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Ashapura Minechem Ltd Q2FY24; 867% 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 Q2FY24 of ₹554.00 Crores up from ₹198.00 Crore year on year, a rise of 179.8%.

Total Expenses for Q2FY24 of ₹555.00 Crores up from ₹224.00 Crores year on year, a rise of 147.77%.

Consolidated Net Profit of ₹58.00 Crores up 866.67% from ₹6.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹6.49, up 1,058.93% from ₹0.56 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.

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