Coal & Mining company Ashapura Minechem announced Q2FY26 results Income from Operations for Q2FY26 was Rs 952.50 crore Increased by 57.7% YoY. EBITDA: Rs 132.13 crore against Rs 65.23 crore during Q2FY25, change 102.6% YoY. Profit Before Tax stood at Rs 81.22. crore Increased by 128.3% YoY. Result PDF
Coal & Mining company Ashapura Minechem announced Q1FY26 results Income from Operations for Q1FY26 was Rs 1,355.57 crore, increased by 89.81%. EBIDTA: Rs 187.73 crore compared to Rs 90.79 crore during Q1FY25. Profit Before Tax stood at Rs 131.84 crore, a growth of 97.56 %. Result PDF
Coal & Mining company Ashapura Minechem announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Total Income: Rs 611.33 crore (up 38.3% YoY) PBT (before exceptional): Rs 84.32 crore (up 324.3% YoY) Exceptional Item: Nil (vs Rs 56.72 crore in Q4 FY24) PAT: Rs 78.55 crore (up 16.6% YoY) FY25 Financial Highlights: Total Income: Rs 2,813.82 crore (up 3.6%) PBT (before exceptional): Rs 304.47 crore (up 44.8%) Exceptional Item: Nil (vs Rs 98.43 crore in FY24) PAT: Rs 289.07 crore (up 2.6%) The Board has recommended a Dividend of 50% for FY 2024-25 subject to the approval of members at the ensuing Annual General Meeting. Result PDF
Coal & Mining company Ashapura Minechem announced Q3FY25 results Income from operations: Rs 865.43 crore compared to Rs 713.10 crore during Q3FY24. PBT: Rs 119.47 crore compared to Rs 62.15 crore during Q3FY24. PAT: Rs 107.59 crore compared to Rs 54.19 crore during Q3FY24. Result PDF
Mining company Ashapura Minechem announced Q2FY25 results Income from Operations for Q2FY25 was Rs. 60410 crore compared to Rs 554.07 crore during Q2FY24. Profit After Tax stood at Rs 42.63 crore compared to Rs 58.16 crore during Q2FY24. Profit Before Tax stood at Rs 35.57 crore compared to Rs 61.77 crore during Q2FY24. Result PDF
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
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
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