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Indian Metals & Ferro Alloys reports 89% fall in Q2 consolidated net profit

27 Oct 2022 Evaluate

Indian Metals & Ferro Alloys has reported results for second quarter ended September 30, 2022.

The company has reported fall of 87.70% in its net profit at Rs 17.82 crore for Q2FY23 as compared to Rs 144.93 crore for the corresponding quarter previous year. However total Income of the company increased by 2.88% to Rs 678.63 crore for the quarter under review as compared to Rs 659.64 crore for the same quarter in the previous year.

On the consolidated basis, the company has reported fall of 88.59% in its net profit at Rs 16.40 crore for the quarter under review as compared to Rs 143.71 crore for the same quarter in the previous year. However total Income of the company increased by 2.87% to 676.88 crore for the quarter under review as compared to Rs 657.97 crore for the same quarter in the previous year.

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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