Mining company Ashapura Minechem announced Q3FY24 & 9MFY24 results: Q3FY24 Financial Highlights The company reported a total income of Rs 719 crore compared to Rs 555.06 crore in Q3FY23. Profit before tax stood at Rs 54.02 crore. The profit after tax increased by 86.67% to Rs 54.19 crore from Rs 29.03 crore in Q3FY23. 9MFY24 Financial Highlights For 9MFY24, total income rose significantly by 95.59% to Rs 2,344.95 crore from Rs 1,198.89 crore during 9MFY23. PBT increased to Rs 187.96 crore compared to Rs 79.50 crore in 9MFY23. PAT for 9MFY24 saw a 206.41% surge to Rs 214.33 crore from Rs 69.94 crore in 9MFY23. Business Updates The company faced disruptions in bauxite exports due to countrywide fuel availability issues following an explosion in Guinea's main oil tanker terminal. Apart from the bauxite export issues, other business verticals such as Bentonite, Bleaching Clay, Kolin, and Advanced Ceramic Materials performed well. An extraordinary gain of Rs 55.77 crore will be recorded in Q4FY24 due to a One Time Settlement with Global Value Investments Pte Ltd. This stems from settling a liability of Rs 165.77 crore with a payment of Rs 110 crore. Result PDF