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Indian Metals and Ferro Alloys (533047) investor relations material
Indian Metals and Ferro Alloys Q2 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q2 FY27 revenue rose 34.72% YoY to ₹968.17 crore, EBITDA increased 69.90% to ₹235.04 crore and PAT rose 50.62% to ₹148.77 crore.
H1 FY27 revenue was ₹1,928.62 crore, EBITDA ₹516.31 crore and PAT ₹340.26 crore; higher output followed capacity additions.
Financial highlights
Q2 FY27 revenue from operations was ₹968.17 crore versus ₹718.65 crore; EBITDA was ₹235.04 crore versus ₹138.34 crore.
Q2 FY27 PAT was ₹148.77 crore versus ₹98.77 crore; H1 FY27 PAT was ₹340.26 crore versus ₹190.25 crore.
H1 FY27 revenue from operations was ₹1,928.62 crore versus ₹1,360.19 crore; EBITDA was ₹516.31 crore versus ₹263.81 crore.
H1 exports were ₹1,611.15 crore versus ₹1,160.22 crore; Q2 exports were ₹817.54 crore versus ₹603.96 crore.
Consolidated Q2 PBT/PAT were ₹198.96 crore/₹147.76 crore; H1 PBT/PAT were ₹457.27 crore/₹340.35 crore.
Outlook and guidance
Production guidance is 380,000 tons for FY27 and ~475,000 tons for FY28; Q3 output is expected to exceed 100,000 tons, with all furnaces at optimal load in Q4.
Installed ferrochrome capacity is planned to rise from 384,000 TPA in FY26 to 484,000 TPA in FY27 and 534,000 TPA in FY28.
FY27 ore-raising target is 1 million tons; longer-term target is 1.2 million tons, with Sukinda underground expansion progressing toward completion by FY31.
The 120 KLD ethanol plant is expected to trial in mid-November 2026 and commission in January 2027; projected revenue is ₹320 crore at ~10% EBITDA margin.
Hybrid renewable power, niche grades and capacity growth are intended to support margins; contracted renewable capacity reached 135 MW.
- Lower FY25 revenue, higher PAT, and expansion plans targeting key 2026 milestones.533047
AGM 2025 - Q2 profit beat expectations as expansion, UCL merger and dividend plans advanced.533047
Q2 24/25 - Q1 PAT rose 42% QoQ as Utkal Coal merger plans advanced.533047
Q1 24/25 - Q3 profit declined amid ferrochrome weakness, while 9M profit rose and expansion advanced.533047
Q3 24/25 - Profit rose despite lower revenue; ₹430 crore free cash flow and expansion plans support growth.533047
Q4 24/25 - Sequential improvement and expansion progress, despite lower YoY profit and market uncertainty.533047
Q1 25/26 - FY24 earnings and operations hit records, while mining losses and UCL risks persisted.533047
Q4 23/24 - Higher ferrochrome realizations lifted Q4 earnings as capacity and diversification projects advanced.533047
Q4 25/26 - Q2 profit fell YoY as the ₹610 crore Tata Steel plant deal advances capacity growth.533047
Q2 25/26
Next Indian Metals and Ferro Alloys earnings date
Next Indian Metals and Ferro Alloys earnings date
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