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IMFA reports around 3 fold jump in Q2 net profit

Indian Metals and Ferro Alloys (IMFA) has reported results for second quarter ended September 30, 2018.

The company has reported around 3 fold jump in its net profit at Rs 21.49 crore for the quarter under review as compared to Rs 7.37 crore for the same quarter in the previous year. However, total income of the company decreased by 6.00% at Rs 398.60 crore for Q2FY19 as compared Rs 424.04 crore for the corresponding quarter previous year.

IMFA is a producer of ferro chrome/ferro alloys. The company operates through two segments – Ferro Alloys and Power.