Indian Metals & Ferro Alloys Ltd (IMFA) reported robust financial performance for the third quarter of the 2025–26 fiscal year, with profitability rising sharply on improved margins and enhanced operational efficiency.
For the quarter ended December 31, 2025, the company’s standalone profit after tax climbed 40.3 percent year-on-year to ₹130.67 crore, compared with ₹93.14 crore in the corresponding quarter of the previous fiscal. On a sequential basis, profit also improved from ₹98.77 crore recorded in the second quarter of FY26.
IMFA’s standalone revenue from operations for Q3 FY26 stood at ₹702.83 crore, up 9.3 percent from ₹643.22 crore in Q3 FY25. However, quarterly revenue was marginally lower than the ₹718.65 crore reported in Q2 FY26.
The company’s EBITDA rose to ₹164.33 crore, up 28.2 percent from ₹128.15 crore in the year-ago period and showing strong sequential growth from the previous quarter.
IMFA’s Managing Director, Subhrakant Panda, attributed the improved earnings to margin recovery and a stable demand environment. He said current market conditions are expected to support continued momentum in the near term, and that any further strengthening in the demand for ferro chrome would further enhance margins.
Mr Panda also highlighted that the company’s 100,000 tonnes per annum greenfield expansion project at Kalinganagar is progressing as planned and is on schedule for commissioning by June 2026. Alongside this, IMFA is in the process of a strategic acquisition which, once completed, is expected to position the company as one of the largest producers of ferro chrome in India.
The company’s financial results for the quarter underline a favourable cost structure and improved operational control, helping it navigate cyclicality in the metals and ferro alloys sector.
