IMFA (Indian Metals & Ferro Alloys Ltd) – Q3 FY23 outcomes

New Delhi: Indian Metals & Ferro Alloys (IMFA) has posted Rs 10.43 crore in its consolidated revenue after tax (PAT) in the course of the December quarter, helped by its totally built-in enterprise mannequin and nil long-term debt.

In a press release, IMFA Managing Director Subhrakant Panda mentioned: “It was a difficult quarter on account of excessive uncooked materials costs whilst completed product costs corrected, and we adjusted output by finishing up pending upkeep exercise; nevertheless, our totally built-in enterprise mannequin and nil long run debt helped tide us over. This autumn is anticipated to be noticeably higher on account of China’s reopening which is offering a lift, in addition to a pointy improve in electrical energy costs in South Africa.”

Headquartered in Bhubaneswar (Odisha), IMFA is India’s main totally built-in producer of value-added ferro chrome put in capability of 284,000 tonnes each year..

The corporate has manufacturing complexes in Therubali and Choudwar backed up by captive energy era of 204.55 MW (together with 4.5 MW photo voltaic) and owns chrome ore mines in Sukinda and Mahagiri.

• BSE Code: 533047 NSE Code: IMFAEQ
• Headquartered in Bhubaneswar; manufacturing complexes in Therubali & Choudwar, Odisha
• Chrome Ore mines in Sukinda & Mahagiri; 204.5 MW captive energy era incl 4.5 MWp photo voltaic
• 190 MVA put in furnace capability (284,000 tonnes each year of value-added ferro chrome)