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Tag: performance

IMFA Sees Strong Financial Momentum in Q2 FY25

National, November 8, 2024: Indian Metals & Ferro Alloys Ltd (IMFA; estd 1961), the country’s leading fully integrated producer of ferro alloys, announced Q2 FY25 results today for the period ending September 30th, 2024.

Financial Performance

Q2 FY25

Revenue

EBITDA

EBITDA Margin

PAT

PAT Margin

EPS (not annualized)

Exports

 691.92 cr

 175.62 cr

25.38%

 132.73cr

18.60 %

 24.60

 652.97 cr

Financial Highlights:                                                                                                                             

Performance indicators

Q2 FY25

Q1 FY25

Q2 FY24

H1 FY25

HI FY24

Revenue

691.92

662.28

692.61

1354.20

1394.34

EBITDA

175.62

167.31

150.27

376.20

323.19

PAT

132.73

117.52

89.96

250.25

199.96

Exports

652.97

626.97

653.77

1279.94

1316.53

Operational Highlights:

Performance indicators

Q2 FY25

Q1 FY25

Q2 FY24

H1 FY25

H1 FY24

Ferro Chrome production (Tonnes)

68,248

60,976

66,796

129,224

133,057

Ferro Chrome sales (Tonnes)

66,951

63,035

67,448

129,986

132,144

Power generation (Million Units)

277

277

296

554

586

Chrome Ore raising (Tonnes)

104,327

202,772

133,666

307,099

404,314

Management Comment:

Commenting on the results, Mr Subhrakant Panda, Managing Director said that “Higher output, continued focus on operating efficiency, and stable input costs and selling prices have led to improved margins in the second quarter results.

On the global front, demand for stainless steel has marginally dropped largely due to economic uncertainty. However, the long awaited stimulus measures announced in China coupled with the recent uptick in PMI are positive signs for the metals sector in general.

Mr Panda added,Domestic ferro chrome prices have softened recently, making it unviable for non-integrated producers. In this context, access to captive ore and a debt-free Balance Sheet give us confidence and we are focused on leveraging it to register superior performance.”

Shinjini Kulkarni to showcase a scintillating performance at REACH Virasat.

Kathak virtuoso Shinjini Kulkarni, an eminent torchbearer of the Lucknow gharana, will exhibit a grand spectacle pulsating with intricate techniques at REACH Virasat 2024. The evening of October 21, 2024, at the Dr. BR Ambedkar Stadium, Dehradun will leave the audience stunned with Kulkarni’s grace, intricate techniques, and expressive abhinaya.

Brightening the stage with her dedication and passion, Shinjini has garnered the audience’s affection and blessings. Her performances, a powerhouse of poetic uniqueness and creative approaches have never failed to catch the spectator’s admiration worldwide.

At Virasat 2024, her performance will dive into the rich traditions of the Lucknow Gharana of Kathak, offering the dance aficionados the opportunity to experience the intricate nuances of the dance form. Her presentation will include recitals in Teentaal and Rupak, showcasing her skill over rhythm and craft. In addition, she will present an enthralling abhinaya segment that brings together the emotions and art of narration through dance.

From the Ninth Generation of the Kalka Bindadin Lineage, Shinjini began her training at an early age under the tutelage of her grandfather Pt.Birju Maharaj ji and since then she has been exploring her passion for dance. From performing in groups to solos at prestigious national and international events, the ardent dancer put her mind and soul to the concept to deliver an unforgettable performance on stage.

Virasat 2024, starting from October 15 to October 29, 2024, offers a platform for esteemed artists to share their expertise and passion that enriches the cultural tapestry of folk life and rich heritage by featuring classical dance, music, art, craft, theatre, cinema, literature, yoga, and much more.