Bhubaneswar, February 11th, 2021.

Indian Metals & Ferro Alloys Ltd (IMFA), India’s leading fully integrated producer of ferro chrome, announced Q3 & 9M FY21 results today for the period ending December 31st, 2020.

Highlights of Q3 FY21 vs Q3 FY20

  • Revenues of Rs 425.46 crores vs Rs 397.50crores
  • Exports of Rs 397.01 crores vs Rs 339.18crores
  • EBIDTA of Rs 73.05 crores vs Rs 44.30crores
  • Profit of Rs 32.14 crores vs Rs 4.34crores

Highlights of 9M FY21 vs 9M FY20

  • Revenues of Rs 1268.12 crores vs Rs 1232.90crores
  • Exports of Rs 1175.89 crores vs Rs 1092.29crores
  • EBIDTA of Rs 246.53 crores vs Rs 109.26crores
  • Profit of Rs 100.34 crores vs Loss of Rs 18.07crores

Operational Highlights of Q3 FY21 vs Q3 FY20

  • FeCr production of 67,206 tonnes vs 64,078tonnes
  • FeCr sales of 61,116 tonnes vs 60,652tonnes
  • Power generation of 281 mu vs 294mu

Financial Highlights

  • LongTerm Debt of Rs 407.51crore
  • Debt:Equity ratio of0.35
  • Interim dividend of Rs 3 per share(30%)

Business Developments

  • Removal of MEIS export benefits have somewhat impacted Q3performance; announcement of RoDTEP ratesawaited
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