INDIAN METALS & FERRO

Management reported that Indian Metals & Ferro Alloys Limited (IMFA) achieved its highest-ever revenues and profitability in Q1 FY27, with production reaching 80,000 tons compared to an average of 65,000 tons per quarter. The Managing Director, Subhrakant Panda, noted that the KNR-2 acquisition contributed significantly to this increase. Management indicated a goal of 400,000 tons for FY27 but adjusted this down slightly due to transformer loading concerns and compliance with emission norms. The company is also working on enhancing operational efficiency through digital initiatives and Kaizen practices. Management expressed confidence in maintaining competitiveness despite potential short-term price fluctuations in ferrochrome due to increased production from South Africa. The earnings call concluded with management emphasizing the importance of long-term performance over short-term quarterly results.

Management highlighted record performance and operational improvements.