Indian Metals & Ferro Alloys (IMFA) reported a strong performance for the fourth quarter, with net profit more than doubling year-on-year to ₹103 crore compared with ₹47.4 crore in the corresponding quarter last year.
The company’s revenue from operations increased 35% to ₹763.3 crore during the quarter, compared with ₹567 crore in the year-ago period, reflecting healthy growth in business performance.
Operationally, the company posted a sharp improvement, with EBITDA rising to ₹159.3 crore from ₹70 crore in the corresponding period last year. EBITDA margin expanded significantly to 21% from 12.3% a year ago, indicating stronger operating efficiency and improved profitability.
The sharp rise in earnings and margin expansion suggest stronger operational performance during the quarter, with profit growth significantly outpacing revenue growth.
Meanwhile, shares of Indian Metals & Ferro Alloys were trading higher by 0.8% at ₹1,487.10 on the NSE at the time of publishing this article. The stock touched an intraday high of ₹1,510.90 during the session.
Disclaimer: This article is for informational purposes only and should not be considered investment advice.