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Indian Metals reports 10% fall in Q4 net

07 May 2012 Evaluate

Indian Metals and Ferro Alloys, one of the largest integrated producers of ferro alloys in the country, has reported 9.96% fall in net profit at Rs 22.04 crore for the fourth quarter of FY12. The company had posted a net profit of Rs 24.48 crore in January-March quarter of 2011.

However, the company’s total income from operations rose by 11.48% to Rs 318.49 crore in the quarter under review from Rs 285.68 crore in the same quarter last year.

For the year-ended March 31, 2012, the company’s net profit declined 61.36% to Rs 63.93 crore compared to Rs 165.44 crore in the year-ago period. Total income rose to Rs 1,192.54 crore from Rs 1,068.04 crore in 2010-11, up by 11.66%.

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