IMFA Q2 Profit Surges 40% to Rs 125 cr | Business News
Indian Metals and Ferro Alloys (IMFA) reported a 40% jump in Q2 net profit to Rs 125.21 crore, driven by lower expenses. Read more about the company's financial performance.
New Delhi, Nov 7 (PTI) Indian Metals and Ferro Alloys (IMFA) on Thursday reported a 40 per cent rise in consolidated net profit to Rs 125.21 crore in the September quarter, aided by reduced expenses.
It had posted Rs 89.34 crore net profit a year ago, the company said in an exchange filing.
The company's total income rose to Rs 711.02 crore from Rs 704.25 in the July-September period in the preceding 2023-24 financial year.
IMFA trimmed its expenses to Rs 540.71 crore from 581.10 crore in the year-ago quarter.
It had posted Rs 89.34 crore net profit a year ago, the company said in an exchange filing.
The company's total income rose to Rs 711.02 crore from Rs 704.25 in the July-September period in the preceding 2023-24 financial year.
IMFA trimmed its expenses to Rs 540.71 crore from 581.10 crore in the year-ago quarter.
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