IMFA2023-07-012023-09-30 IMFA2023-07-012023-09-30 IMFA2023-07-012023-09-30in-bse-fin:OneOperatingExpenses01Member IMFA2023-07-012023-09-30in-bse-fin:FourOperatingExpenses01Member IMFA2023-09-30 IMFA2023-07-012023-09-30in-bse-fin:OneReportableSegmentRevenue01Member IMFA2023-07-012023-09-30in-bse-fin:OneReportableSegmentRevenue02Member IMFA2023-07-012023-09-30in-bse-fin:OneReportableSegmentRevenue03Member IMFA2023-07-012023-09-30in-bse-fin:OneReportableSegmentRevenue04Member IMFA2023-07-012023-09-30in-bse-fin:FourReportableSegmentRevenue01Member IMFA2023-07-012023-09-30in-bse-fin:FourReportableSegmentRevenue02Member IMFA2023-07-012023-09-30in-bse-fin:FourReportableSegmentRevenue03Member IMFA2023-07-012023-09-30in-bse-fin:FourReportableSegmentRevenue04Member IMFA2023-07-012023-09-30in-bse-fin:OneReportableSegmentResults01Member IMFA2023-07-012023-09-30in-bse-fin:OneReportableSegmentResults02Member IMFA2023-07-012023-09-30in-bse-fin:OneReportableSegmentResults03Member IMFA2023-07-012023-09-30in-bse-fin:OneReportableSegmentResults04Member IMFA2023-07-012023-09-30in-bse-fin:FourReportableSegmentResults01Member IMFA2023-07-012023-09-30in-bse-fin:FourReportableSegmentResults02Member IMFA2023-07-012023-09-30in-bse-fin:FourReportableSegmentResults03Member IMFA2023-07-012023-09-30in-bse-fin:FourReportableSegmentResults04Member IMFA2023-07-012023-09-30in-bse-fin:OneReportableSegmentAssets01Member IMFA2023-07-012023-09-30in-bse-fin:OneReportableSegmentAssets02Member IMFA2023-07-012023-09-30in-bse-fin:OneReportableSegmentAssets03Member IMFA2023-07-012023-09-30in-bse-fin:OneReportableSegmentAssets04Member IMFA2023-07-012023-09-30in-bse-fin:OneReportableSegmentLiabilities01Member IMFA2023-09-30in-bse-fin:OneReportableSegmentLiabilities01Member IMFA2023-07-012023-09-30in-bse-fin:OneReportableSegmentLiabilities02Member IMFA2023-09-30in-bse-fin:OneReportableSegmentLiabilities02Member IMFA2023-07-012023-09-30in-bse-fin:OneReportableSegmentLiabilities03Member IMFA2023-09-30in-bse-fin:OneReportableSegmentLiabilities03Member IMFA2023-07-012023-09-30in-bse-fin:OneReportableSegmentLiabilities04Member IMFA2023-09-30in-bse-fin:OneReportableSegmentLiabilities04Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 533047 IMFA NOTLISTED Indian Metals & Ferro Alloys Limited Equity 2023-04-01 2024-03-31 2024-11-02 2023-10-25 INR Crores Half yearly 11:48:00 13:26:00 2024-11-02 2024-11-02 true Cash Flow Indirect Not applicable Multi segment 2023-07-01 2023-09-30 Unaudited Consolidated 6926100000.00 116400000.00 7042500000.00 3640800000.00 0.00 54000000.00 505900000.00 130300000.00 256800000.00 1223200000.00 5811000000.00 1231500000.00 0.00 1231500000.00 365300000.00 -27200000.00 338100000.00 0.00 893400000.00 0.00 0.00 0.00 0.00 893400000.00 10900000.00 904300000.00 891700000.00 1700000.00 902600000.00 1700000.00 539600000.00 10 16.53 16.53 0.00 0.00 16.53 16.53 0.00 0.00 0.00 (1) The above consolidated financial results have been reviewed and recommended by the Audit Committee and subsequently approved by the Board of Directors of the Parent Company at their meetings held on 2nd November, 2023. (2) The consolidated financial results include the results of the Parent Company and four subsidiaries. The Parent Company together with its subsidiaries is herein referred to as the Group. (3) Based on the management approach as defined in Ind AS 108 - Operating Segments, the Chief Operating Decision Maker evaluates the Group's performance and allocates resources based on an analysis of various performance indicators by business segments. Accordingly, information has been presented along these business segments viz. Ferro Alloys , Power and Mining . The accounting principles used in the preparation of these consolidated financial results are consistently applied to record revenue and expenditure in individual segments (refer PART II). (4) Application for striking off of PT Sumber Rahayu Indah (‘SRI’), a subsidiary of Indmet Mining Pte Ltd (‘Indmet’, a wholly owned subsidiary of the Parent Company incorporated in Singapore) has been approved vide document number: AHU-AH.01.03-00365 dated 10th July 2023 by Ministry of Law and Human Rights of the Republic of Indonesia and the liquidation process of SRI has been completed vide notification letter from Public Notary on 25th October, 2023. (5) The Parent Company holds 79.2% equity in Utkal Coal Ltd (UCL), an SPV which was allotted the Utkal 'C' coal block that was subsequently cancelled by virtue of an Order of the Hon'ble Supreme Court and the same has been reallocated to a Public Limited Company. UCL has received the compensation of Rs. 20.69 crore towards reimbursement of statutory expenses from Ministry of Coal on 