Latest News | IMFA Net Profit Rises to Rs 117 Cr in June Quarter

New Delhi, Jul 31 (PTI) Indian Metals & Ferro Alloys Ltd on Wednesday posted a nearly 7 per cent rise in its standalone profit after tax to Rs 117.52 crore in the June 2024 quarter.

IMFA had reported a profit after tax of Rs 110 crore in the April-June quarter of the preceding 2023-24 fiscal, the company said in a statement.

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Its revenues, however, fell to Rs 662.28 crore from Rs 701.73 crore a year ago.

The company's ferro chrome production declined to 60,976 tonnes, against 66,261 tonnes in FY24.

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Sales also fell to 63,035 tonnes from 64,695 tonnes in the year-ago period.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)