Arfin India Limited, a key player in the aluminium industry, has announced a significant order win, bolstering its market position and financial outlook.

Order Details

The company has received an order from JFE Shoji India Private Limited for supplying 900 MT of Aluminium Deox products. The order, valued at approximately ₹25.98 crores, is slated for delivery in August to various steel mills located in Western India.

Transaction Transparency

In a statement to the stock exchanges, Arfin India emphasized that the transaction does not fall under related party dealings. The company confirmed that none of the promoter or promoter group entities have any interest in JFE Shoji India Private Limited, the entity that awarded the order.

Company Performance

While this order marks a positive development for Arfin India, it's worth noting the company's recent financial performance. According to the unaudited financial results for the quarter ended June 30:

The company has shown a decrease in revenue and profit compared to the same quarter in the previous year.

Market Presence

Arfin India Limited continues to strengthen its position in the aluminium industry. The company primarily operates in the manufacturing and trading of ferrous and non-ferrous metals, with a focus on aluminium products.

This latest order underscores the company's capabilities in producing specialized aluminium products for the steel industry, particularly Aluminium Deox products which play a crucial role in steel manufacturing processes.

Looking Ahead

As Arfin India prepares to fulfill this substantial order, investors and industry observers will be keenly watching how it impacts the company's financial performance in the upcoming quarters.

Arfin India , a leading manufacturer and trader of ferrous and non-ferrous metals, has reported its financial results for the quarter ended June 30. The company's unaudited financial results, approved by its Board of Directors, reveal a mixed performance across key financial metrics.

Revenue and Profit

Arfin's consolidated revenue from operations stood at ₹10,886.05 lakh for the quarter. The company's net profit was reported at ₹108.10 lakh on a consolidated basis, compared to ₹300.69 lakh in the corresponding quarter of the previous year, representing a decrease of about 64%.

Standalone Performance

On a standalone basis, Arfin reported revenue from operations of ₹10,875.07 lakh and a net profit of ₹101.85 lakh for the quarter.

Earnings Per Share

The company's earnings per share (EPS) stood at ₹0.06 for both standalone and consolidated results.

Key Financial Highlights

Annual General Meeting

Arfin India has scheduled its 33rd Annual General Meeting for September 6. The meeting will be conducted via video conferencing, adapting to modern corporate practices.

Recent Developments

It's worth noting that Arfin India Limited was listed on the National Stock Exchange of India Limited (NSE) with effect from July 22, expanding its presence in the Indian stock market.

The company continues to operate primarily in the manufacturing and trading of ferrous and non-ferrous metals, maintaining its focus on this core business segment.