IMFA Q4 profit more than doubles to Rs 103 cr

New Delhi, May 27 (PTI) Indian Metals and Ferro Alloys (IMFA) on Wednesday posted a more than two-fold rise in consolidated net profit to over Rs 103 crore during the March quarter of FY 2025-26, supported by higher income.

It had reported a net profit of Rs 47.40 crore in the year-ago period, the company said in an exchange filing.

During the January-March period, the company’s total income rose to Rs 769.20 crore from Rs 584.16 crore in the same quarter a year ago.

The board has recommended a final dividend of Rs 7.5 per share of a face value of Rs 10 each for FY26, subject to shareholders’ approval at the ensuing Annual General Meeting (AGM).

In a separate statement, the company said its greenfield ferrochrome expansion project (KNR 1) at Kalinganagar,

Odisha, is in the final stages of execution.

Its grain-based 120 kLD (kilo litres a day) ethanol project is at an advanced stage of execution and expected to be commissioned in Q2FY27.

Bhubaneswar-headquartered IMFA is India’s largest fully integrated producer of value-added ferrochrome. PTI ABI SHM SHM