IMFA Q1 FY16 Revenue up by 13%, Exports up by 32 % Y-o-Y
Jul 23, 2015
Internal Press Release

Indian Metals & Ferro Alloys Ltd (IMFA), India’s leading fully integrated producer of value-added ferro chrome, today announced its Q1 FY16 results for the period ended June 30th, 2015.

Highlights of Q1 FY16 vs Q1 FY15
• Revenue increased by 13% to Rs 340.01 crore (Rs 301.31 crore)
• Exports increased by 32% to Rs 299.25 crore (Rs 226.62 crore)
• Profit before exceptional items increased by 81% to Rs 7.84 crore (previous year Rs 4.32 crore)

Operational Highlights
• Ferro Chrome production of 46,027 tonnes vs 51,714 tonnes; sales of 52,005 tonnes vs 47,267 tonnes
• Power generation of 213 MU vs 243 MU
• Relining of CCP1 completed and furnace back in operation

Business Highlights
• Rs 19.98 crores provision in Q1 FY16 towards renewable power purchase obligation

Commenting on the results Mr Subhrakant Panda, MD & CEO, IMFA said: “Output during the quarter was lower on account of major maintenance of the 48 MVA furnace at Choudwar which has since been completed. However, increase in sales volume and reduction in interest outgo led to higher profit before exceptional items which is commendable under the present circumstances. While results are expected to remain muted in the near term, we are confident about the future given the inherent strength of our integrated business model.”

For any information relating to IMFA Group or to enquire about a Press Release issued by us please contact:

Mr Kishore Mohan Mohanty
Bhubaneswar
email: kishoremohanty@imfa.in