Indian Metals and Ferro Alloys Limited (IMFA) reported a strong second quarter for FY25, with net profit rising 40% to ₹125 crore, up from ₹89.2 crore in the same period last year. Despite flat revenue at ₹692 crore, the company saw a significant improvement in operational efficiency.

EBITDA for the quarter stood at ₹171 crore, marking a 13.4% increase from ₹150.3 crore in Q2 FY24. The company’s margin also improved to 24.6%, compared to 21.7% in the corresponding quarter of the previous year.

Subhrakant Panda, Managing Director, attributed the growth to higher output, continued focus on operational efficiency, and stable input costs and selling prices. The company remains confident in its ability to navigate market conditions with a strong balance sheet and improved margins.

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On the global front, demand for stainless steel has seen a slight dip, primarily due to economic uncertainty. However, the stimulus measures announced in China and a recent uptick in PMI are positive indicators for the sector.

Panda further noted that domestic ferro chrome prices have softened recently, affecting non-integrated producers. Despite this, India Metals’ access to captive ore and a debt-free balance sheet positions it well for sustained performance.

Also Watch | Subhrakant Panda, MD of Indian Metals and Ferro Alloys (IMFA) discuss Q2 FY25 figures in an interview with CNBC-TV18.

Results came post-market hours. The stock closed at ₹722.10 on NSE, gaining 0.96% today.