Leading ferro chrome producer Indian Metals and Ferro Alloys has reported an over 55% decline in net profit to Rs 13.16 crore for the quarter ended December 31, 2011. The company had reported a net profit of Rs 29.41 crore for the corresponding quarter of 2010-11.
Net sales of the company, however, rose 28.82% to Rs 294.27 crore during the quarter under review from Rs 228.43 crore in the October-December quarter of FY11.
The company’s over 80% of net sales were contributed by exports of ferro chrome and due to rupee depreciation, its margins improved during the quarter. Ferro chrome is a raw material used in production of stainless steel.
During Q3, the company’s expenditure on raw materials increased by over 28% to Rs 159.04 crore from Rs 123.94 crore in the same period last year.
| Company Name | CMP |
|---|---|
| Indian Metal & Ferro | 1566.85 |
| Maithan Alloys | 1036.10 |
| Nava | 704.50 |
| Indsil Hydro Power | 41.30 |
| Shyam Century | 5.61 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: