【Ferro-alloys.com】Indian Metals & Ferro Alloys (IMFA) on Tuesday posted a more than threefold increase in its consolidated profit after tax (PAT) at Rs 143.71 crore during the September quarter, mainly due to higher revenue. The company had Rs 43.73 crore PAT during the July-September period of the 2020-21 financial year, it said in a regulatory filing.

During the quarter under review, the company said that its total revenue increased to Rs 657.97 crore from Rs 453.67 crore a year ago.

Their total expenses were Rs 454.15 million compared to Rs 396.73 million in the prior year quarter.

In a statement, IMFA Managing Director Subhrakant Panda said: “In line with prices for other raw materials, ferrochrome has also been buoyant, leading to a record quarter for IMFA in terms of healthy revenue and earnings. “.

Based in Bhubaneswar (Odisha), IMFA is India’s leading fully integrated producer of value-added ferrochrome with a capacity of 2.84 lakh tonnes per year.

The company has manufacturing complexes in Therubali and Choudwar backed by captive power generation of 204.55 MW (including 4.55 MW solar), and owns chrome ore mines at Sukinda and Mahagiri.

• [Editor:zhaozihao]