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Published on July 26, 2022
Mumbai : Indian Metals & Ferro Alloys Ltd (IMFA; estd 1961), the country’s leading producer of ferro alloys, announced Q1 FY23 results today for the period ending June 30th, 2022.
Highlights of Q1 FY23 vs Q1 FY22
Highlights of Q1 FY23 vs Q4 FY22
Operational Highlights of Q1 FY23 vs Q1 FY22
Commenting on the results, Mr Subhrakant Panda, Managing Director said: “Even as commodity prices have corrected on the back of continuing uncertainty due to geopolitical developments and weaker global economic growth, IMFA has posted a robust set of numbers for the first quarter. Our fully integrated business model coupled with long term offtake arrangements sets us apart from our peers; going ahead, we expect margins to sustain in view of correction in input costs and currency devaluation. Our Balance Sheet is exceptionally strong being debt free, and there is more than adequate liquidity to push ahead with our expansion plans.”