Mining company Ashapura Minechem announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: As compared to Q4FY23, on a consolidated basis, the Profit After Tax for Q4FY24 increased by 69.31% to Rs 67.37 crore. FY24 Financial Highlights: As compared to FY23, on a consolidated basis, the Company’s revenues in FY24 increased by 41.66% whereas the Profit After Tax for FY24 increased by 156.72% to Rs 281.70 crore. The Company has scaled up its Bauxite sales from Guinea in FY24 by overcoming several challenges faced by exporters from Guinea such as explosion in the country’s main tanker terminal and streamlining of new norms by the Government of Guinea for exports. All other business segments of the Company including Bentonite, Kaolin and Bleaching Clay have performed well resulting in higher revenues and profits for FY24. The Company has completed the construction of its new port in Boffa in Guinea and expects to significantly enhance its Bauxite export volumes in FY25. The accumulated reserves of Ashapura Minechem Ltd. on a stand-alone basis are unable to accommodate the declaration of dividend under the prevalent guidelines for FY24. However, the Company is mindful of its desire to reward its shareholders in the forthcoming quarters. Result PDF