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Indian Metals & Ferro Alloys Ltd

Q1 FY27Ferrous Metals

Indian Metals & Ferro Alloys Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 earnings call: what management said on revenue, margins and capex.

Price₹1,180
Market cap₹6.4K Cr
P/E12.1
Updated16 Oct 2026
Read3 min read

What the Q1 FY27 call signalled

2 of 3 strong

RevenueGood growth
MarginMargins steady
CapexCapex planned

The short version

Production for FY27 expected around 380,000 tons, slightly lower than the earlier guidance of 400,000 tons due to transformer constraints at KNR-2. Q1 FY27 marked a breakthrough quarter with highest-ever revenues and profitability.

From Indian Metals & Ferro Alloys Ltd's Q1 FY27 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

Good growth
  • Production for FY27 expected around 380,000 tons, slightly lower than the earlier guidance of 400,000 tons due to transformer constraints at KNR-2.
  • Full production capacity expected by Q4 FY27, targeting approximately 120,000-125,000 tons per month, a 50% increase from Q1 volumes of 80,000 tons.
  • FY28 production guidance remains at 475,000 to 500,000 tons.
  • Incremental volume expected in Q2 FY27 with further ramp-up in subsequent quarters.
  • Domestic sales projected to increase, with Q1 domestic sales around 19% and a target to raise domestic sales to 40% of total volumes.

2 more points from Indian Metals & Ferro Alloys Ltd's call on revenue

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Profitability & Margins

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Capital Expenditure Plans

Capex planned
  • Indian Metals & Ferro Alloys Limited is investing in replacement of two sets of transformers plus a spare for KNR-2 furnaces due to reliability concerns, planned over Q2 or Q3.
  • Additional work is needed on the gas cleaning plant (GCP) at KNR-2 to comply with emission norms, restricting current load.
  • The Board has approved an incremental budget increase (~INR 15-20 crores) for environmental clearance and related work for a 50,000-ton furnace at KNR-2; expect clarity on operational timeline by mid-2027.

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Top-ranked in Ferrous Metals

Ranked on what management guided this quarter

Guidance-ranked
Rev 1Mar 1
2Jindal Steel
Rev 2Mar 3
3
Rev 2Mar 3
4
Rev 3Mar 2
5
Rev 3Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Indian Metals & Ferro Alloys Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

Relevant insights include: - The company is flexible in selling ferrochrome domestically and internationally based on market conditions, maintaining minimum base tonnages for long-term customers. - Domestic sales comprised around 19% in Q1, with potential to increase as capacity grows. - The company stresses a general upward volume trajectory rather than focusing on short-term quarterly order book details.

Indian Metals & Ferro Alloys Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Q1 FY27 figures are not in this chart yet. Latest shown: Mar 2026 (Q4 FY26). The Q1 FY27 numbers from the filing are in the analysis on this page.

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹763 Cr, net profit ₹103 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Others in Ferrous Metals this season

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    Revenue for FY 2025-26: ₹541.26 Cr, up from ₹172.18 Cr in FY 2024-25, indicating a growth of approximately 215% YoY (Page 16, 13). Key investor presentation tak

  • Vedanta Iron & Steel (Q1 FY27)

    ₹3,612 crore in Q1 FY27, up 18% YoY (Page 3, 26, 29) . Key concall takeaways from Vedanta Iron & Steel Ltd's Q1 FY27 earnings call — and how it ranks against…

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  • Tata Steel (Q1 FY27)

    Return on invested capital in India is strong at ~27%, indicating healthy profitability prospects. Key concall takeaways from Tata Steel Ltd's Q1 FY27 earnings…

🔎 Who's planning the most growth?

Companies ranked by management's own guidance — revenue, margins, capex and order book, from every earnings call in India.

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Frequently Asked Questions

What were Indian Metals & Ferro Alloys Ltd Q1 FY27 results?

Production for FY27 expected around 380,000 tons, slightly lower than the earlier guidance of 400,000 tons due to transformer constraints at KNR-2. Q1 FY27 marked a breakthrough quarter with highest-ever revenues and profitability.

What is Indian Metals & Ferro Alloys Ltd share price analysis?

Indian Metals & Ferro Alloys Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 12.1 with a market cap of ₹6,363 Cr. Investors should review the full earnings analysis for detailed insights.

Is Indian Metals & Ferro Alloys Ltd planning capital expenditure?

Indian Metals & Ferro Alloys Limited is investing in replacement of two sets of transformers plus a spare for KNR-2 furnaces due to reliability concerns, planned over Q2 or Q3.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.