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

Ashapura Minechem Ltd. reported solid financial results for Q3 FY 2024-25. Income from operations increased by 43.26% sequentially to ₹865.43 crore, significantly boosted by strong performance in its Bauxite export business from Guinea. This demand surge followed supply disruptions and rising aluminium prices, with Guinea now accounting for over 70% of global Bauxite exports.

Profit After Tax for the quarter reached ₹107.59 crore, up 152.41% from Q2 FY 2024-25 and 98.54% year-on-year. All business segments in India achieved record volumes and revenues, a trend expected to persist in the coming quarters. Additionally, the company plans to ramp up Iron Ore mining production starting Q1 FY 2025.

Strategically, Ashapura has secured a long-term partnership with a Global Fortune 500 company to develop a Bauxite mining block, providing comprehensive logistical support. This initiative is projected to commence in Q3 FY 2025-26, enhancing the company's growth trajectory. Overall, maintain a positive outlook for potential growth opportunities.