IMFA reports lower Q4 earnings amid challenging market conditions

Subhrakant Panda, Managing Director, Indian Metals & Ferro Alloys Ltd

Indian Metals & Ferro Alloys Ltd (IMFA) posted a significant decline in Q4 FY25 earnings as depressed commodity prices weighed on financial performance. The Bhubaneswar-based ferro chrome producer reported a net profit of ₹47.07 crore for the quarter ending March 31, down from ₹55.91 crore in the same period last year.

Revenue fell to ₹567.15 crore in Q4 FY25 compared to ₹700.56 crore in Q4 FY24, while EBITDA dropped to ₹70.52 crore from ₹125.38 crore. The company’s EBITDA margin contracted to 12.43 per cent from the higher figures seen in previous quarters.

Despite the challenging quarter, IMFA achieved record chrome ore raising of over 700,000 tonnes for the full fiscal year. The company has commenced work on its 100,000 tonne per annum ferro chrome expansion at Kalinganagar, which will increase production capacity by 40 per cent when operations begin in Q2 FY27.

Managing Director Subhrakant Panda noted that ferro chrome prices are recovering from recent lows, potentially improving margins in the current quarter. The company is also diversifying its portfolio with an ethanol project scheduled for commissioning in Q4 FY26.

IMFA has signed agreements with renewable energy companies for 110 MW of hybrid renewable energy on a round-the-clock basis, aligning with its expansion plans and efforts to reduce its carbon footprint. The company remains debt-free on a long-term basis, which has helped it weather market volatility.

The shares of Indian Metals & Ferro Alloys Ltd (IMFA) ended today at 614.75 down by ₹29.15 or 4.53 per cent on the NSE.