IMFA Profit Up 7% in June Quarter: Rs 117 Cr

Jul 31, 2024 20:25

Indian Metals '' Ferro Alloys Ltd (IMFA) reported a 7% increase in standalone profit after tax to Rs 117.52 crore in the June 2024 quarter, despite revenue decline.

New Delhi, Jul 31 (PTI) Indian Metals & Ferro Alloys Ltd on Wednesday posted a nearly 7 per cent rise in its standalone profit after tax to Rs 117.52 crore in the June 2024 quarter.

IMFA had reported a profit after tax of Rs 110 crore in the April-June quarter of the preceding 2023-24 fiscal, the company said in a statement.

Its revenues, however, fell to Rs 662.28 crore from Rs 701.73 crore a year ago.

The company's ferro chrome production declined to 60,976 tonnes, against 66,261 tonnes in FY24.

Sales also fell to 63,035 tonnes from 64,695 tonnes in the year-ago period.

Source: PTI

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IMFA Profit Up 7% in June Quarter: Rs 117 Cr

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