IMFA announced Q3 & 9M FY19 results

Bhubaneswar: Indian Metals & Ferro Alloys Ltd (IMFA), the country’s leading
fully integrated producer of ferro chrome, today announced Q3 & 9M FY19 results for the period ended December 31st, 2018.
Highlights of Q3 FY19 vs Q3 FY18
 Revenue of Rs 392.42 crores vs Rs 483.65 crores
 Exports of Rs 348.95 crores vs Rs 406.64 crores
 Net Profit of Rs 34.68 crores vs Rs 74.74 crores
Highlights of 9M FY19 vs 9M FY18
 Revenue of Rs 1199.72 crores vs Rs 1325.99 crores
 Exports of Rs 1074.90 crores vs Rs 1128.43 crores
 Net Profit of Rs 84.91 crores vs Rs 182.03 crores
Operational Highlights of Q3FY19 vs Q3 FY18
 FeCr production of 60,503 tonnes vs 63,194 tonnes
 Sales of 52,944 tonnes vs 61,041 tonnes
 Power generation of 236 MU vs 205 MU
Recent developments
 1.5 MWp solar project at Therubali was commissioned

Commenting on the developments Mr Subhrakant Panda, Managing Director & CEO said: “The quarterly numbers are muted on account of lower production due to scheduled maintenance and lower ferro chrome prices on account of ongoing uncertainty due to various global factors. However, a base has been created and we expect prices to bottom out during the ongoing quarter while demand continues to be stable.”

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