The company saw quarterly net profit climb to ₹147.76 crore as revenue and core operating margins expanded over the prior year. Despite this annual progress, net profit and EBITDA contracted sequentially compared to the June quarter due to narrower profitability margins. Higher revenue contributions from the mining and power segments also helped support the quarterly top line. The earnings-driven price rise offered a pause from broader year-to-date losses of 24% recorded across 2026.
Key points
Sequential quarterly performance showed contraction as net profit declined 23.3% from the…: Sequential quarterly performance showed contraction as net profit declined 23.3% from the ₹192.59 crore achieved in Q1 FY27.
Complementary business segments supported performance, with power delivering ₹133 crore a…: Complementary business segments supported performance, with power delivering ₹133 crore and mining contributing ₹159 crore in revenue.
The recent stock rebound follows a steep 24% year-to-date decline that reversed part of t…: The recent stock rebound follows a steep 24% year-to-date decline that reversed part of the firm's massive multi-year gains.
Sources checked by our analysis pipeline: 1
Shares of Indian Metals & Ferro Alloys (IMFA) ended Wednesday's trading session 2.5% higher at ₹1,126 apiece following the announcement of its September-quarter results, which presented a mixed picture.
The company reported a 51.4% year-on-year (YoY) increase in consolidated net profit to ₹147.76 crore for the September quarter of FY27, compared with ₹97.56 crore in the year-ago quarter. However, profit declined 23.3% sequentially from ₹192.59 crore in the June quarter.
Revenue from operations rose 34.7% YoY to ₹968.17 crore from ₹718.65 crore in Q2 FY26. On a quarter-on-quarter (QoQ) basis, revenue was marginally higher, increasing 0.8% from ₹960.45 crore in Q1 FY27.
Operating performance also improved on a yearly basis. EBITDA, derived by adding finance costs and depreciation to profit before tax and subtracting other income, stood at ₹234.87 crore, up 70.3% from ₹137.89 crore in Q2 FY26.
The EBITDA margin expanded to 24.3% from 19.2% a year ago. However, on a sequential basis, EBITDA declined 16.5% from ₹281.27 crore in Q1 FY27, while the margin narrowed from 29.3%.
Ferro alloys revenue rises 34% YoY; power and mining income improves
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