 "Q1 results: Net profit of 113 firms up 10.8%, sales growth at 10-qtr low")
Leading ferro chrome producer Indian Metals & Ferro Alloys Ltd (IMFA) has seen its net profit nosediving by 169.6 per cent for the quarter ended June 30 this year to Rs 10.66 crore.
In the comparable period of last financial year, the BSE and NSE listed company had clocked a net profit of Rs 28.74 crore.
IMFA attributed the plunge in net profit to the stress surrounding the ferro chrome industry as a fallout of global trade tensions.
Subhrakant Panda, managing director of IMFA, said: “The ferro chrome industry is going through a difficult time on account of trade tensions
