Indian Metals & Ferro Alloys Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
IMFA · price
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On the reaction day the stock moved 0.5 pts less than Nifty Microcap 250 and 0.6 pts less than its Ferro & Silica Manganese peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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IMFA reported standalone revenue from operations of ₹2,826 crore for FY2026, up 10.2% from ₹2,565 crore in the previous year. Profit after tax grew 12.2% to ₹424 crore from ₹378 crore. The Board recommended a final dividend of ₹7.50 per equity share (75% on ₹10 face value). The company completed acquisition of Tata Steel's Ferro Chrome Plant at Kalinganagar, Odisha on February 27, 2026 for ₹861 crore base consideration plus ₹25 crore net working capital. Capital work-in-progress increased sharply to ₹795 crore from ₹74 crore, indicating major expansion underway. Borrowings increased significantly to fund the acquisition. The auditor issued an unmodified (clean) opinion with no qualifications.
Strong financial performance with double-digit revenue and profit growth. However, the large acquisition funded by increased debt raises leverage concerns. The clean audit opinion provides confidence in financial reporting quality. Dividend declaration is positive for shareholders.