Indian Metals & Ferro Alloys disclosed a drop in standalone net profit for the quarter ended June 2014. During the quarter, the profit of the company declined 80.14% to Rs 20.00 million from Rs 100.70 million in the same quarter last year. Net sales for the quarter declined marginally 1.84% to Rs 3,013.10 million, compared with Rs 3,069.60 million for the prior year period. Earnings per share for the quarter stood at Rs 0.77, registering 80.15% decline over previous year period.
Indian Metals & Ferro Alloys is a world of enterprise and innovation inspired by its Founders Dr Bansidhar Panda and Late Mrs Ila Panda. What now stands before the world is a leading, fully integrated producer of ferro alloys stradling the value chain from mining to smelting and with plans for accelerated growth.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 14 | Jun - 13 | %Change |
| Net Sales | 3,013.10 | 3,069.60 | (1.84) |
| Net Profit | 20.00 | 100.70 | (80.14) |
| Basic EPS | 0.77 | 3.88 | (80.15) |
Shares of the company declined Rs 8.4, or 2.1%, to trade at Rs 392.00. The total volume of shares traded was 3,486 at the BSE (2.05 p.m., Tuesday).
