Ashapura Minechem issued a correction to its Q1 FY 2025-26 results, showing significant growth. Income from operations rose 89.81% to Rs. 1,355.57 crores, EBIDTA increased 106.77% to Rs. 187.73 crores, and Profit Before Tax grew 102.50% to Rs. 131.84 crores. The company reported record bauxite exports of 2.05 MMT from Guinea operations. All business verticals in India saw growth in volume and revenue. The company plans to enhance investor communication with periodic updates and an upcoming investor call.
09Jul 25
Ashapura Minechem Settles Tax Dispute, Reclaims ₹259.20 Crore in Losses
Ashapura Minechem has successfully settled a tax dispute with authorities, resulting in the restoration of ₹259.20 crore in previously disallowed losses. This resolution is expected to positively impact the company's financial position, potentially leading to improved financial statements and future tax benefits. The settlement demonstrates the company's effective management of complex financial matters and commitment to resolving outstanding issues.
Ashapura Minechem, a key player in the mining and minerals industry, has successfully resolved a longstanding tax dispute, resulting in a significant financial recovery of ₹259.20 crore. This resolution is expected to positively impact the company's financial position, potentially strengthening its balance sheet and improving overall financial health. The recovered funds could be used for debt reduction, operational improvements, business expansion, or enhancing shareholder value. This development may set a precedent for other companies in the sector facing similar challenges.
Ashapura Minechem Ltd. announced impressive Q4 financial results, with revenue increasing 28.41% to ₹565.00 crore. EBITDA rose 74.59% to ₹84.50 crore, and net profit grew 26.28% to ₹86.50 crore year-over-year. The company's EBITDA margin improved to 14.96%. A dividend of ₹1.00 per share was declared. However, net profit decreased quarter-on-quarter from ₹105.00 crore in Q3 to ₹86.50 crore in Q4. The company's financial data shows a consistent upward trend throughout the fiscal year, with Q4 FY2024 being particularly strong.