Indian Metals & Ferro Alloys Ltd (IMFA) delivered robust financial results for the quarter ended December 31, 2025, with profit after tax of ₹130.67 crore on revenues of ₹702.83 crore. According to reports from The Hindu BusinessLine, the Bhubaneswar-based ferro chrome producer achieved an impressive profit margin of 18.59% for the quarter. The company's EBITDA stood at ₹164.33 crore with a margin of 23.38%, demonstrating strong operational efficiency and market positioning.
IMFA is implementing an ambitious expansion plan to significantly increase its production capabilities through two strategic initiatives. As reported by The Hindu BusinessLine, the company is executing a greenfield expansion adding 100,000 tonnes per annum capacity at Kalinganagar, with the first furnace expected to be commissioned in June 2026. Additionally, IMFA signed agreements in November 2025 to acquire Tata Steel's ferro chrome plant at Kalinganagar for ₹610 crore, adding 150,000 tpa capacity. The acquisition is pending regulatory approvals and is expected to close in the current quarter.
The company's operational metrics for Q3 showed strong performance across key metrics. According to The Hindu BusinessLine, IMFA produced 67,196 tonnes of ferro chrome and sold 64,802 tonnes during the quarter. Exports contributed significantly to quarterly revenue, accounting for ₹603.15 crore of the total revenue. The expansion will increase IMFA's total production capacity from 284,000 tpa to 534,000 tpa, positioning it as India's largest ferro chrome producer.
Managing Director Subhrakant Panda attributed the strong results to improved realisations and stable operating costs, as reported by The Hindu BusinessLine. He indicated plans to increase domestic market exposure as new capacity comes online, while benefiting from reduced production costs due to proximity to captive chrome ore mines at Sukinda and Mahagiri. The company's shares ended at ₹1,326 on the NSE, up by ₹2.30 or 0.17% following the announcement.
