BSECompany Update4d ago · 4 Aug 2026, 02:01 pm
As per corporate announcement attached
Indian Metals & Ferro Alloys Ltd · 533047
✦ AI Summary▲ PositiveResults
Indian Metals & Ferro Alloys Ltd (IMFA) has reported record revenue and robust financial performance in Q1 FY27, driven by higher volumes and firm prices. The company's Greenfield Expansion Project at Kalinganagar is on track, and all four furnaces at KNR 2 are operational. IMFA has also signed a long-term offtake arrangement for additional 65 MWp hybrid renewable energy and is nearing completion of its ethanol project.
Analysis Scores
Earnings Impact9/10
Growth Catalyst8/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact9/10
Market Sentiment9/10
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Indian Metals & Ferro Alloys Ltd - 533047 - Announcement under Regulation 30 (LODR)-Investor Presentation
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BSE: 533047| NSE: IMFAEQ | SECTOR: Ferro Alloys, Mining, Power
Earnings Release | Q1 FY2027
Record Performance by IMFA in Q1 FY27
Best-ever quarterly turnover on the back of higher volumes and firm prices
Editor’s synopsis
● Q1 FY27 revenue at ₹960.45 crore vs ₹641.54 crore in Q1 FY26
● Q1 FY27 EBITDA at ₹281.27 crore vs ₹125.47 crore in Q1 FY26
● Q1 FY27 PAT at ₹191.49 crore vs ₹91.48 crore in Q1 FY26
● Greenfield Project (KNR 1) on track; output from first furnace in August 2026 and second
furnace likely to be switched on in September 2026
● KNR 2 fully operational with all four furnaces running
● Ethanol project nearing completion; will diversify earnings profile upon commissioning
● Additional 65 MWp hybrid energy through long-term offtake arrangement with Enfinity
Global
Bhubaneswar, August 4th, 2026: Indian Metals & Ferro Alloys Ltd (IMFA; estd 1961), the country’s
largest producer of ferro chrome, announced financial results today for the quarter ended June 30th,
2026. The quarter was marked by record revenue and robust financial performance on the back of
higher volumes and firm prices, reinforcing the company's resilience and growth trajectory.
IMFA’s Greenfield Expansion Project at Kalinganagar (KNR 1) is on track, with Consent to Operate
(CTO) and Factory License having been received. The process of switching on the first furnace is
underway, with hot metal tapping expected in the third week of August 2026, and the second furnace
is likely to be commissioned in September 2026.
All four furnaces at the KNR 2 are operational, resulting in total production for the quarter exceeding
80,000 tonnes for the first time. The Company has dispatched approximately 14,000 tonnes material
during the quarter, substantially contributing to revenues and profitability.
Significantly expanding its green footprint, a long-term offtake arrangement has been signed with
Enfinity Global for an additional 65 MWp hybrid renewable energy which is expected to be available
by June 2027. With this, approximately 40% of IMFA’s energy consumption will be from non-fossil
sources by the middle of next year.
The Ethanol project at Therubali is nearing completion, with any further delay attributable to the
second-degree effect of geopolitical uncertainty and monsoon-related disruptions; however, there
is no material impact on the Company’s financials. The trial run of the unit is now expected in October
2026.
BSE: 533047| NSE: IMFAEQ | SECTOR: Ferro Alloys, Mining, Power
Earnings Release | Q1 FY2027
Financial Performance
(Rs in Crore)
Performance
Q1 FY27 Q4 FY26 Q1 FY26 FY26
indicators
Revenue 960.45 763.29 641.54 2826.31
EBITDA 281.27 159.09 125.47 587.23
PAT 191.49 103.44 91.48 424.36
Exports 793.61 632.84 556.26 2396.21
Operational Highlights
Performance indicators
Q1 FY27 Q4 FY26 Q1 FY26 FY26
Ferro Chrome production (Tonnes)
80,690 68,506 65,929 267,301
Ferro Chrome sales (Tonnes)
79,268 68,977 66,580 270,124
Power generation (Million Units)
289 294 278 1138
Chrome Ore raising (Tonnes)
272,555 271,749 103,780 810,612
Management Comment
Commenting on the earnings, Mr Subhrakant Panda, Managing Director, said: “The record
performance during the quarter is on account of higher ferro chrome output, boosted by the strategic
acquisition, and firm prices coupled with a continuing focus on operational efficiency. With the
Greenfield Project expected to be fully commissioned and stabilised by Q3, we will close out the year
with operating smelting capacity of more than half a million tonnes.”
