AFR31032026
ASHAPURMIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ashapura Minechem reported strong FY2025-26 consolidated results with income from operations more than doubling to Rs 5,237.1 crore, up 91.2% YoY from Rs 2,738.9 crore. EBITDA grew 51.4% to Rs 673.6 crore and PBT rose 47.5% to Rs 449.1 crore. Net profit attributable to shareholders increased 35.7% to Rs 401.4 crore. Q4 alone saw 105% QoQ revenue growth to Rs 1,968.6 crore. Standalone net profit grew 83% to Rs 154.7 crore. An exceptional charge of Rs 4.56 crore (consolidated) was recognized due to the implementation of new Indian Labour Codes. EBITDA margins compressed from ~16.2% to ~12.9% despite absolute profit growth. The Board recommended a 100% dividend (Rs 2 per share) vs 50% prior year. Auditors issued an unmodified opinion.
Revenue growth of 91% is exceptional, driven by the Guinea mining business. However, margin compression signals cost or pricing pressures. Shareholders will benefit from doubled dividend. The exceptional labour code charge is non-recurring and shouldn't materially impact sentiment.