NEW DELHI: Ferro-chrome producer Indian Metals and Ferro Alloys on Wednesday reported a consolidated profit after tax (PAT) of Rs 65.49 crore during the quarter ended March 31, helped by higher income. The company had clocked a loss of Rs 51.65 crore in the same quarter last financial year.
During the quarter under review, Indian Metals and Ferro Alloys Ltd’s (
) total income jumped to Rs 587.95 crore, from Rs 381.02 crore a year ago.
The company’s expenses stood at Rs 490.23 crore, compared to Rs 444.60 crore in the year-ago quarter.
IMFA is India’s leading fully integrated producer of value-added ferrochrome with a capacity of 2,84,400 tonnes per annum.
Headquartered in Bhubaneswar, the company has manufacturing complexes in Therubali and Choudwar.
