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Indian Metals reports 71% fall in Q1 net profit

17 Jul 2018 Evaluate

Indian Metals & Ferro Alloys (IMFA) has reported results for first quarter ended June 30, 2018.

The company has reported a fall of 71.24% in its net profit at Rs 28.74 crore for the quarter under review as compared to Rs 99.92 crore for the same quarter in the previous year. Total income of the company decreased by 5.33% at Rs 415.58 crore for Q1FY19 as compared Rs 438.97 crore for the corresponding quarter previous year.

IMFA is a producer of ferro chrome/ferro alloys. The company operates through two segments - Ferro Alloys and Power.

Peers
Company Name CMP
Nava 508.60
Indian Metal & Ferro 1091.10
Maithan Alloys 773.30
Indsil Hydro Power 29.86
Chrome Silicon 39.18
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