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Ashapura Minechem Ltd. Q4FY24 & FY24 Annual Results

Writer's picture: CA Vishnu AgarwalCA Vishnu Agarwal

Ashapura Minechem Ltd., a mining company specializing in Bentonite, Kaolin, and Bauxite, released its financial results for the fourth quarter of FY24 (Q4FY24) and the full fiscal year 2024 (FY24).


Q4FY24 Financial Highlights (Consolidated):


  • Profit After Tax (PAT): Increased by 69.31% to ₹67.37 crore compared to Q4FY23.

FY24 Financial Highlights (Consolidated):

  • Revenue: Increased by 41.66% compared to FY23.

  • Profit After Tax (PAT): Increased by 156.72% to ₹281.70 crore compared to FY23.

  • Bauxite Sales: Scaled up significantly in FY24 despite challenges in Guinea.

  • Other Business Segments: Bentonite, Kaolin, and Bleaching Clay performed well, contributing to higher revenues and profits.

  • Dividend: No dividend declared for FY24 due to insufficient accumulated reserves, but the company expressed its desire to reward shareholders in the forthcoming quarters.

  • New Port in Guinea: Completed construction of a new port in Boffa, Guinea, which is expected to significantly enhance Bauxite export volumes in FY25.


Key Takeaways:

  • Strong financial performance in FY24, with significant growth in revenue and PAT.

  • Bauxite sales from Guinea played a crucial role in driving revenue growth, despite challenges.

  • Other business segments also performed well, contributing to the overall positive results.

  • The company is optimistic about future growth prospects, particularly with the new port in Guinea operational.


For more detailed analysis and information, you can refer to the following resources:


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