Indian ferrochrome and ferroalloy producer Indian Metals and Ferro Alloys Limited (IMFA) has reported a net profit of INR 1.17 billion ($14.04 million) for the first quarter (April-June) of the fiscal year 2024-25, a rise of seven percent year on year, according to a company statement on Tuesday, August 6.
The company achieved total revenues of INR 6.62 billion ($79.12 million) in the given quarter, a decline of six percent year on year.
I graduated from the University of Kolkata with a degree in economics and have three decades of experience in reporting for leading print media publications, covering key manufacturing industries like iron and steel, energy (fossil and renewable), chemicals and petrochemicals and mining sectors (coal, bauxite, iron ore and copper). I work as a correspondent for SteelOrbis reporting on the Indian steel industry covering pricing and trade trends across the value chain, capacity creations and utilizations, corporate developments, government policy frameworks and industry related news.