Indian Metals & Ferro Alloys declares ₹5 interim dividend

Indian Metals & Ferro Alloys (NSE: IMFA) approved a ₹25 crore investment in its wholly owned subsidiary and declared an interim dividend of ₹5 per share, it said in a filing on 04 Nov 2026. Standalone profit after tax was ₹148.77 crore for the quarter ended 30 Sep 2026, against ₹98.77 crore for the same quarter a year earlier.

Key highlights

• Standalone revenue from operations: ₹968.17 crore (quarter ended 30 Sep 2026)
• Standalone profit after tax: ₹148.77 crore (quarter); ₹340.26 crore (half year)
• Interim dividend: ₹5 per share, record date 12 Nov 2026
• Subsidiary investment: ₹25 crore in Metallix Aviation Private Limited
• Installed ferro chrome capacity after Kalinganagar: 534,000 tonnes a year

The subsidiary investment in numbers

Standalone results for the quarter and half year

The Board approved unaudited standalone and consolidated results for the quarter and half year ended 30 Sep 2026, with a limited review report from Walker Chandiok & Co LLP. Standalone revenue from operations was ₹968.17 crore for the quarter, against ₹718.65 crore a year earlier and ₹960.45 crore for the quarter ended 30 Jun 2026.

Standalone profit after tax was ₹148.77 crore for the quarter and ₹340.26 crore for the half year, against ₹98.77 crore and ₹190.25 crore a year earlier. The press release gives EBITDA of ₹235.04 crore for the quarter, against ₹138.34 crore, and ₹516.31 crore for the half year, against ₹263.81 crore. The company says performance "was supported by higher volumes on account of increased capacity".

Kalinganagar capacity, capex and the ethanol plant

The company says its Kalinganagar greenfield project was inaugurated on 14 Oct 2026, taking total installed ferro chrome capacity to 534,000 tonnes a year. The first furnace is operational, commissioning of the second has commenced, and hot metal tapping is expected soon. Ferro chrome production was 86,652 tonnes in the quarter.

The Board approved ₹375 crore of capex for increasing chrome ore raising and Low Carbon Ferro Chrome production. The investor presentation also cites a ₹1,000 crore investment to scale up mining operations, with approvals for 1.2 Mn TPA of ore capacity.

According to the investor presentation, the 120 KLD ethanol facility at Therubali has its trial run scheduled from mid Nov 2026, with integrated commissioning expected in Jan 2027.

What the dividend and subsidiary investment mean for IMFA's shareholders

The interim dividend of ₹5 per share is 50.0% of the ₹10 face value. Shareholders on the register on 12 Nov 2026 are entitled to it, and it is to be paid on or before 03 Dec 2026. The ₹25 crore subscription keeps the Company at 100% of its wholly owned subsidiary, which the company says will let that subsidiary acquire the Company's aviation assets.

The filing does not say when the subscription will complete, what the subsidiary will earn, or how the ₹375 crore capex will affect results. The timeline for completing the subscription is printed as NA.