National, August 1, 2024: Indian Metals & Ferro Alloys Ltd (IMFA; estd 1961), the country’s leading fully integrated producer of ferro alloys, announced Q1 FY25 results today for the period ending June 30th, 2024.
Financial Performance
Standalone for Q1 FY25
| Q1 FY25 | Revenue | EBITDA | EBITDA Margin | PAT | PAT Margin | EPS (not annualized) | Exports |
| ₹ 662.28 cr | ₹ 167.31 cr | 25.26 % | ₹ 117.52 cr | 17.31 % | ₹ 21.78 | ₹ 626.97 cr |
Financial Highlights: (₹ in cr)
| Performance indicators | Q1 FY25 | Q4 FY24 | Q1 FY24 |
| Revenue | 662.28 | 700.56 | 701.73 |
| EBITDA | 167.31 | 125.65 | 172.92 |
| PAT | 117.52 | 82.65 | 110.00 |
| Exports | 626.97 | 630.77 | 662.76 |
Operational Highlights:
| Performance indicators | Q1 FY25 | Q4 FY24 | Q1 FY24 |
| Ferro Chrome production (Tonnes) | 60,976 | 65,139 | 66,261 |
| Ferro Chrome sales (Tonnes) | 63,035 | 67,981 | 64,695 |
| Power generation (Million Units) | 277 | 286 | 290 |
| Chrome Ore raising (Tonnes) | 202,772 | 117,874 | 270,648 |
Management Comment:
Commenting on the results, Mr Subhrakant Panda, Managing Director said: “The results for the first quarter reflect our strong focus on maximising operating efficiency, despite lower output on account of maintenance activities, and softening input costs have also provided a boost. While ferro chrome prices are rangebound at the moment, an uptick in demand driven by global stainless steel production – which is expected to be 6% higher this year – could result in improved realisations during the second half of the current fiscal. We will, of course, continue to benefit from our fully integrated business model and long term debt free balance sheet.”
Mr Panda added: “India’s continued focus on public infrastructure coupled with revival in private sector investment augurs well for demand; and, the lending rate cut in China is also expected to bolster the economy. Meanwhile, elevated chrome ore prices for non-integrated producers will likely limit any downside to ferro chrome prices.”