Q1 2025 Indian Metals and Ferro Alloys Ltd Earnings Call Transcript
Key Points
- Indian Metals & Ferro Alloys Ltd (BOM:533047) reported a 42% increase in PAT due to improved realization and lower costs.
- The company received several honors from the Directorate General of Mines Safety, highlighting its strong safety measures.
- Market valuation crossed INR4,000 crore, reflecting a 900% increase over the past five years.
- The company has a fully integrated business model, including chrome ore mining, electricity production, and chrome ore smelting.
- Ferrochrome prices are holding firm above INR1 lakh, with expectations of better Q2 results due to higher volumes.
- Turnover decreased by 5% due to lower production and sales volume.
- Uncertainty regarding the impact of the recent Supreme Court judgment on mineral rights tax.
- The demand for ferrochrome may be lower in the next quarter due to seasonal factors like the monsoon season and summer vacations in Europe.
- Operational costs are influenced by fluctuating coal prices and transportation rates.
- There is a delay in the expansion plans at Kalinganagar due to land acquisition issues and government processes.
Ladies and gentlemen, good day, and welcome to earnings conference call of Indian Metals and Ferro Alloys Limited, arranged by Veritas Reputation. (Operator Instructions) Please note that this conference is recorded. I'll now hand the conference over to Mr. Aryan Rana from Veritas Reputation. Thank you, and over to you, sir.
Thank you, Seema. Good evening, and thank you all for joining this conference call with Indian Metals and Ferro Alloys Limited to discuss our financial results for the first quarter of this fiscal year ended June 30, 2024. We are delighted to share that IMFA whose market valuation has bumped 100% the past year has been awarded several honors by the Directorate General of Mines Safety during the all India Mines Safety Awards 2024.
These awards specify to the company's inbuilt safety measures at Sukinda Mines and Mahagiri Mines, which were ranked second and third in the minor mines category, respectively. Recently, the company's market valuation crossed INR4,000 crore
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