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Indian Metals & Ferro Alloys Ltd Q1 FY24; 17% fall in Profits

Indian Metals and Ferro Alloys Limited (IMFA) is a leading, fully integrated producer of Ferro Chrome in India which is primarily used in the production of stainless steel. It was set up in 1961.

Financial Results:

  • Indian Metals & Ferro Alloys Ltd reported Revenues for Q1FY24 of ₹702.00 Crores down from ₹743.00 Crore year on year, a fall of 5.52%.
  • Total Expenses for Q1FY24 of ₹562.00 Crores down from ₹572.00 Crores year on year, a fall of 1.75%.
  • Consolidated Net Profit of ₹111.00 Crores down 17.16% from ₹134.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹20.46, down 17.67% from ₹24.85 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Metals
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