14.12.2022. The Nominated Authority, Ministry of Coal, Government of India vide its Provisional Compensation Order dated 22nd September 2023, has determined the Valuation of compensation towards Lease hold & Freehold Land at Rs. 416.71 Crore payable to UCL. Hence, UCL is hopeful of receiving balance compensation amount, pending which no accounting adjustments have been made in its books of accounts. Therefore, no provision is considered necessary against the Parent Company's net exposure in UCL as at 30th September, 2023 amounting to Rs. 111.42 Crore equity and Rs. 242.76 Crore unsecured loan. (6) In view of the circumstances detailed above in Note 5 and considering the probability that the Parent Company will collect the consideration to which it is entitled to, with effect from 1st October, 2014 the Parent Company has postponed recognition of income from interest on unsecured loan given to UCL. The interest income would be considered as revenue in the year of settlement of compensation. (7) The Board of Directors of the Parent Company at its meeting held on 2nd November, 2023 approved a Scheme of Amalgamation ( The Scheme ) for the merger of UCL into the Parent Company under section 230 to 232 and other applicable provisions of the Companies Act, 2013. The scheme is subject to necessary regulatory approvals and will be effective from the appointed date (i.e the Effective date ). However, no adjustment has been made in the books of accounts for the same. (8) Exceptional Items for the quarter ended 31st March, 2023 and the year ended 31st March, 2023 consist of: i) Interest on electricity duty paid under One-Time Settlement Scheme with Department of Energy, Government of Odisha:- Rs 52.11 crores (ii) Income received against an out of court settlement in a long pending arbitration matter:- Rs (36.41) crores (9) The Board of Directors of the Company has declared interim dividend of Rs.7.50/- per share (face value of Rs.10/- each) for the financial year 2023-24 in its meeting held on 2nd November, 2023. Multi segment 2023-04-01 2023-09-30 Unaudited Consolidated 13943400000.00 215200000.00 14158600000.00 7378300000.00 0.00 -27700000.00 1024100000.00 213200000.00 507000000.00 2337800000.00 11432700000.00 2725900000.00 0.00 2725900000.00 751100000.00 -23800000.00 727300000.00 0.00 1998600000.00 0.00 0.00 0.00 0.00 1998600000.00 9400000.00 2008000000.00 1995600000.00 3000000.00 2005000000.00 3000000.00 539600000.00 10 36.99 36.99 0.00 0.00 36.99 36.99 0.00 0.00 0.00 Other expenses 1223200000.00 Other expenses 2337800000.00 302400000.00 9214500000.00 834700000.00 225000000.00 205000000.00 0.00 69000000.00 0.00 0.00 3200000.00 0.00 0.00 130700000.00 133900000.00 0.00 617500000.00 11299600000.00 6575500000.00 3148100000.00 1143500000.00 317500000.00 440700000.00 0.00 22500000.00 5072300000.00 0.00 4999300000.00 16647100000.00 1600000.00 0.00 27948300000.00 539600000.00 19924400000.00 20464000000.00 20766400000.00 36900000.00 153700000.00 190600000.00 156100000.00 431100000.00 0.00 0.00 777800000.00 3530900000.00 1593300000.00 1046000000.00 6170200000.00 159800000.00 68300000.00 5800000.00 0.00 6404100000.00 0.00 0.00 7181900000.00 27948300000.00 Ferro Alloys 6829100000.00 Mining 856000000.00 Others 4700000.00 Power 1274700000.00 Ferro Alloys 13747100000.00 Mining 2024000000.00 Others 8600000.00 Power 2522200000.00 8964500000.00 18301900000.00 2130800000.00 4546500000.00 6833700000.00 13755400000.00 Ferro Alloys 1451900000.00 Mining -15500000.00 Others -4600000.00 Power -12100000.00 Ferro Alloys 3005000000.00 Mining -19500000.00 Others -7600000.00 Power -24800000.00 1419700000.00 2953100000.00 130300000.00 213200000.00 57900000.00 14000000.00 1231500000.00 2725900000.00 Ferro Alloys 10912500000.00 Mining 4861700000.00 Others 285700000.00 Power 6415900000.00 22475800000.00 5472500000.00 27948300000.00 Ferro Alloys 1558000000.00 Mining 562800000.00 Others 10600000.00 Power 514100000.00 2645500000.00 806400000.00 3451900000.00 213100000.00 -100800000.00 -889700000.00 0.00 0.00 0.00 0.00 0.00 0.00 -561100000.00 0.00 0.00 0.00 507000000.00 2400000.00 0.00 0.00 0.00 0.00 21800000.00 0.00 26100000.00 0.00 -37000000.00 0.00 0.00 -81100000.00 -60100000.00 0.00 -1011600000.00 1714300000.00 0.00 0.00 0.00 529400000.00 0.00 1184900000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1100000.00 471700000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 26100000.00 0.00 -338800000.00 0.00 -783300000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 347600000.00 17000000.00 0.00 10200000.00 273700000.00 211400000.00 0.00 0.00 -164700000.00 236900000.00 0.00 236900000.00 80600000.00 317500000.00 14500000.00 12500000.00 3600000.00 3100000.00 0.00 0.00