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.
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