 "Mining")
Higher ferro-chrome prices and improved business sentiment in China helped Indian Metals & Ferro Alloys Ltd (IMFA) post a net profit of Rs 63.87 crore for the quarter ended December 31, 2016. In the comparable period of last fiscal, IMFA had managed to turn a meagre profit of Rs 2.75 crore.
IMFA's topline rose 38 per cent in the period under review from Rs 335.35 crore to Rs 462 crore. Exports, too, looked up in the quarter as they expanded from Rs 266.48 crore to Rs 381.93 crore, an increase of 43.3 per cent.
On the operational front,
IMFA's topline rose 38 per cent in the period under review from Rs 335.35 crore to Rs 462 crore. Exports, too, looked up in the quarter as they expanded from Rs 266.48 crore to Rs 381.93 crore, an increase of 43.3 per cent.
On the operational front,
