Indian Metals & Ferro Alloys Ltd (IMFA), a prominent small-cap player in the ferrous metal sector, has declared an interim dividend of Rs 5 per share for the fiscal year 2027. This announcement coincides with the release of the company's strong financial results for the September quarter (Q2 FY27).
Dividend Details and Key Dates
The company has set Thursday, November 12, 2026, as the record date to determine the eligibility of shareholders for the interim dividend. Payments to eligible shareholders are scheduled to be disbursed on or before December 3, 2026.
Robust Q2 FY27 Financial Performance
IMFA reported a significant surge in its financial metrics for the second quarter of FY27. The profit after tax (PAT) rose by an impressive 50.62% year-on-year (YoY) to Rs 148.77 crore, compared to Rs 98.77 crore in the corresponding quarter of the previous fiscal year (Q2 FY26).
Revenue for the September quarter also saw substantial growth, increasing by 34.72% YoY to Rs 968.17 crore, up from Rs 718.65 crore in Q2 FY26. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) stood at Rs 235.04 crore, a considerable rise from Rs 138.34 crore reported in the year-ago period.
Expansion and Future Outlook
Further strengthening its market position, IMFA announced the inauguration of its Kalinganagar greenfield project. This expansion elevates the company's total installed ferro chrome capacity to 534,000 tonnes per annum (tpa), cementing its status as India's largest ferro chrome producer. Commissioning activities for the project's second furnace have already commenced, with hot metal tapping anticipated shortly.
In a strategic move to boost production, IMFA's board has approved a capital expenditure (capex) of Rs 375 crore. This investment is earmarked for increasing chrome ore production and enhancing the output of low-carbon ferro chrome, signaling the company's commitment to growth and operational efficiency.
Stock Market Performance
Following the positive announcements, shares of IMFA climbed 2.28% to close at Rs 1,123.60 on Wednesday. Despite this recent uptick, the stock has experienced a 24.67% decline year-to-date. The small-cap company currently commands a market capitalization of Rs 6,062.28 crore.