebound at the moment, an uptick in demand driven by global stainless steel production – which is expected to be 6% higher this year – could result in improved realisations during the second half of the current fiscal. We will, of course, continue to benefit from our fully integrated business model and long term debt free balance sheet.” Mr Panda added: “India’s continued focus on public infrastructure coupled with revival in private sector investment augurs well for demand; and, the lending rate cut in China is also expected to bolster the economy. Meanwhile, elevated chrome ore prices for non-integrated producers will likely limit any downside to ferro chrome prices.” Result PDF