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Published on May 24, 2022
Record performance in FY22 sets stage for expansion plans
Hyderabad : Indian Metals & Ferro Alloys Ltd (IMFA; estd 1961), the country’s leading producer of ferro alloys, announced its audited financial results today for the quarter & year ending March 31st, 2022, which surpassed several previous records.
Highlights of Q4 FY22 vs Q4 FY21
Highlights of FY22 vs FY21
Operational Highlights of Q4 FY22 vs Q4 FY21
Operational Highlights of FY22 vs FY21
Business Highlights
Commenting on the results, Mr Subhrakant Panda, Managing Director said: “The robust performance of FY22 is a result of steady operations and exceptional realisations for ferro chrome which has enabled us to prepay all long term debt. While there are headwinds on account of lockdowns in China and the continuing conflict in Ukraine, we remain confident about healthy margins in the ongoing fiscal on account of our fully integrated operations. Moreover, a very strong Balance Sheet gives us the wherewithal to embark on the 100,000 tpa expansion project in Kalinga Nagar.”