IMFANSEIndian Metals & Ferro Alloys Limited· MetalsHighNeutral
Announced Tue, 4 Nov · 13:40 IST

Indian Metals & Ferro Alloys Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025.

Results RestatedEbitda Margin CompressionResults View source PDF

IMFA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

IMFA's board approved standalone and consolidated results for Q2 FY26 (ended 30 Sep 2025). Standalone revenue from operations grew modestly to Rs 718.65 cr (vs Rs 691.92 cr in Q2 FY25, up ~3.9%), but profit after tax fell to Rs 98.77 cr (vs Rs 125.72 cr, down ~21%) and EPS slipped to Rs 18.31 (vs Rs 23.30). Power & fuel and other expenses rose sharply, squeezing profitability. The company also signed an Asset Transfer Agreement with Tata Steel to buy its Ferro Alloys Plant at Kalinganagar, Odisha for a base consideration of Rs 610 cr plus GST and net working capital, expected to close in 3-6 months subject to environment ministry approval. An interim dividend of Rs 5 per share (50%) was declared with a record date of 11 Nov 2025 and payment by 3 Dec 2025. Prior period figures were restated to reflect the merger of Utkal Coal Limited, though management states the impact is not material.

Likely market impact

Mixed for shareholders: a sizeable capacity-expanding acquisition from Tata Steel and a healthy 50% interim dividend are positives, but a ~21% YoY drop in quarterly profit and rising power and other costs signal margin pressure that the market may react to negatively in the near term.