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Jainam Ferro Alloys (I) Limited (NSE: JAINAM) has posted a magnanimous set of financial results for the half year ended on 30th September 2021.The Company has reported a multifold jump of 1394% in PAT in the first half of FY22 to Rs 1508.76 lakhs, compared to Rs 100.99 lakhs in the corresponding period previous year. On a sequential basis, net profit surged over 604% from Rs 214.34 lakhs in H2FY21 period.Raipur (Chhattisgarh) based Jainam Ferro Alloys (I) Limited is one of India's leading providers of Ferro Alloy products, such as Ferro Manganese and Silico Manganese.The Company has sub-merged arc furnaces which is the basic infrastructure for a Ferro Alloy Industry. The company has a superior client base which includes blue chip Companies such as JSW Steel, Tata Steel, Steel Authority of India Ltd. (SAIL) and Jindal Steel and Power among others.The total income of the ferro alloy producer rose 151 percent on YoY basis to Rs. 9,050.72 lakhs in H1FY22, compared to Rs. 3,607.03 lakhs in H1FY21. On a sequential basis, the total income jumped about 36.2 percent from Rs. 6,644.70 lakhs in H2FY21.The EBITDA of the company rallied more than 892% to Rs. 2,104.24 lakhs in H1FY22 from Rs. 212.17 lakhs in the same period previous year. On a sequential basis, the EBITDA jumped about 400% from Rs. 420.51 lakhs in H2FY21The basic and diluted earnings per share (EPS) of the company jumped manifold, as much as 15 times to Rs 16.29 per share from Rs 1.09 in H1FY21. Sequentially, it jumped more than five times from Rs 2.31 per share.Jainam Ferro Alloys (I) Limited reported a net profit of Rs. 315.33 lakhs in the financial year ended on March 31, 2021 with an total income of Rs. 10,251.733 lakhs.Commenting on the financial performance, Archit Parakh, Chairman & Managing Director of Jainam Ferro Alloys (I) Limited said, "The earnings in the first half has been highly enthusiastic, which has boosted our morale. The company management is committed to deliver growth oriented performance on every parameter by following top notch standards. The demand for metals and minerals has been rising across the globe. The super bull run in commodities and high global requirement of such products will aid the growth in coming months. Our focus is to continue the ongoing momentum and increase the value for our shareholders."The Company came up with its IPO on NSE Emerge platform in October 2021 with an Issue Price of Rs. 70 per equity share.The stock of the Company is currently trading at Rs. 95.85 per share, delivering a return of over 37% to the shareholders, who invested in its IPO.This story is provided by PRNewswire.will not be responsible in any way for the content of this article. (ANI/PRNewswire)( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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Jainam Ferro Alloys (I) Limited (NSE: JAINAM) has posted a magnanimous set of financial results for the half year ended on 30th September 2021. ...