Indian Metals & Ferro Alloys Ltd
Indian Metals & Ferro Alloys Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #3 of 9 in Ferrous Metals
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The short version
Production volume is expected to increase from about 260,000 tonnes currently to approximately 400,000 tonnes in FY '27. Production volume is expected to rise from ~260,000 tonnes in FY '26 to approximately 400,000 tonnes in FY '27 and further to 475,000-500,000 tonnes in FY '28, driven by acquisition and new greenfield unit commissioning.
From Indian Metals & Ferro Alloys Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Production volume is expected to increase from about 260,000 tonnes currently to approximately 400,000 tonnes in FY '27.
- Further volume growth projected in FY '28 to reach between 475,000 to 500,000 tonnes.
- The commissioning of the greenfield project and the Tata Steel Kalinganagar acquisition will start contributing meaningfully to revenue from Q1 FY '27.
- The company aims to shift the export-to-domestic sales ratio from over 90% exports currently to about 60-40 (export-domestic) over the next two years.
- Ore raising from captive mines is projected to increase to 1 million tonnes in FY '27 to meet expanded smelting capacity.
2 more points from Indian Metals & Ferro Alloys Ltd's call on revenue
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Profitability & Margins
See what Indian Metals & Ferro Alloys Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Kalinganagar greenfield project with total capex of around INR 800 crores, expected to be spent by mid FY '27.
- Ethanol project with a capex of INR 150 crores, major spending done in the current year, residual in next year.
- Underground chromite mining project with total planned capex of INR 1,000 crores over 4-5 years; INR 780 crores already ordered.
- Acquisition of Tata Steel’s Kalinganagar 2 plant with an asset transfer cost estimated at INR 700 crores including GST.
- Capex outlay for FY '27 is approximately INR 600 crores majorly including infrastructure and mine development.
2 more points from Indian Metals & Ferro Alloys Ltd's call on capex
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Top-ranked in Ferrous Metals
Ranked on what management guided this quarter
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
- Indian Metals & Ferro Alloys Limited (IMFA) primarily operates on long-term contractual commitments rather than spot sales.
- Offtake is not an issue due to these long-term commitments, ensuring steady demand and supply alignment.
- The company focuses on fulfilling contractual obligations first, prioritizing credibility and reliability as a supplier.
- There is flexibility to sell domestically or internationally based on market conditions.
- IMFA aims to shift the export-domestic sales mix from about 90-10 currently to approximately 60-40 over the next two years.
2 more points from Indian Metals & Ferro Alloys Ltd's call on order book
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Indian Metals & Ferro Alloys Ltd — Quarterly revenue & net profit
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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What Indian Metals's management said in earlier quarters
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Potential multibaggers · Q2 FY27
Potential multibaggers in Ferrous Metals
on management's own guidance
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Indian Metals & Ferro Alloys Ltd Q3 FY26 results?
Production volume is expected to increase from about 260,000 tonnes currently to approximately 400,000 tonnes in FY '27. Production volume is expected to rise from ~260,000 tonnes in FY '26 to approximately 400,000 tonnes in FY '27 and further to 475,000-500,000 tonnes in FY '28, driven by acquisition and new greenfield unit commissioning.
What is Indian Metals & Ferro Alloys Ltd share price analysis?
Indian Metals & Ferro Alloys Ltd currently shows a neutral. The stock trades at a P/E of 15.3 with a market cap of ₹8,039 Cr. Investors should review the full earnings analysis for detailed insights.
Is Indian Metals & Ferro Alloys Ltd planning capital expenditure?
Kalinganagar greenfield project with total capex of around INR 800 crores, expected to be spent by mid FY '27.
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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.