Indian Metals and Ferro Alloys up on quarterly profit jump

Indian Metals And Ferro Alloys

02/11/2023 09:39

** Shares of Indian Metals and Ferro Alloys  IMFA.NS  up as
much as 4.35% at 449.9 rupees
    ** Ferro chrome producer's Sept-quarter profit rises more
than five-fold to 891.7 mln rupees ($10.72 mln)
    ** Total expenses fall ~10% to 5.81 bln rupees, while rev
from ops up 3% at 6.93 bln rupees 
    ** About 700,400 shares traded as of 3:02 p.m. IST, 2.6x the
30-day average 
    ** Shares last up 2.1%, they gained ~30% in Sept-qtr 

($1 = 83.2170 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))