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Ashapura Minechem Ltd Q1FY24; 191% rise in Profits

Incorporated on 19th February 1982, Ashapura Minechem Ltd. is engaged in the mining, manufacturing and trading of various minerals and its derivative products. The company offers multi-mineral solutions across several industries from soaps to steel, energy to edible oils, metal to medicine and cement to ceramics. The company has its network of operations pan-India and in 7 other countries.

Financial Results:

Ashapura Minechem Ltd reported Revenues for Q1FY24 of ₹1,018.00 Crores up from ₹402.00 Crore year on year, a rise of 153.23%.

Total Expenses for Q1FY24 of ₹946.00 Crores up from ₹381.00 Crores year on year, a rise of 148.29%.

Consolidated Net Profit of ₹102.00 Crores up 191.43% from ₹35.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹11.24, up 162.00% from ₹4.29 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Mining
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