Ashapura Minechem Limited
Incorporated on 19th February 1982, Ashapura Minechem Ltd. is engaged in the mining, manufacturing and trading of various minerals and its derivative products. The company offers multi-mineral solutions across several industries from soaps to steel, energy to edible oils, metal to medicine and cement to ceramics. The company has its network of operations pan-India and in 7 other countries.
What Ashapura files
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- Investor Meet19
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- Board Meeting11
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- Insider Trade5
Ashapura Minechem's Q1 results show Income from Operations up 19.2% to ₹1616.1 Cr, while PBT marginally fell 1.4% to ₹130 Cr. Operational highlights include increased Guinea Bauxite export volumes, expanded Boffa Port capacity (8Mio MT), and a new washing plant. Margin impact from geopolitical tensions is temporary.
Ashapura Minechem delivered robust results. Quarterly Income from Operations soared 105% to Rs 1,968.6 Cr. Annual Income rose 91.2% to Rs 5,237.1 Cr. Board declared 100% dividend. Guinea volumes surged, offsetting margin pressures, while India business profitability moderated due to costs.
Ashapura Minechem's Q3 PBT rose 10% QoQ to Rs 89.31 Cr; 9M PBT surged 37.3% YoY to Rs 302.27 Cr. Guinea operations boosted profits via efficiency and pricing. India businesses saw moderated profitability due to higher input costs. An exceptional charge of Rs 4.56 Cr was recognized.
Ashapura Minechem reported robust Q2/H1 results with strong growth in Income from Operations and PBT. A significant tax litigation of ₹259.20 Cr was settled, recognizing ₹34.62 Cr deferred tax assets. Guinea operations maintained EBITDA despite monsoon volume drops, while India businesses performed well.
Ashapura Minechem's overseas subsidiary inked a strategic agreement with China Railway to jointly develop its Boffa bauxite deposit in Guinea. China Railway will support mining, logistics, and port infrastructure. This collaboration aims to boost production capabilities and drive economic growth.