The Indian Metals and Ferro Alloys ltd (IMFA) on Tuesday announced its Q2 and H1 FY16 results for the period ended on September 30.
The company generated a total revenue of Rs338 crore in Q2 FY16 against Rs348 crore in Q2 FY15. Its net profit stands at Rs5.12 crore, which was Rs0.57 crore in Q2 FY15. Similarly, the revenue was Rs678 crore in H1 FY16 as against Rs649 crore in H1 FY15.
Higher production and power generation augmented the quarter-II results. The ferrochrome production of for Q2 FY16 has increased by 67 per cent to 59,701 tonnes compared to corresponding quarter. Similarly, its power generation also increased by 61 per cent to 268 million units.
IMFA MD & CEO Subhrakant Panda said, “We have performed creditably in a tough environment for commodities by maximising output and bringing down raw material costs as well as interest outgo.”