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IMFA's Record performance in FY22 sets stage for expansion plans



2022-06-23 10:13:38 Business

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May 24th, 2022: Indian Metals & Ferro Alloys Ltd (IMFA; estd 1961), the country’s leading producer of ferro alloys, announced its audited financial results for the quarter & year ending March 31st, 2022 which surpassed several previous records.

Highlights of Q4 FY22 vs Q4 FY21
Revenues of Rs 756.71 crore vs Rs 576.11 crore
Exports of Rs 724.8 crore vs Rs 528.73 crore
EBITDA of Rs 193.95 crore vs Rs 140.50 crore
PAT of Rs 142.63 crore vs Rs 65.11 crore

Highlights of FY22 vs FY21
Revenues of Rs 2602.95 crore vs Rs 1844.23 crore
Exports of Rs 2442.66 crore vs Rs 1705.29 crore
EBITDA of Rs 828.83 crore vs Rs 389.03 crore
PAT of Rs 507.87 crore vs Rs 166.75 crore

Operational Highlights of Q4 FY22 vs Q4 FY21
FeCr production of 61,462 tonnes vs 67,522 tonnes
FeCr sales of 70,395 tonnes vs 72,265 tonnes
Power generation of 276 MU vs 266 MU

Operational Highlights of FY22 vs FY21
FeCr production of 246,175 tonnes vs 259,942 tonnes
Power generation of 1085 MU vs 1014 MU
Chrome Ore raising of 559,358 tonnes vs 521,820 tonnes

Business Highlights
Highest ever turnover, EBIDTA and PAT
Record power generation and chrome ore raising
Prepayment of all long term debt
Final dividend of Rs 7.50/- per share
Payment for 124.26 acres land in Kalinga Nagar

Commenting on the results, Mr Subhrakant Panda, Managing Director said: “The robust performance of FY22 is a result of steady operations and exceptional realisations for ferro chrome which has enabled us to prepay all long term debt. While there are headwinds on account of lockdowns in China and the continuing conflict in Ukraine, we remain confident about healthy margins in the ongoing fiscal on account of our fully integrated operations. Moreover, a very strong Balance Sheet gives us the wherewithal to embark on the 100,000 tpa expansion project in Kalinga Nagar.”


ABOUT IMFA: Indian Metals & Ferro Alloys Ltd (IMFA) is India’s leading fully integrated producer of value added ferro chrome with installed capacity of 284,000 tonnes per annum. Incorporated in 1961 and headquartered in Bhubaneswar (Odisha), the Company has manufacturing complexes in Therubali & Choudwar backed up by captive power generation of 204.5 MW (including 4.5 MWp solar) and own chrome ore mines in Sukinda & Mahagiri. IMFA’s operations are benchmarked to international standards and are ISO 9001 (Quality Management)

Company :-Perfect Relations Pvt. Ltd

User :- Mamta Joshi

Email :-Mamta.Joshi@perfectrelations.com


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