Ashapura Minechem declares Q4FY22 result: As compared to the previous financial year, on a consolidated basis, the Company's revenues in FY 2021-22 increased by 14%, whereas the Profit After Tax for FY 2021- 22 was Rs. 80.71 crores versus a profit Rs. 88.01 crores in the previous financial year. Dividend: The Company has declared a Dividend of 25% out of retained earnings for FY 2021-22 in order to maintain a consistent Dividend policy. While the Company's performance throughout FY 2001-22 was impacted by the acute & persistent rise in the global freight bulks and container rates, the fourth quarter was particularly affected by: Logistical Bottlenecks in availability of ships, barges and ancillary equipment at viable rates along the companies supply routes. Muted demand on account of the Omicron wave in China since January 2022. China is a major market for the Company's minerals and products. Softening global prices in ores and minerals. Kaolin: The Company has emerged as the largest manufacturer of Kaolin and value added Kaolin products in India. Ashapura has leveraged its in-house expertise and decades of experience to become a preferred supplier of coating and filler solutions to paint, paper, fibre glass and ceramic companies in India and the middle-east. FY 2022-23, the Company looks forward to consolidating its dominance in the Indian white fillers market. Multiple Bauxite hubs in Guinea: The Company looks forward to augmenting its supplies from multiple Bauxite hubs in Guinea in FY 2022-23. The Company has also signed long-term supply contacts for the supply of Bauxite & Iron Ore with highly reputable companies to maintain sustainable long-term growth. Result PDF