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
Conference Call with Indian Metals & Ferro Alloys Management and Analysts on Q4FY25 & Full Year Performance and Outlook. Listen to the full earnings transcript.
Iron & Steel & Products company Indian Metals & Ferro Alloys announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Revenue stood at Rs 567.15 crore vs Rs 700.56 crore in Q4FY24 — down 19% YoY EBITDA stood at Rs 70.52 crore vs Rs 125.38 crore in Q4FY24 — down 44% YoY PAT stood at Rs 47.07 crore vs Rs 55.91 crore in Q4FY24 — down 16% YoY Exports stood at Rs 473.86 crore vs Rs 630.77 crore in Q4FY24 — down 25% YoY FY25 Financial Highlights: Revenue stood at Rs 2,564.57 crore vs Rs 2,780.17 crore in FY24 — down 8% YoY EBITDA stood at Rs 530.51 crore vs Rs 607.50 crore in FY24 — down 13% YoY PAT stood at Rs 378.09 crore vs Rs 363.69 crore in FY24 — up 4% YoY Exports stood at Rs 2,322.29 crore vs Rs 2,597.12 crore in FY24 — down 11% YoY Commenting on the results, Subhrakant Panda, Managing Director said: “Despite a challenging macroeconomic environment and depressed commodity prices during Q4, IMFA demonstrated resilience by leveraging its fully integrated business model and long term debt free Balance Sheet along with a sharp focus on operational efficiency. With ferro chrome prices recovering from its recent lows, we are seeing improved margins in the ongoing quarter which will translate into better financial performance going ahead.” Panda added: “The Kalinganagar Project, which will increase production capacity by 40%, is on track and we expect to start operations in Q2FY27. We have tied up with leading RE companies for hybrid renewable energy timed with our expansion plans, and this will substantially reduce our carbon footprint. Similarly, the diversification into ethanol looks to effectively utilise available infrastructure and will be value accretive.” Result PDF
Iron & Steel Products company Indian Metals & Ferro Alloys announced Q3FY25 results Revenue: Rs 643.22 crore compared to Rs 685.27 crore during Q3FY24. EBITDA: Rs 122.97 crore compared to Rs 158.98 crore during Q3FY24. PAT: Rs 86.13 crore compared to Rs 107.87 crore during Q3FY24. Exports: Rs 568.52 crore comoared to Rs 649.82 during Q3FY24. Subhrakant Panda, Managing Director said: “Commodity markets in general are under pressure due to weak global demand and poor economic data emanating from China. However, we have minimised the impact of softening ferro chrome prices on Q3FY25 results through long term contracts and declining input costs. Further, margins have been bolstered by treasury operations.” “The power supply situation in South Africa seems to have stabilised, there is significant upward pressure on tariffs with ESKOM having proposed a ~36% increase which is under consideration by the Regulator. Pricing pressure on ferro chrome continues in the ongoing quarter and current conditions are unsustainable for nonintegrated producers. However, feedback from customers indicates revival in ferro chrome demand going ahead. As such, taking all things into consideration, the fall in ferro chrome prices has been arrested and we expect an improvement hereon.” Result PDF