Indian Metals and Ferro Alloys Limited (IMFA) reported its financial results for the quarter ended September 30, 2025. The ferro alloys producer posted a mixed performance, with higher revenue on a quarter-on-quarter basis but a decline in profitability year-on-year.
The company’s revenue from operations stood at Rs 718.65 crore in Q2 FY26, rising 12% QoQ from Rs 641.54 crore and up 4% YoY vs Rs 691.92 crore in Q2 FY25.
Total income came in at Rs 734.48 crore, compared to Rs 663.53 crore in the previous quarter and Rs 711.02 crore a year earlier.
IMFA’s profit before tax stood at Rs 130.88 crore, up 4% QoQ from Rs 125.71 crore, but down 23% YoY vs Rs 170.31 crore.
The company reported a profit of Rs 97.56 crore, compared to Rs 92.54 crore in the June quarter (up 5% QoQ) and Rs 125.21 crore in the year-ago period (down 22% YoY).
Expenses rose to Rs 603.60 crore, up from Rs 537.82 crore in Q1 FY26 and Rs 540.71 crore in the same quarter last year, driven by higher power and fuel costs and material consumption.
Key figures (₹ crore)
| Metric | Q2 FY26 | Q1 FY26 | Q2 FY25 | QoQ | YoY |
|---|---|---|---|---|---|
| Revenue from operations | 718.65 | 641.54 | 691.92 | +12% | +4% |
| Total income | 734.48 | 663.53 | 711.02 | +11% | +3% |
| Total expenses | 603.60 | 537.82 | 540.71 | +12% | +12% |
| Profit before tax | 130.88 | 125.71 | 170.31 | +4% | −23% |
| Profit after tax | 97.56 | 92.54 | 125.21 | +5% | −22% |
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