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IMFA
Source Name: IMFA

IMFA's Q2 FY15 Turnover Increases 8% y-o-y

Oct 29, 2014   14:57 IST 
Mumbai, Maharashtra, India; Bhubneswar, Odisha, India

Indian Metals & Ferro Alloys (IMFA), India’s leading fully integrated producer of value-added chrome, today announced its Q2 & H1 FY15 results for the period ended September 30th, 2014.

 

Highlights of Q2 FY15 vs Q2 FY14

  • Revenue of Rs 348 crores vs Rs 323 crores

  • Exports of Rs 281 crores vs Rs 274 crores

  • EBIDTA of Rs 66 crores vs Rs 87 crores


 

 

 

Highlights of H1 FY15 vs H1 FY14

  • Revenue of Rs 649 crores vs Rs 630 crores

  • Exports of Rs 507 crores vs Rs 523 crores

  • EBIDTA of Rs 130 crores vs Rs 168 crores

 

 


 

Business Highlights

  • Refinancing of Rs 430 crores term loan for 120 MW captive power plant completed; interest outgo will reduce.

  • Environmental Clearance for Sukinda Mines received valid upto March 31st, 2026 and mining operations restarted.

 

 

 

Management Comment

Commenting on the results Mr Subhrakant Panda, Managing Director & CEO said: “The ferro chrome industry is currently facing a challenging environment due to rising costs coupled with lower prices. While the key lies in a sustained economic recovery, the robustness of our integrated business model places us at a significant advantage to our peers and we expect to benefit from improved business sentiments going ahead.”

 

About IMFA:

Indian Metals & Ferro Alloys Ltd (IMFA) is India’s leading fully integrated producer of value-added ferro chrome with capacity of 275,000 tonnes per annum. Incorporated in 1961 and headquartered in Bhubaneswar (Odisha), the Company has manufacturing complexes in Therubali and Choudwar backed up by captive power generation of 258 MW and own chrome ore mines in Sukinda, Mahagiri and Nuasahi. IMFA has an Integrated Management System with quality, environment and occupational health & safety certification.

 

For more information, please contact :

Prem Khandelwal

CFO, IMFA

+91 99372 97021

pkhandelwal@imfa.in

 

Dhruba Rout

Sr Manager (Public Relations), IMFA

+91 97774 40118

dhrubarout@imfa.in

 

Virendra Verma, Adfactors PR

+91 98925 02581

virendra.verma@adfactorspr.com

 

Priyanka Chavda, Adfactors PR

+91 96193 78489

priyanka.chavda@adfactorspr.com


 
 
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