Indian Metals and Ferro Alloys Limited (IMFA) has reported a net profit of INR 1.10 billion ($13.49 million) in the first quarter (April-June) of the fiscal year 2023-24, a decline of 17.67 percent year on year, according to a regulatory filing on Wednesday, July 26.
The company has reported a total sales income of INR 7.11 billion ($86.99 million) during the quarter, a decline of 5.15 percent over the corresponding quarter of the previous fiscal year.
IMFA is a ferroalloy producer with a capacity of 284,000 mt per year with a captive power plant of 204 MW and operates two captive chrome ore mines in the eastern state of Odisha.