Iron & Steel Products company Indian Metals & Ferro Alloys announced Q2FY26 results Revenue: Rs 718.65 crore compared to Rs 691.92 crore during Q2FY25. EBITDA: Rs 138.34 crore compared to Rs 170.51 crore during Q2FY25. PAT: Rs 98.77 crore compared to Rs 125.72 crore during Q2FY25. Exports: Rs 603.96 crore compared to Rs 652.97 crore during Q2FY25. Subhrakant Panda, Managing Director, IMFA, said: “I am delighted to announce this transformational acquisition which will fast track our expansion plans. Along with our ongoing greenfield expansion, it will take total installed capacity beyond 0.5 million tonnes enabling us to increase our market share with a particular focus on domestic sales at a time when demand for ferro chrome is increasing due to India’s rapid economic growth.” “We are committed to creating value for stakeholders and, building on the strong foundation of a fully integrated business model, will work to realise cost savings and operational synergies which will have a positive impact on the bottom line. Further, the acquisition is being funded from internal accruals which speaks to the strength of the Balance Sheet.” “Ferro Chrome prices moved up noticeably towards the end of the second quarter due to elevated chrome ore costs for non-integrated producers and a sharp cutback in output in South Africa. This is partially reflected in the current results, and we expect to see the full impact in the ongoing quarter with the increase in benchmark as well as higher spot prices.” Result PDF
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.
