Now Reading: IMFA Q2 net profit jumps 51%, declares Rs 5 interim dividend
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IMFA Q2 net profit jumps 51%, declares Rs 5 interim dividend
The Story in Brief
Indian Metals & Ferro Alloys (IMFA) reported a 50.6 to 51.4% year-on-year rise in consolidated net profit to Rs 148.77 crore (Business Today, Business Standard) or Rs 147.76 crore (LiveMint) for the September quarter of FY27, driven by higher production and sales following capacity addition. Revenue rose 34.7% to Rs 968.17 crore. The company declared an interim dividend of Rs 5 per share, with Thursday, 12 November fixed as the record date for eligibility, payment will be made on or before 3 December, 2026.
EBITDA stood at around Rs 235 crore, and the EBITDA margin expanded to 24.3% from 19.2% a year earlier. Exports contributed about 84% of quarterly revenue, reaching Rs 817.54 crore. The Kalinganagar greenfield project, inaugurated by Chief Minister Mohan Charan Majhi on 14 October, has raised total installed ferrochrome capacity to 534,000 tonnes annually. Commissioning of the second furnace has begun, with hot metal tapping expected shortly. The board also approved a capex of Rs 375 crore to boost chrome ore production and develop low-carbon ferrochrome capacity.
Indian Opinion Analysis
Indian Metals & Ferro Alloys reported a 50.62% to 51.4% year-on-year rise in September-quarter net profit, with Business Today and Business Standard citing Rs 148.77 crore and LiveMint Rs 147.76 crore. All three outlets led with the profit jump and the Rs 5 interim dividend, but LiveMint added a sequential profit decline of 23.3%, a detail the other two omitted. Business Standard offered the deepest operational breakdown, including production, sales, and export figures, while Business Today and LiveMint focused on stock performance and dividend dates. The divergence is minor: two sources present a straightforward earnings story with uniform wire-copy details, and one includes a quarter-on-quarter context that tempers the headline growth. A reader gets the sharpest picture from LiveMint's sequential comparison or Business Standard's full operational table. The next concrete item is the Thursday, 12 November record date for the dividend.
Coverage: 3 sources, 3 neutral
Sources (3): businesstoday.in (neutral report), business-standard.com (neutral report), livemint.com (neutral report)
This brief was synthesised by AI from the 3 sources linked above, so one read covers every framing they carry. Methodology and corrections.
