Iron & Steel Products company Indian Metals & Ferro Alloys announced Q1FY26 results Revenue declined by 3% YoY, from Rs 662 crore in Q1FY25 to Rs 642 crore in Q1FY26 EBITDA dropped by 25% YoY, from Rs 167 crore to Rs 125 crore PAT decreased by 18% YoY, from Rs 112 crore to Rs 91 crore Exports declined by 11% YoY, from Rs 627 crore to Rs 556 crore EPS Stood at Rs 16.96 Subhrakant Panda, Managing Director, IMFA said: “Ferro Chrome prices picked up during the first quarter of FY26 reflecting a trend reversal and, combined with steady operations sharply focused on efficiency and cost control, led to an improved financial performance. With reciprocal tariff related uncertainty starting to settle down, we expect a positive impact on global trade especially if inflation continues to remain relatively muted.” Panda added: “Keeping in mind constraints in chrome ore procurement by non-integrated producers in India and cutbacks in alloy production worldwide, we expect the baseline price of ferro chrome to move up as market conditions improve further. This lines up very well with our ongoing capacity expansion which is on track to be commissioned starting mid-2026.” Result PDF