IMFA Q3 FY16 Revenue up 13%, Production up 7% y-o-y
Feb 09, 2016
Internal Press Release

Indian Metals & Ferro Alloys Ltd (IMFA), India’s leading fully integrated producer of value added ferro chrome, today announced Q3 & 9M FY16 results for the period ended December 31st, 2015.

Highlights of Q3 FY16 vs Q3 FY15
• Revenue of Rs 329 crores vs Rs 292 crores
• Exports of Rs 266 crores vs Rs 227 crores
• Profit after Tax of Rs 1.1 crores vs Loss of Rs 3.7 crores

Highlights of 9M FY16 vs 9M FY15
• Revenue of Rs 1007 crores vs Rs 942 crores
• Exports of Rs 883 crores vs Rs 734 crores
• Rs 157 crores EBIDTA (before exceptional items) vs Rs 178 crores

Operational Highlights for Q3 FY16
• Ferro Chrome production of 52,217 tonne was higher by 7% as compared to corresponding quarter.
• Power generation of 236 million units was higher by 4% as compared to corresponding quarter.

Commenting on the results Mr Subhrakant Panda, MD & CEO, IMFA said: “The commodity space is markedly weak and ferro chrome is no exception with prices at levels last seen during the 2008 economic meltdown. The demand-supply imbalance will continue for at least a couple of quarters but radical production cutbacks are likely as current prices are not sustainable. These are testing times but we remain sanguine given our low debt levels and fully integrated business model.

For any information relating to IMFA Group or to enquire about a Press Release issued by us please contact:

Mr Kishore Mohan Mohanty