India-based Metal and Ferro Alloys Limited (IMFA) has reported a net profit of INR 1.07 billion ($12.99 million) in the third quarter (October-December) of the fiscal year 2023-24, up ten-fold year on year, a company statement said on Wednesday, January 31.
The company has reported total revenue of INR 6.85 billion ($82.56 million) during the quarter, up nine percent year on year.
The company’s net profit during the first nine months (April-December) of the fiscal year 2023-24 was reported at INR 307 billion ($37.08 million), up 89 percent year on year.