Iron & Steel Products company Indian Metals & Ferro Alloys announced Q4FY24 results: IMFA has reported its Q4 FY24 financial results, showcasing a revenue of Rs 700.56 crore with a notable EBITDA of Rs 135.21 crore. The company maintained a healthy EBITDA margin at 19.30% and achieved a Profit After Tax (PAT) of Rs 82.65 crore. The earnings per share (EPS) stood at Rs 15.32, indicating a robust return for shareholders. Export revenue contributed significantly to the company's earnings with a figure of Rs 630.77 crore. Operational Performance Ferro chrome production reached a new milestone at 65,139 tonnes, emphasizing IMFA's operational efficiency. With 67,981 tonnes sold, the ferro chrome sales volume reflects the company's strong market presence. Power generation was marked at 286 million units, supporting the company's self-sufficiency in power. Chrome ore raising also surpassed previous records, hitting over 6 lakh tonnes, which demonstrates a significant enhancement in mining operations. Commenting on the annual results, Subhrakant Panda, Managing Director said: “Excellent operational performance during the year with highest ever ferro chrome production, chrome ore raising, and captive power generation set the stage for a strong financial performance. We are poised to embark on our expansion and diversification plans on the back of a robust Balance Sheet with zero debt, and this will create substantial value in times to come.” Addressing the demand outlook, he said: “Even as there are some concerns due to ongoing geopolitical conflicts, economic stimulus measures announced by the Chinese Government augur well for commodities in general. Meanwhile, China remains a relatively high cost producer of ferro chrome which provides a base to prices. India’s focus on infrastructure with a large capital expenditure outlay in the interim budget will boost demand for stainless steel and, hence, ferro chrome.” Result PDF