IMFA exports jump 32 per cent in Q1

Indian Metals & Ferro Alloys Ltd (IMFA), India's leading fully integrated producer of value-added ferro chrome, has reported 81 per cent increase in profit before exceptional items during Q1 of the current financial year. For the quarter ended June 30th, the company has posted Rs 7.84 crore profit before exceptional items compared to Rs 4.32 crore under the head in the same period of the last year. The company's revenue also grew by 13 per cent to Rs 340.01 crore and exports jumped by 32 per cent to Rs 299.25 crore. It, however, registered lower ferrochrome production of 46,027 tonnes and power generation of 213 million units though its ferrochrome sales went up to 52,005 tonnes during the period compared to the first quarter of the previous fiscal.