Indian Metals & Ferro Alloys has officially announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The ferro alloys manufacturer delivered robust financial performance with consolidated net profit surging 40.8% year-over-year to ₹131.46 crore and standalone net profit reaching ₹130.67 crore, representing a 40.3% increase from the previous year.

Official Q3FY26 Financial Results

The company's official results demonstrate strong growth across key financial metrics. Total income on a consolidated basis reached ₹724.57 crore compared to ₹660.43 crore in Q3FY25. The standalone total income stood at ₹724.06 crore against ₹660.75 crore in the corresponding previous quarter, marking a 9.6% growth.

Standalone Performance Highlights

The standalone results also showcased impressive performance with net profit after tax of ₹130.67 crore compared to ₹93.14 crore in Q3FY25. Total comprehensive income after tax reached ₹131.28 crore against ₹89.54 crore in the previous year, reflecting strong operational efficiency.

Nine-Month Performance Overview

For the nine months ended December 31, 2025, the company reported consolidated total income of ₹2,122.58 crore with net profit after tax of ₹321.56 crore. The standalone nine-month performance showed total income of ₹2,122.88 crore and net profit after tax of ₹320.92 crore, with basic earnings per share of ₹59.48.

Regulatory Compliance and Disclosure

The financial results were announced through official communication to stock exchanges including NSE (Stock Symbol: IMFA) and BSE (Stock Code: 533047) on February 6, 2026. The results comply with Regulation 33 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The detailed financial results are available on stock exchange websites and the company's official website at www.imfa.in .

Strategic Position and Market Standing

With equity share capital of ₹53.96 crore remaining unchanged, the company has demonstrated strong return on equity through its improved profitability metrics. The consistent performance across both standalone and consolidated results indicates robust operational management and effective strategic execution by the ferro alloys manufacturer.

Indian Metals & Ferro Alloys shares experienced significant selling pressure on Tuesday, declining as much as 12.00% in what marks the biggest single-day fall since January last year. The stock extended losses for the second consecutive day, having declined in three out of the last four trading sessions.

South African Supply Concerns Drive Market Sentiment

The primary concern weighing on investor sentiment stems from developments in South Africa, a key global supplier of ferrochrome. Market participants are closely monitoring whether South African ferrochrome smelters will restart operations following potential electricity tariff relief.

Reports indicate that South Africa's electricity regulator, NERSA, is expediting an application from Eskom, the country's state-owned power utility responsible for electricity generation, transmission, and distribution. Eskom has requested a temporary reduction in the NPA tariff for Calendar Year 2026.

Industry Competitiveness Challenges

Major producers Samancor and Glencore-Merafe had previously declared hardship under their NPAs, including the take-or-pay provisions, as high power costs rendered South African smelters globally uncompetitive. The significance of electricity costs cannot be understated, as they alone account for 35.00% to 40.00% of ferrochrome production costs.

With tariff relief discussions now on the table, efforts are being made to revive South Africa's ferrochrome industry. Should tariffs be reduced, some South African smelters could restart operations, potentially increasing global supply and putting pressure on international prices.

Domestic Price Pressures

Closer to home, domestic ferrochrome prices have experienced a notable decline from recent peaks. The price correction represents another headwind for the company's near-term prospects.

Stock Performance

Shares of Indian Metals and Ferro Alloys closed Tuesday's session trading 8.30% lower at ₹1,337.00, having touched an intraday low of ₹1,217.00. The stock's recent performance reflects the market's concerns about both global supply dynamics and domestic pricing pressures in the ferrochrome segment.