He added: “IMFA is focussed on creating a future-ready, diversified business, and we are confident
about the market fundamentals and our own resilience basis a fully-integrated, net debt-free business
model. Significant investment to increase captive chrome ore raising, double ferro chrome smelting
capacity, and pivot to hybrid renewable energy alongside a diversification into ethanol will enable us
to deliver superior performance going ahead.”
BSE: 533047| NSE: IMFAEQ | SECTOR: Ferro Alloys, Mining, Power
Earnings Release | Q1 FY2027
About IMFA
Indian Metals & Ferro Alloys Ltd (IMFA), incorporated in 1961 and headquartered in Bhubaneswar, Odisha, is India’s
largest fully integrated producer of value-added ferro chrome with an installed furnace capacity of 289 MVA capable of
producing 434,000 tonnes per annum (tpa). The company operates captive chrome ore mines at Sukinda and Mahagiri,
along with manufacturing complexes at Therubali, Choudwar and Kalinganagar. It also has captive power generation
capacity comprising 200 MW coal-based and 4.55 MWp solar. IMFA’s operations are benchmarked to international
standards and are ISO 9001 (Quality Management Systems) certified.
With the greenfield ferro chrome project in Kalinganagar, total furnace capacity will stand at 355 MVA (534,000 tpa).
Chrome Ore requirement for the enhanced smelting capacity will be entirely met from the company’s captive chrome ore
mines and supported by hybrid renewable power. As part of its diversification strategy, a 120 kLD grain-based ethanol
plant is being set up at Therubali, Odisha.
Contact details:
IMFA Investors & Media Relations – Adfactors PR
Rahul Trivedi: Supreet Ahuja:
Saunak Gupta Shailja Katyal rahul.trivedi@adfactorspr.com supreet.ahuja@adfactorspr.com
Chief Financial Officer Head-Corporate Yash Sanghvi: Surabhi Shah:
saunakgupta@imfa.in Communications yash.sanghvi@adfactorspr.com surabhi.shah@adfactorspr.com
shailjakatyal@imfa.in Vaibhav Gupta:
vaibhav.gupta@adfactorspr.com
Indian Metals and Ferro Alloys Ltd
Investor Presentation | August 2026 (Q1 FY27)
Disclaimer
This presentation and the accompanying slides (the “Presentation”) have been prepared by Indian Metals & Ferro Alloys Ltd (“IMFA” or the “Company”) solely for information
purposes and do not constitute an offer to sell or, recommendation or solicitation of an offer to subscribe for or purchase any securities and nothing contained herein shall
form the basis of any contract or commitment whatsoever.
The information contained in this Presentation should be considered in the context of the circumstances prevailing at the time and has not been, and will not be, updated to
reflect material developments which may occur after the date of the Presentation. The information set out herein may be subject to updating, completion, revision, verification
and amendment and such information may change materially. This presentation is based on the economic, regulatory, market and other conditions as in effect on the date
hereof. It should be understood that subsequent developments may affect the information contained in this presentation, which neither the Company nor its affiliates, advisors
or representatives are under an obligation to update, revise or affirm.
You acknowledge and agree that the Company and/or its affiliated companies and/or their respective employees and/or agents have no responsibility or liability (express or
implied) whatsoever and howsoever arising (including, without limitation for any claim, proceedings, action, suits, losses, expenses, damages or costs) which may be brought
against or suffered by any person as a result of acting in reliance upon the whole or any part of the contents of this Presentation and neither the Company, its affiliated
companies nor their respective employees or agents accepts any liability for any error, omission or misstatement, negligent or otherwise, in this Presentation and any liability in
respect of the Presentation or any inaccuracy therein or omission therefrom which might otherwise arise is hereby expressly disclaimed.
Certain statements contained in this Presentation may be statements of the Company’s beliefs, plans and expectations about the future and other forward looking statements
that are based on management’s current expectations or beliefs as well as a number of assumptions about the Company’s operations and factors beyond the Company’s
control or third party sources and involve known and
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