Indian Metals & Ferro Alloys Limited has informed the Exchange regarding a press release dated November 04, 2025, titled "Press Release of Unaudited Financial Results for the quarter and half year ended 30th September 2025.".
IMFA · price
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Awaiting price reaction for this filing.
IMFA announced two major developments: (1) Acquisition of Tata Steel's ferro chrome plant at Kalinganagar, Odisha for a base purchase consideration of Rs 610 crores, funded entirely from internal accruals. The deal adds 99 MVA furnace capacity (66 MVA existing + 33 MVA under construction) on 115 acres, pushing IMFA's total installed capacity beyond 0.5 million tonnes per annum and making it India's largest and the world's 6th largest ferro chrome producer. Deal closure expected in 3 months. (2) Q2 FY26 standalone results: Revenue of Rs 718.65 cr, EBITDA of Rs 138.34 cr (19.25% margin), PAT of Rs 98.77 cr (13.74% margin), and EPS of Rs 18.31. The Board also declared a 50% interim dividend (Rs 5 per share). Management noted ferro chrome prices moved up late in Q2 due to elevated ore costs for non-integrated players and South African output cuts, with fuller pricing benefits expected in the ongoing quarter.
Positive for shareholders — the Rs 610 cr acquisition is debt-free (funded via internal accruals), immediately scales capacity and market share, and offers cost synergies from proximity to captive chrome ore mines. Combined with a healthy dividend and improving ferro chrome prices, the announcements signal strong growth momentum likely to be viewed favorably by the market.