Shares of Indian Metals & Ferro Alloys (IMFA) ended Wednesday's trading session 2.5% higher at ₹1,126 apiece following the announcement of its September-quarter results, which presented a mixed picture.
The company reported a 51.4% year-on-year (YoY) increase in consolidated net profit to ₹147.76 crore for the September quarter of FY27, compared with ₹97.56 crore in the year-ago quarter. However, profit declined 23.3% sequentially from ₹192.59 crore in the June quarter.
Revenue from operations rose 34.7% YoY to ₹968.17 crore from ₹718.65 crore in Q2 FY26. On a quarter-on-quarter (QoQ) basis, revenue was marginally higher, increasing 0.8% from ₹960.45 crore in Q1 FY27.
Operating performance also improved on a yearly basis. EBITDA, derived by adding finance costs and depreciation to profit before tax and subtracting other income, stood at ₹234.87 crore, up 70.3% from ₹137.89 crore in Q2 FY26.
The EBITDA margin expanded to 24.3% from 19.2% a year ago. However, on a sequential basis, EBITDA declined 16.5% from ₹281.27 crore in Q1 FY27, while the margin narrowed from 29.3%.