Indian Metals & Ferro Alloys Ltd — earnings calls

IMFA reported its highest-ever quarterly revenue and profitability in Q1 FY27, producing about 80,000 tons of ferrochrome against a prior average of 65,000 tons per quarter, aided by firm prices and tonnage from the KNR-2 acquisition. Management tempered its earlier FY27 production guidance of 400,000 tons down to about 380,000 tons, citing transformer loading limits and gas cleaning plant work at KNR-2. The company also discussed the South African ferrochrome tariff dynamics, chrome ore sourcing from captive mines, and plans to commission the first KNR-1 furnace later in August.

IMFA reported Q4 FY26 production of about 68,500 tons, including initial output from the newly acquired KNR 2 facility, with PAT rising to Rs 103 crore from Rs 47 crore in the year-ago quarter on higher realizations. Management said realizations rose from roughly Rs 87,000 a ton to about Rs 109,000 a ton, aided by rupee depreciation, while costs rose marginally due to higher chrome royalty and thermal coal prices. The company also gave updates on the KNR 1 greenfield project, an ethanol project, renewable energy tie-ups, and mining capacity expansion plans.