IMFA reports steady third quarter results
Feb 12, 2019
Internal Press Release

Indian Metals & Ferro Alloys Ltd (IMFA), the country’s leading fully integrated producer of ferro chrome, today announced Q3 & 9M FY19 results for the period ended December 31st, 2018.

Highlights of Q3 FY19 vs Q3 FY18
• Revenue of Rs 392.42 crores vs Rs 483.65 crores
• Exports of Rs 348.95 crores vs Rs 406.64 crores
• Net Profit of Rs 34.68 crores vs Rs 74.74 crores

Highlights of 9M FY19 vs 9M FY18
• Revenue of Rs 1199.72 crores vs Rs 1325.99 crores
• Exports of Rs 1074.90 crores vs Rs 1128.43 crores
• Net Profit of Rs 84.91 crores vs Rs 182.03 crores

Operational Highlights of Q3FY19 vs Q3 FY18
• FeCr production of 60,503 tonnes vs 63,194 tonnes
• Sales of 52,944 tonnes vs 61,041 tonnes
• Power generation of 236 MU vs 205 MU

Recent developments
• 1.5 MWp solar project at Therubali was commissioned

Management view:

Commenting on the developments Mr Subhrakant Panda, Managing Director & CEO IMFA said: “The quarterly numbers are muted on account of lower production due to scheduled maintenance and lower ferro chrome prices on account of ongoing uncertainty due to various global factors. However, a base has been created and we expect prices to bottom out during the ongoing quarter while demand continues to be stable.”

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