 "Ferro Alloys")
Leading ferro chrome producer Indian Metals & Ferro Alloys Ltd (IMFA) posted a loss of Rs 33.07 crore for the quarter ended September 30, 2019 as challenging market conditions and depressed ferro chrome prices weighed on.
IMFA's muted performance in Q2 of this fiscal is in contrast to the net profit of Rs 10.66 crore it achieved in the comparable period of last fiscal year. The company's revenues declined 12.66 per cent from Rs 445.93 crore to Rs 389.47 crore. IMFA's exports suffered as well, shrinking 12 per cent from Rs 401.06 crore to Rs 352.05 crore in the period under
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