Indian Metals Announces Robust FY26 Results, Highlights Capacity Expansion and ₹7.50 Dividend Recommendation

Indian Metals Announces Robust FY26 Results, Highlights Capacity Expansion and ₹7.50 Dividend Recommendation​

Bhubaneswar, May 27, 2026 — Indian Metals & Ferro Alloys Limited (IMFA) today announced its financial results for the quarter and year ended March 31, 2026. The company reported a strong financial performance, attributing the growth to stable ferro chrome prices, improved operational efficiency, and strategic capacity expansion.

The Board of Directors meeting held on May 27, 2026, approved the audited financial results (both standalone and consolidated) for the fiscal year.

Financial Performance Highlights​

The company achieved significant year-over-year growth, with total revenue from operations reaching Rs 2,826.31 crore in FY26, compared to Rs 2,564.57 crore in FY25. Profit After Tax (PAT) was reported at Rs 424.36 crore, marking an increase from Rs 378.09 crore in the previous fiscal year. Earnings Per Share (EPS) for FY26 stood at Rs 78.64, up from Rs 70.19 in FY25.

The profitability continued to improve in the fourth quarter of FY26, where EBITDA rose to Rs 159.09 crore, significantly higher than Rs 70.52 crore recorded in Q4 FY25.

For comparative financial data, the following table summarizes the key financial metrics:

Strategic Growth and Operational Milestones​

IMFA highlighted its capacity to expand market presence and product diversity through several strategic developments during the reporting period.

Operationally, the company successfully completed the acquisition of the 100,000 tonnes per annum ferro chrome facility at Kalinganagar (KNR 2) from Tata Steel, with the facility becoming fully operational across its four furnaces in March 2026.

The company’s Greenfield Expansion Project (KNR 1) remains on track, with pre-commissioning activities scheduled for June 2026. Upon completion, IMFA expects its total production capacity to exceed 5 lakh tonnes per annum, positioning it among the largest producers globally.

The company also reported record chrome ore raising of 8.10 lakh tonnes in FY26, including 5.36 lakh tonnes sourced from underground mining.

In parallel with core business growth, IMFA is advancing its diversification efforts. The grain-based 120 kLD Ethanol Project at Therubali is at an advanced execution stage, expected to be commissioned in Q2 FY27. Furthermore, the company plans to incorporate renewable energy, expecting 70 MWp hybrid renewable energy sourcing in Q2 FY27, with an additional 65 MWp expected by June 2027, aiming for renewable energy to constitute approximately 40% of its total energy mix.

Corporate Approvals and Governance​

During the Board meeting, IMFA also made several key corporate approvals:

• Dividend Recommendation: The Board recommended a final dividend of Rs 7.50 per equity share (on a face value of Rs 10 each), subject to approval by the shareholders at the forthcoming Annual General Meeting.
• Director Appointment: The appointment of Mr. Partha Satpathy was approved as an Additional Director (Independent Director) for a term of three years.
• Auditors: M/s S.S. Sonthalia & Co. was approved as the Cost Auditors for the financial year 2026-27.
• Policy: The Amended Risk Management Policy of the company was also approved by the Board.

The company confirmed that the standalone financial results and the consolidated financial results for the year ended March 31, 2026, were approved by the Board of Directors and audited by statutory auditors.

IMFA Stock Price Movement​

Today, shares of Indian Metals & Ferro Alloys Limited climbed by 0.64%, settling at ₹1484.90. The stock traded on a total volume of 671,898 shares.