Odisha Channel Bureau Bhubaneswar, Feb 3: Indian Metals & Ferro Alloys (IMFA), India’s leading fully integrated producer of value added ferro chrome, today announced its Q3 & 9M FY15 results for the period ended December 31, 2014.Highlights of Q3 FY15 vs Q3 FY14• Revenue of Rs.292.26 crores vs Rs.364.06 crores• Exports of Rs 227.05 crores vs Rs 286.13 crores• EBIDTA of Rs 47.86 crores vs Rs 85.19 croresHighlights of 9M FY15 vs 9M FY14• Revenue of Rs 941.60 crores vs Rs 993.69 crores• Exports of Rs 734.33 crores vs Rs 808.92 crores• EBIDTA of Rs 177.87 crores vs Rs 233.72 croresBusiness Highlights• Restart of Sukinda Chromite Mines on October 1st, 2014• Highest ever monthly ferro chrome output of 20,522 tonnes in December 2014Commenting on the results Subhrakant Panda, Managing Director & CEO said: “Lower production of ferro chrome during the previous quarter on account of closure of Sukinda Chromite Mines from April-September 2014 had a severe impact besides, of course, the challenging environment in general for the industry.“With mining operations restarting on October 1st, 2014 we have since switched on all the furnaces and recorded the highest ever monthly output in December 2014 which is heartening.“The global demand-supply imbalance is likely to continue for another couple of quarters after which a recovery is likely.We are confident about our integrated business model and the ability to ride out the present conditions,” Panda added.
February 3, 2015
Breaking News:
- Robert Kiyosaki Says US Heading for 'Greater Depression' But You Can Become 'Very Rich Person' In This Crisis If You Do This
May 23, 2025, 11:00 pm - U.S. citizen with REAL ID handcuffed and held in immigration raid before being released
May 23, 2025, 9:42 pm - All six people on plane that crashed in San Diego confirmed dead
May 23, 2025, 8:39 pm - Analysis-United Airlines has few viable alternatives to congested Newark Airport
May 23, 2025, 8:34 pm - Georgia man who fled with the nanny after his wife's killing is charged with murder 19 years later
May 23, 2025, 7:29 pm - Jon Stewart Shares Dark Prediction for How the Trump Story Ends
May 23, 2025, 7:00 pm - KTLA 5 crew encounters man armed with guns outside Pasadena Apple store
May 23, 2025, 6:47 pm - Titanic Submersible: New Clip Reveals Implosion Before Final Message
May 23, 2025, 6:40 pm - Trump is killing the goose that laid America’s golden eggs
May 23, 2025, 6:38 pm - Marjorie Taylor Greene picked a fight with Grok
May 23, 2025, 6:09 pm