Indian Metals and Ferro Alloys (533047) AGM 2025 summary

Opening remarks and agenda

• The 63rd AGM was held by video conference under MCA and SEBI permissions; quorum was present and statutory registers and documents were available for electronic inspection.

• The annual report for the year ended 31 March 2025 was taken as read.

Financial performance review

• FY25 revenue from operations was INR 2,564.57 crore, including foreign exchange earnings of INR 2,322.29 crore, versus INR 2,780.17 crore and INR 2,597.12 crore, respectively, in FY24.

• EBITDA before exceptional items was INR 530.51 crore versus INR 607.50 crore, reflecting lower ferrochrome price realization; PAT rose to INR 378.9 crore from INR 363.69 crore, supported by cost optimization.

• Chrome ore raising reached a record 701,863 tonnes in FY25.

• Compensation received included INR 221.37 crore for Utkal C coal mine land, INR 8.63 crore for mine infrastructure and INR 7 crore from the new allottee for site R&R; INR 131.53 crore had been received in FY24.

Board and executive committee updates

• N. R. Mohanty stepped down as director and Non-Executive Chairman at the AGM’s conclusion, after over 20 years on the board and four years as chairman.