New Delhi, Nov 7 (Reporter) Indian Metals & Ferro Alloys Ltd. (IMFA), a fully integrated producer of value-added ferro chrome, on Thursday said its profit after tax (PAT) has grown nearly 48 percent year over year to Rs 132.73 crore in the Q2 ended September 30, 2024, versus Rs 89.96 crore in the same quarter of fiscal 2023-24. Revenues from operations remained flat at Rs 691.92 crore in the second quarter of fiscal 2024-25 as against Rs 692.61 crore in the same quarter of last financial year, the company said in a release after considering financial performance for the second quarter. Commenting on the results, Subhrakant Panda, Managing Director, said that “higher output, continued focus on operating efficiency, and stable input costs and selling prices have led to improved margins in the second quarter results. “On the global front, demand for stainless steel has marginally dropped largely due to economic uncertainty. However, the long-awaited stimulus measures announced in China coupled with the recent uptick in PMI are positive signs for the metals sector in general,” he added. Panda said, “Domestic ferro chrome prices have softened recently, making it unviable for non-integrated producers. In this context, access to captive ore and a debt-free balance sheet give us confidence, and we are focused on leveraging it to register superior performance...////...