Ashapura Minechem Limited — Updates, 14-02-2025: Press Release

Ashapura Minechem Ltd.'s recent board meeting revealed significant financial results for the third quarter and nine months ending December 31, 2024. On a consolidated basis, the company reported an Income from Operations of ₹865.43 crores and a Profit After Tax of ₹107.59 crores, reflecting an impressive increase of 43.26% in revenue and 152.41% in net profit compared to the previous quarter. Year-over-year, the revenue and profit after tax also showed strong growth of 21.36% and 98.54%, respectively.

The robust performance is largely attributed to the successful Bauxite export business in Guinea, which benefited from ongoing demand and high Aluminum prices amid supply interruptions. Additionally, all domestic business verticals achieved record outputs for the quarter, indicating a positive outlook that is expected to continue. The company plans to ramp up Iron Ore mining production from Q1 FY 2025 and has secured a long-term partnership with a Fortune 500 company, set to enhance Bauxite operations and logistical support starting in FY 2025-26. Investors should closely monitor these developments for potential growth opportunities.