Indian Metals and Ferro Alloys (IMFA) announced robust financial results for the quarter and half year ended September 30, 2026. For Q2 FY27, revenue grew 34.72% year-on-year to ₹968.17 crore, with EBITDA increasing to ₹235.04 crore and Profit After Tax (PAT) rising to ₹148.77 crore. The company also recommended an interim dividend of ₹5 per equity share.
IMFA Announces Strong Q2 and H1 FY27 Financials
Indian Metals and Ferro Alloys Limited (IMFA) has reported impressive financial performance for the quarter and half-year ended September 30, 2026. The company achieved significant year-over-year growth across key financial metrics, driven by increased production volumes and capacity expansion.
Q2 FY27 Performance Highlights
In the second quarter of FY27, IMFA’s revenue from operations stood at ₹968.17 crore, marking a substantial increase of 34.72% compared to ₹718.65 crore in Q2 FY26. EBITDA for the quarter rose to ₹235.04 crore, up from ₹138.34 crore in the corresponding period of the previous year. Profit After Tax (PAT) also saw a significant jump of 50.62%, reaching ₹148.77 crore for Q2 FY27, compared to ₹98.77 crore in Q2 FY26. The EBITDA margin improved to 24.28% from 19.25% year-on-year.
H1 FY27 Performance Highlights
For the first half of FY27, IMFA’s revenue from operations reached ₹1,928.62 crore, a 41.79% increase from ₹1,360.19 crore in H1 FY26. EBITDA for the half-year surged to ₹516.31 crore, more than doubling from ₹263.81 crore in H1 FY26, with an improved EBITDA margin of 26.77%. PAT for H1 FY27 stood at ₹340.26 crore, an increase of 78.85% from ₹190.25 crore in H1 FY26, with a PAT margin of 17.47%.
Operational Achievements
The company’s operational performance has been bolstered by the successful commissioning and ramp-up of its Kalinganagar Greenfield Project. The 100,000 TPA KNR-1 greenfield ferro chrome project commenced production, with the first tapping of hot metal occurring on August 25, 2026. The second furnace is scheduled for commissioning by November 2026. Mining expansion also received approvals for 1.2 Mn TPA ore capacity, backed by a ₹1,000 crore investment. The company also highlighted its highest-ever quarterly production of 86,652 MT achieved in Q2 FY27.
Dividend Recommendation
The Board of Directors has recommended an interim dividend of 50% (₹5 per equity share of face value of ₹10 each) for the financial year ending March 31, 2027. The record date for this dividend is set for November 12, 2026, and it is expected to be paid on or before December 3, 2026.
Investment and Expansion
IMFA approved an investment of ₹25 crore in its wholly-owned subsidiary, Metallix Aviation Private Limited, as part of its business expansion. The company is also planning a ₹375 crore capex for increasing chrome ore raising and Low Carbon Ferro Chrome production.
Standalone Financial Results
The unaudited standalone financial results presented show strong growth. For Q2 FY27, revenue was ₹968.17 crore and PAT was ₹148.77 crore. For H1 FY27, revenue was ₹1,928.62 crore and PAT was ₹340.26 crore. The basic EPS for H1 FY27 was ₹63.06, a significant increase from ₹35.26 in the corresponding period of the previous year.
Consolidated Financial Results
The consolidated financial results also reflect robust performance. For Q2 FY27, consolidated revenue was ₹968.17 crore and PAT was ₹147.76 crore. For H1 FY27, consolidated revenue was ₹1,946.96 crore and PAT was ₹340.35 crore. The consolidated basic EPS for H1 FY27 was ₹63.02.
Source: BSE
