Indian Metals & Ferro Alloys Limited has informed the Exchange that Board of Directors at its meeting held on May 27, 2026, recommended Final Dividend of Rs. 7.50 per equity share.
IMFA · price
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IMFA's Board approved strong FY2026 results showing total income of Rs. 2,893 crore (up 9.8% YoY) and PAT of Rs. 424 crore (up 12.2% YoY) on standalone basis. The company recommended a final dividend of Rs. 7.50 per share (75% of face value), subject to shareholder approval at the AGM. Key highlights include completion of the Rs. 8,610 crore Ferro Chrome Plant acquisition from Tata Steel at Kalinganagar in February 2026, and appointment of an Independent Director (Mr. Partha Satpathy) and Cost Auditors for FY27.
Consistent profit growth and attractive dividend payout signal financial health, but the major Kalinganagar acquisition significantly increased debt levels (borrowings up from Rs. 373 crore to Rs. 630 crore). Shareholders can expect steady income from dividends while the company's expansion strategy may keep leverage elevated.