IMFA profit doubles in Q4 as ferro chrome prices hold firm
The company reported a 34.6% revenue jump to ₹763 crore for the quarter, while full-year profit climbed 10.9% to ₹424 crore.
— 1 earlier story on Indian Metals & Ferro Alloys Ltd. →What's new
- Q4 revenue rose 34.6% to ₹763 crore, with net profit more than doubling to ₹103 crore.
- Full-year revenue reached ₹2,826 crore, up 9.3%, while PAT grew 10.9% to ₹424 crore.
- The Kalinganagar plant acquired from Tata Steel is now fully operational.
Why this matters
IMFA is benefiting from a combination of firm ferro chrome pricing and the integration of its Kalinganagar acquisition. While the results confirm a positive trajectory, they largely align with prior guidance and market expectations.
What we're watching
- Progress on the greenfield expansion project ahead of its mid-2026 commissioning target.
- Sustained ferro chrome price levels to support margin stability.
- Dividend payout execution following the board's recommendation of ₹7.50 per share.
The full read
Indian Metals & Ferro Alloys delivered a strong finish to the year, with Q4 revenue rising 34.6% to ₹763 crore and net profit more than doubling to ₹103 crore. For the full year, the company posted revenue of ₹2,826 crore, a 9.3% increase, while profit after tax climbed 10.9% to ₹424 crore. These results are anchored by firm ferro chrome prices and the successful integration of the Kalinganagar ferro chrome plant acquired from Tata Steel, which is now fully operational. Management remains focused on its greenfield expansion, which is currently on track for a mid-2026 commissioning. The board has recommended a final dividend of ₹7.50 per share. While the performance is positive, it largely tracks with prior guidance and operational updates already factored into market expectations. The company is executing on its stated strategy, but the next major test for growth remains the 2026 expansion timeline.
Questions answered
- What drove the strong Q4 performance?
- The jump in revenue and profit was driven by firm ferro chrome prices and improved operational efficiencies.
- How did the full-year results compare to the previous year?
- Revenue grew 9.3% to ₹2,826 crore, and profit after tax rose 10.9% to ₹424 crore for the full year.
- What is the status of the Kalinganagar plant acquisition?
- The plant, acquired from Tata Steel, is now fully operational and contributing to the company's output.
- When is the next major expansion project expected to come online?
- The company's greenfield expansion remains on track, with commissioning expected in mid-2026.
- What dividend did the board recommend?
- The board recommended a final dividend of ₹7.50 per share.
Story so far
All notes on IMFA →- 27 May 2026 · 2:02 PM IST IMFA profit doubles in Q4 as ferro chrome prices hold firm
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