| Revenue growth | Noticeably higher YoY; capacity addition and better prices; no figures given. |
|---|---|
| Margins | Q1 ~30% EBITDA margin moderated; Q2 ~₹28,000/t, tightening near term. |
| Order book | Long-term contracts cover significant volumes; no order book figure. |
| Demand visibility | Strong market; SA supply ramp-up and China capacity cuts expected to balance. |
| Management confidence | Confident but evasive on costs; refused cost and pricing numbers. |
Growth
Growth driven by capacity addition and better prices; no revenue or PAT figures disclosed on call.
Outlook
FY27 production guided at 380,000 t (cut slightly); ore raising target 1 Mt; FY28 volume 475,000 t; ₹375 Cr Mahagiri capex.
Risks
Coke and startup cost inflation; margins tightening; KNR2 slipping to July 2027; South African supply ramp-up.
Last quarter's promises, checked
Delivered
- Q2 realisation: 'more or less same, slight correction' from ~₹1.19 lakh/t → ~₹1.16 lakh/t (= BEAT)
Partly delivered
- FY28 production: 475,000–500,000 t → 475,000 t, low end (= PARTIAL)
- KNR-2 env. clearance: ~mid-2027 → July 2027 (= PARTIAL)
Missed
- FY27 production: ~400,000 t → 380,000 t (= MISS)
Earnings Call Transcript filed with NSE, NSE: IMFA. Summary written with AI assistance from the document.
Indian Metals & Ferro Alloys Ltd: key numbers
- Share price
- ₹1,132.00
- Market cap
- ₹6,108 Cr
- Revenue (annual)
- ₹2,826 Cr
- Net profit (annual)
- ₹424.3 Cr
- P/E (TTM)
- 10.6×Sector 16.7×
- Promoter holding
- 58.69%+0.00% QoQ
- FII holding
- 2.88%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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