Indian Metals & Ferro Alloys Limited — Updates, 07-11-2024: Press Release

Indian Metals & Ferro Alloys Ltd (IMFA) reported strong financial results for Q2 FY25, with revenues of ₹691.92 crore and a PAT of ₹132.73 crore, marking increases from the previous quarter. The company achieved improved EBITDA margins of 25.38%. Operational highlights include increased ferro chrome production and stable power generation. Despite a slight dip in stainless steel demand globally, management remains optimistic due to advantages in ore access and a strong balance sheet.