Indian Metals & Ferro Alloys Limited — Investor Meet, 14-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

IMFA reported a Q2 FY'26 PAT of Rs. 98.77 Cr, up 8% QoQ, with average realization at Rs. 1,01,000/ton. Q3 and Q4 FY'26 outlook is positive due to rising ferrochrome prices and South African supply cuts. The company acquired Tata Steel's Kalinganagar ferrochrome plant for Rs. 610 Cr, fully internally funded, adding 150,000 tons capacity. This boosts IMFA to over half-million-ton production, making it India's largest producer with significant operational and logistical synergies. Captive mines will meet all chrome ore needs. Management expresses confidence in IMFA's integrated model and market position.