Ashapura Minechem Limited reported a 44% year-on-year increase in consolidated net profit to ₹416.47 crore for the financial year ended March 31, 2026, driven by a significant surge in revenue from its mining operations. The company's board, which met on May 28, 2026, approved the audited financial results and recommended a final dividend of 100%, or ₹2 per equity share, subject to shareholder approval at the ensuing Annual General Meeting. This dividend recommendation marks an increase from the 50% final dividend paid in the previous financial year.

Revenue from operations for the full year rose 91.2% to ₹5,237.13 crore from ₹2,738.93 crore in the previous year. For the quarter ended March 31, 2026, consolidated net profit stood at ₹120.64 crore compared to ₹78.55 crore in the same period last year, while Q4 revenue came in at ₹1,968.63 crore versus ₹555.24 crore year-on-year. The company recognized exceptional items of ₹1.77 crore in standalone results and ₹4.56 crore in consolidated results, attributed to the incremental impact of new labour codes implemented by the Government of India effective November 21, 2025.

Financial Performance

The strong top-line growth was led by the company's Guinea business, which handles mining and exports of bauxite and iron ore. This segment reported a turnover of ₹4,239 crore for the full year, contributing significantly to the overall performance. However, margins in the quarter were impacted by rising fuel costs and ocean freight due to geopolitical unrest, with Q4 EBITDA margin contracting to 6.54% from 15.23% year-on-year. In contrast, the company's India businesses witnessed a moderation in profitability during the quarter due to increased input costs and changes in sales mix.

The table below summarises the key consolidated annual financial metrics:

The following table captures the key Q4 consolidated performance metrics on a year-on-year basis:

Segment and Operational Details

The company operates primarily in the minerals segment, with business lines divided into Guinea operations and various verticals in India including Bentonite & Allied Minerals, White Performance Materials, and Specialty Adsorbent Solutions. The Guinea division reported a sharp growth in volumes, with exports reaching 3.16 million metric tonnes (MMT) in Q4 FY26 compared to 1.39 MMT in the preceding quarter.

The statutory auditors, M/s. P A R K & Co., issued an unmodified opinion on the standalone and consolidated financial results. The auditors noted that the results for the quarter ended March 31, 2026, represent the balancing figures between the audited annual figures and the unaudited year-to-date figures published up to the third quarter.

Ashapura Minechem Limited has announced that its Board of Directors will meet on Thursday, May 28, 2026. The meeting has been convened in accordance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice regarding this meeting was published in newspapers on May 21, 2026.

Agenda for the Meeting

The primary agenda for the board meeting is to consider and take on record the Audited Standalone and Consolidated Financial Results of the company for the quarter and year ended March 31, 2026. The board will also discuss matters incidental to the financial results.

Furthermore, the board may consider the recommendation of a dividend, if any, at the ensuing meeting. This decision will be subject to the outcome of the board's deliberations.

Key Details