IMFA posts Rs 100-cr net profit in April-June quarter of FY18

Last year, the company bled a loss of Rs 30 cr in the same quarter

Leading ferro chrome producer Indian Metals & Ferro Alloys Ltd (IMFA) has recorded a resilient performance in the April-June quarter of the current financial year 2017-18, clocking a net profit of Rs 99.92 crore. Last year, the company bled a loss of Rs 30.35 crore in the corresponding period.

The company's revenue surged 68.3 per cent in the period under review as it grew from Rs 253.29 crore to Rs 426.31 crore. Exports zoomed 73 per cent in this period, rising from Rs 217.42 crore to Rs 376.84 crore.

IMFA got a breather towards the end of the quarter as