Indian Metals & Ferro Alloys Limited (IMFA) announced its board meeting outcome on November 4, 2026. Key decisions included the approval of unaudited financial results for the quarter and half-year ended September 30, 2026. The Board also declared an interim dividend of ₹5 per share and approved an investment of ₹25 crore in its wholly owned subsidiary, Metallix Aviation Private Limited, for business expansion.
IMFA Board Approves Interim Dividend and Strategic Investment
On November 4, 2026, the Board of Directors of Indian Metals & Ferro Alloys Limited (IMFA) convened a meeting where several significant decisions were made. The Board approved the unaudited financial results, both standalone and consolidated, for the quarter and half-year ended September 30, 2026. These results were accompanied by a limited review report from the statutory auditors.
Interim Dividend Declared
In a move beneficial to shareholders, the Board declared an interim dividend of ₹5 per equity share of ₹10 face value. This dividend is for the financial year ending March 31, 2027. The record date for determining eligibility for this dividend has been set for Thursday, November 12, 2026, with the payment expected on or before Wednesday, December 3, 2026.
Strategic Investment in Aviation Subsidiary
The Board also gave its nod to an investment of ₹25 crore in its wholly owned subsidiary, Metallix Aviation Private Limited. This investment is intended to fuel the subsidiary’s business expansion through the subscription of equity shares, aligning with the company’s growth strategy and applicable provisions of the Companies Act, 2013. Metallix Aviation Private Limited is positioned to acquire the aviation assets of IMFA, integrating them into the company’s core business.
Committee Reconstitution
Further, the Board approved the reconstitution of various committees, effective from November 5, 2026. This included the Audit Committee, Stakeholders Relationship Committee, Finance Committee, and Allotment Committee, with updated memberships and categories of members.
Financial Performance Highlights (Standalone)
Q2 FY27 Results
For the quarter ended September 30, 2026, IMFA reported revenue from operations of ₹968.17 crore, a significant increase of 34.72% year-on-year (YoY) from ₹718.65 crore in Q2 FY26. EBITDA stood at ₹235.04 crore, up 69.90% YoY. Profit After Tax (PAT) was ₹148.77 crore, marking a 50.62% YoY growth. The company achieved its highest ever quarterly production of 86,652 MT.
H1 FY27 Results
For the six months ended September 30, 2026, revenue from operations grew by 41.79% YoY to ₹1,928.62 crore. EBITDA increased by 95.71% YoY to ₹516.31 crore. PAT saw a substantial rise of 78.85% YoY, reaching ₹340.26 crore. Earnings per share (EPS) (not annualised) increased to ₹63.06.
Consolidated Financial Highlights
The consolidated figures also reflect strong performance, with revenue from operations for Q2 FY27 at ₹968.17 crore and for H1 FY27 at ₹1,928.62 crore. Consolidated PAT for Q2 FY27 was ₹147.76 crore, and for H1 FY27, it was ₹340.35 crore.
Operational Milestones
IMFA’s Kalinganagar Greenfield Project’s first furnace commenced production, and the second furnace is scheduled for commissioning by November 2026. Mining expansion received approvals for 1.2 Mn TPA ore capacity, backed by a ₹1,000 crore investment. The company also reported progress on its ethanol project and increased contracted renewable energy capacity.
Source: BSE
