Indian Metals & Ferro Alloys Q4 net down 10% to Rs 22 crore

MUMBAI: Indian Metals and Ferro Alloys ( IMFA), one of the largest integrated producers of ferro alloys in the country, has reported 9.96 per cent decline in net profit at Rs 22.04 crore for the fourth quarter of FY12.

The company had posted a net profit of Rs 24.48 crore in January-March quarter of 2011, IMFA said in a filing to the BSE yesterday.

The company's total income from operations rose to Rs 318.49 crore in the quarter under review from Rs 285.68 crore in the same quarter last year.

For the year-ended March 31, 2012, IMFA's net profit declined to Rs 63.93 crore compared to Rs 165.44 crore in the year-ago period.

Total income increased to Rs 1,192.54 crore from Rs 1,068.04 crore in 2010-11.