IMFA maintains output in Q4 FY19
Exceptional items a drag on profitability
May 18, 2019
Internal Press Release
Indian Metals & Ferro Alloys Ltd (IMFA), India’s leading producer of ferro alloys, maintained high output in the final quarter of FY19 despite challenging circumstances but exceptional items resulted in the company reporting a loss for the period.
Highlights of Q4 FY19 vs Q4 FY18
• Revenue of Rs 434.06 crores vs Rs 443.27 crores
• Exports of Rs 395.11 crores vs Rs 378.45 crores
• EBIDTA of Rs 45 crores vs Rs 62 crores
• Loss of Rs 73.87 crores vs Profit of Rs 4.59 crores
Highlights of FY19 vs FY18
• Revenue of Rs 1633.78 crores vs Rs 1769.26 crores
• Exports of Rs 1470.02 crores vs Rs 1506.88 crores
• EBIDTA of Rs 285 crores vs Rs 461 crores
• Profit of Rs 11.04 crores vs Rs 186.62 crores
Operational Highlights of Q4 FY19 vs Q4 FY18
• Ferro Chrome production of 61,756 mt vs 61,038 mt
• Sales of 61,452 mt vs 64,252 mt
• Power generation of 235 mu vs 257 mu
Operational Highlights of FY19 vs FY18
• Ferro Chrome production of 216,046 mt vs 234,443 mt
• Sales of 212,406 mt vs 238,807 mt
• Power generation of 915 mu vs 946 mu
Financial Highlights
• Long Term Debt of Rs 547 crores
• Debt : Equity Ratio of 0.37
• Exceptional charge of Rs 73.71 crores on account of impairment of investment and related expenses
• Dividend of 50% recommended
Management Comment
Commenting on the developments Mr Subhrakant Panda, Managing Director said “We have registered strong operational numbers in a challenging environment which is reflective of the inherent strength of our fully integrated business model and long term relationships with customers. However, exceptional items have proved to be a drag on profitability. Our Balance Sheet is exceptionally strong, so we are looking to move on and focus on our core strength of value addition. We are evaluating acquisition opportunities and will look to expand capacity.”
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