The share price of the Indian Metals hiked around 4% intraday Tuesday as a company posted good numbers for the quarter ended Sept 2018. The net profit of the second quarter of the company rose around 190% at INR 21.5 Cr. against INR 7.4 Cr. in the same quarter in the last year.

The EBITDA or operating profit increased 12%at INR 47.3 Cr. while the margin was around 12%. At 03:57 PM, October 23, 2018, the share price was quoting at INR 273 up 1.85 or 0.68%.

About Indian Metals & Ferro Alloys:

Started back in 1961 in Odisha, Indian Metals & Ferro Alloys is known for its quality natural resources. IMFA is ISO 9001 Quality Management certified company and a cost-competitive producer of ferro alloys. The subsidiaries of the company are Utkal Coal Limited, Utkal Power Limited, Utkal Green Energy, Indmet (Mauritius) Ltd. and IMFA Alloys Finlease Limited.