Synopsis:
IMFA reported regular sequential progress in income and revenue for Q2FY26, declared an interim dividend of Rs. 5 per share, and introduced the acquisition of Tata Metal’s Kalinganagar ferro chrome plant for Rs. 610 crore. The Mukul Agrawal inventory jumped over 5 % put up outcomes.
A number one ferro alloy inventory rallied sharply after asserting its Q2FY26 outcomes and a serious capacity-boosting acquisition. Investor sentiment turned optimistic following regular sequential progress and information of the Tata Metal deal, which positions the corporate as the most important home producer.
Indian Metals & Ferro Alloys Ltd (IMFA), with a market capitalisation of Rs. 6,639.05 crore, opened at Rs. 1,204 and touched an intraday excessive of Rs. 1,275 towards the earlier shut of Rs. 1,208.45, marking an increase of 5.5 %. Outstanding investor Mukul Mahavir Agrawal holds a 1.11 % stake within the firm.
Monetary Snapshot – Q2FY26 Consolidated
Indian Metals & Ferro Alloys Ltd introduced its monetary outcomes for the quarter ended September 2025.
Quarter-on-Quarter (QoQ): Income rose 11.98 % to Rs. 719 crore from Rs. 642 crore in Q1FY26. Revenue earlier than tax (PBT) elevated 3.97 % to Rs. 131 crore from Rs. 126 crore, whereas internet revenue grew 5.38 % to Rs. 98 crore from Rs. 93 crore. Different revenue for the quarter declined 27.27 % to Rs. 16 crore from Rs. 22 crore.
12 months-on-12 months (YoY): Income grew 3.90 % from Rs. 692 crore in Q2FY25 to Rs. 719 crore in Q2FY26. PBT declined 22.94 % from Rs. 170 crore to Rs. 131 crore, whereas internet revenue fell 21.60 % from Rs. 125 crore to Rs. 98 crore. Different revenue additionally declined 15.79 % from Rs. 19 crore to Rs. 16 crore.
Dividend Announcement
The corporate declared an interim dividend of Rs. 5 per fairness share of face worth Rs. 10 every for FY26. The report date to find out eligible shareholders is Tuesday, eleventh November 2025, and the dividend will probably be paid on or earlier than Wednesday, third December 2025.
Acquisition Replace
Indian Metals & Ferro Alloys Ltd signed definitive agreements to accumulate Tata Metal Restricted’s ferro chrome plant positioned in Kalinganagar, Odisha. The asset switch deal provides 99 MVA furnace capability (66 MVA present and 33 MVA beneath development) for a base buy consideration of Rs. 610 crore, making IMFA the nation’s largest producer and sixth-largest globally, with a complete capability exceeding 0.5 million tonnes.
Unfold throughout 115 acres, the power has 4 furnaces able to producing 100,000 tonnes each year, which can rise to 150,000 tonnes as soon as the fifth furnace is commissioned. The plant’s proximity to IMFA’s captive chrome ore mines and upcoming greenfield growth is predicted to yield vital value financial savings and operational synergies. The transaction is predicted to shut inside three months, topic to approvals.
Administration Commentary
Commenting on the outcomes, Mr. Subhrakant Panda, Managing Director, IMFA, stated: “Ferro Chrome costs moved up noticeably in the direction of the tip of the second quarter because of elevated chrome ore prices for non-integrated producers and a pointy cutback in output in South Africa. That is partially mirrored within the present outcomes, and we anticipate to see the total influence within the ongoing quarter with the rise in benchmark in addition to larger spot costs.”
Commenting on the acquisition, he added: “I’m delighted to announce this transformational acquisition which can quick observe our growth plans. Together with our ongoing greenfield growth, it’s going to take whole put in capability past 0.5 million tonnes enabling us to extend our market share with a selected deal with home gross sales at a time when demand for ferro chrome is rising because of India’s speedy financial progress.”
Mr. Panda additional said: “We’re dedicated to creating worth for stakeholders and, constructing on the robust basis of a totally built-in enterprise mannequin, will work to grasp value financial savings and operational synergies which could have a optimistic influence on the underside line. Additional, the acquisition is being funded from inside accruals, which speaks to the power of the Steadiness Sheet.”
Indian Metals & Ferro Alloys Ltd (IMFA) is India’s main totally built-in producer of value-added ferro chrome with 190 MVA put in furnace capability, translating to an output of 284,000 tonnes each year. Based in 1961 and headquartered in Bhubaneswar, Odisha, IMFA operates manufacturing complexes in Therubali and Choudwar, supported by captive energy era of 204.5 MW (together with 4.5 MWp photo voltaic) and captive chrome ore mines in Sukinda and Mahagiri.
Written by Manan Gangwar
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