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Indian Metals & Ferro Alloys Limited Q3 FY26 earnings call summary

NSE: IMFA · BSE: 533047

Earnings call of 6 Feb 2026, summarised by AI from the filing.

IMFA reported Q3 FY26 EBITDA margin above 23% on higher realizations, guided FY27 ferrochrome production at approximately 400,000 tonnes.

Key takeaways

  1. EBITDA margin Q3 FY26 EBITDA margin a little more than 23% (Q2 FY26: around 18% to 19%), on higher ferrochrome realizations.
  2. Volume guidance FY27 ferrochrome production guided at approximately 400,000 tonnes; FY28 at 475,000-500,000 tonnes.
  3. KNR 1 commissioning First furnace at Kalinganagar expected June 2026, second shortly thereafter.
  4. South Africa risk South African capacity restart with special tariffs could lower ferrochrome prices if Chinese output doesn't fall.

Original filing on BSE

Indian Metals & Ferro Alloys Limited Q1 FY27 results

As filed: Revenue ₹960 cr (+50% year on year), EBITDA ₹281 cr (+123% year on year), PAT ₹193 cr (+107% year on year), EBITDA margin 29.3% (+966 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹763 cr (+35% year on year), EBITDA ₹159 cr (+124% year on year), PAT ₹103 cr (+119% year on year), EBITDA margin 20.8% (+832 bps). Score 85 of 100, Above trend. Revenue, EBITDA and profit growth were well above the company's own trend. EBITDA margin rose 832 bps year on year. Profit fell 22% from last quarter. Share price after the results: −10.1% in 29 days (Nifty 500: +0.9%).
  • Q3 FY26: Revenue ₹703 cr (+9% year on year), EBITDA ₹164 cr (+28% year on year), PAT ₹131 cr (+41% year on year), EBITDA margin 23.4% (+347 bps). Score 63 of 100, In line with trend. Revenue and EBITDA growth were above the company's own trend; profit growth was in line with it. EBITDA margin rose 347 bps year on year. Share price after the results: −8.8% in 29 days (Nifty 500: −4.5%).
  • Q2 FY26: Revenue ₹719 cr (+4% year on year), EBITDA ₹138 cr (−19% year on year), PAT ₹98.0 cr (−22% year on year), EBITDA margin 19.2% (−537 bps). Score 50 of 100, In line with trend. Revenue growth was above the company's own trend; EBITDA and profit growth were below it. EBITDA margin fell 537 bps year on year. Revenue grew on the previous quarter, against its usual seasonal pattern. Share price after the results: +15.9% in 30 days (Nifty 500: −0.3%).
  • Q1 FY26: Revenue ₹642 cr (−3% year on year), EBITDA ₹126 cr (−22% year on year), PAT ₹93.0 cr (−18% year on year), EBITDA margin 19.6% (−485 bps). Score 38 of 100, Below trend. Revenue growth was in line with the company's own trend; EBITDA and profit growth were below it. EBITDA margin fell 485 bps year on year. Share price after the results: +16.0% in 30 days (Nifty 500: −2.4%).
  • Q4 FY25: Revenue ₹567 cr (−19% year on year), EBITDA ₹71.0 cr (−32% year on year), PAT ₹47.0 cr (−27% year on year), EBITDA margin 12.5% (−246 bps). Score 17 of 100, Below trend. Revenue growth was well below the company's own trend; EBITDA and profit growth were below it. EBITDA margin fell 246 bps year on year. Other income 27% of PBT. Revenue fell 12% from last quarter. Share price after the results: +12.3% in 29 days (Nifty 500: +1.8%).
  • Q3 FY25: Revenue ₹643 cr (−6% year on year), EBITDA ₹128 cr (−20% year on year), PAT ₹93.0 cr (−15% year on year), EBITDA margin 19.9% (−330 bps). Score 30 of 100, Below trend. Revenue growth was well below the company's own trend; EBITDA and profit growth were below it. EBITDA margin fell 330 bps year on year. Revenue fell 7% from last quarter.
  • Q2 FY25: Revenue ₹692 cr (0% year on year), EBITDA ₹170 cr (+13% year on year), PAT ₹125 cr (+40% year on year), EBITDA margin 24.6% (+292 bps). Score 56 of 100, In line with trend. EBITDA margin rose 292 bps year on year. Not enough history for a trend yet: scored on growth alone.

Past price moves after results do not indicate future moves. Not a recommendation.

Indian Metals & Ferro Alloys Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.