Ashapura Minechem Ltd's Q3FY25 Quarter Results
- 15 Feb 2025
Result Summary
- Ashapura Minechem Ltd reported a 45.3% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 22.3%.
- Its expenses for the quarter were up by 32.4% QoQ and 9.8% YoY.
- The net profit increased 152.4% QoQ and increased 98.5% YoY.
- The earnings per share (EPS) of Ashapura Minechem Ltd stood at 11.2 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 879.25 | 605.25 | 719.00 | 45.3% | 22.3% |
Total Expenses | 766.27 | 578.73 | 697.62 | 32.4% | 9.8% |
Profit Before Tax | 112.98 | 26.53 | 54.02 | 325.9% | 109.1% |
Tax | 11.88 | -7.05 | 7.97 | -268.5% | 49.1% |
Profit After Tax | 107.59 | 42.63 | 54.19 | 152.4% | 98.5% |
Earnings Per Share | 11.20 | 4.90 | 5.80 | 128.6% | 93.1% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Ashapura Minechem Ltd is a prominent player in the mining and minerals industry, primarily engaged in the extraction and processing of bauxite, kaolin, bentonite, and various other minerals. The company operates in the field of industrial minerals and chemicals, providing raw materials used in a range of industries such as plastics, paints, paper, and ceramics. As of the latest data available up to October 2023, Ashapura Minechem Ltd has been focusing on expanding its operations and increasing its production capacity to meet growing demands in both domestic and international markets. While specific recent major developments were not provided, the company's strategic initiatives typically revolve around enhancing its supply chain capabilities and exploring new markets for its products.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Ashapura Minechem Ltd reported a total income of ₹879.25 crores, reflecting a significant increase of 45.3% compared to the previous quarter (Q2FY25) where the total income was ₹605.25 crores. This quarter-over-quarter (QoQ) growth indicates a steady rise in the company's revenue stream. Additionally, when comparing the year-over-year (YoY) performance, there is a notable 22.3% increase from ₹719.00 crores in Q3FY24 to Q3FY25. This growth in revenue may be attributed to enhanced sales volumes, possibly driven by rising demand and strategic expansion efforts in key markets.
Profitability
For Q3FY25, Ashapura Minechem Ltd achieved a profit before tax of ₹112.98 crores, which represents a substantial QoQ rise of 325.9% from the previous quarter's figure of ₹26.53 crores. On a YoY basis, the profit before tax increased by 109.1% from ₹54.02 crores in Q3FY24. The profit after tax for Q3FY25 was ₹107.59 crores, marking a 152.4% increase from the previous quarter and a 98.5% rise compared to the same quarter in the previous fiscal year. These figures reflect a robust improvement in the company's profitability. The earnings per share (EPS) rose to ₹11.20 in Q3FY25, from ₹4.90 in Q2FY25 and ₹5.80 in Q3FY24, showing a notable QoQ growth of 128.6% and a YoY increase of 93.1%.
Operating Metrics
Total expenses for Ashapura Minechem Ltd in Q3FY25 were reported at ₹766.27 crores, showing an increase of 32.4% from ₹578.73 crores in Q2FY25. Compared to the same quarter the previous year (Q3FY24), there is an upward movement of 9.8% from ₹697.62 crores. The company's tax expense in Q3FY25 was ₹11.88 crores, contrasting with a tax credit of ₹7.05 crores in Q2FY25, and showing a YoY increase of 49.1% from ₹7.97 crores in Q3FY24. These figures indicate variations in the company's tax liabilities over the periods. The financial performance data provided does not include specific figures to calculate key financial ratios such as the P/E ratio, debt-to-equity ratio, or current ratio.
