Mining company Ashapura Minechem announced Q1FY24 results: As compared to Q1FY23, on a consolidated basis, the Company's revenues in Q1FY24 increased by 151%, whereas the Profit After Tax for Q1FY23 increased by 190%. Profit Before Tax of Rs 108.16 crore in Q1FY24 ccompared to Rs 42.13 crore in Q1FY23 Profit After Tax of Rs 101.98 crore in Q1FY24 ccompared to Rs 35.16 crore in Q1FY23 All business verticals of the Company, including the Bauxite export business from Guinea have largely performed well resulting in higher revenues and profits for the Company on a consolidated basis. Guinea is strengthening its position in the global Bauxite export market on account of increasing demand for Aluminium and the reduction of Bauxite exports from Southeast Asia. The Company is expecting a similar performance for the rest of the year except for Q2FY24, which is likely to be affected on account of the rainy season in Guinea and in India. The Company is planning to open two new Bauxite mining blocks soon after the rainy season to increase Bauxite export volumes from Guinea to cater to the growing global Bauxite demand. Result PDF