Ashapura Minechem Reports Q4 FY2025-26 Results; Consolidated Income from Operations Increased 91.2% Year-on-Year

Ashapura Minechem Reports Q4 FY2025-26 Results; Consolidated Income from Operations Increased 91.2% Year-on-Year​

Mumbai, May 28, 2026 – Ashapura Minechem Limited, a multi-mineral group providing solutions across various industries, announced its financial results for the quarter and year ended March 31, 2026. The company reported significant growth, with consolidated Income from Operations increasing by 91.2% for the fiscal year 2025-26 compared to the previous year.

On a quarterly basis, the consolidated results for Q4 FY 2025-26 saw Income from Operations stand at Rs. 1,968.6 crores. Profit Before Tax and Exceptional Items for the quarter were Rs 146.8 crores. Compared to Q3 FY 2025-26, consolidated Income from Operations increased by 105.0%, and Profit Before Tax and Exceptional Items increased by 64.3%.

Fiscal Year Highlights​

For the full year ended March 31, 2026, the consolidated Income from Operations was Rs 5,237.1 crores. This represents a 91.2% increase compared to Rs 2,738.9 crores reported in FY 2024-25. Profit Before Tax and Exceptional Items for the year reached Rs 449.1 crores, marking a 47.5% increase year-on-year.


The Board of Directors recommended a 100% Final Dividend for FY 2025-26, compared to the 50% final dividend paid for the previous FY 2024-25.

Business Segment Performance Overview​

Ashapura Minechem Limited's operations are understood through various business verticals, categorized into the Guinea business and the India business.

Guinea Business (Division a):
The Company’s Guinea businesses, which involve mining and exports of Bauxite and Iron Ore, demonstrated sharp volume growth in Q4 FY 2025-26. Volumes of Bauxite exports from Guinea reached 3.16 Million Metric Tonnes (MMT), up from 1.39 MMT in Q3 FY 2025-26, resulting in over 100% top-line growth in Q4. However, margins were impacted during the quarter, mainly due to rising fuel costs and ocean freight costs attributed to current geopolitical unrest.

India Business (Divisions b, c, and d):
The India businesses saw a moderation in profitability during Q4.

• Bentonite and Allied Minerals (Division b): Margins in this division were impacted by an increase in input costs combined with a change in the sales mix, resulting in a higher proportion of lower-margin products.
• Specialty Adsorbent Solutions (Division c): The profitability of this division was adversely affected by a sharp rise in sulphuric acid prices, a key raw material used in the acid activation process for bleaching clay.
• Advanced Ceramic Materials (Division d): The performance of this division remained largely stable during the quarter.

Financial Position at Year End​

As of March 31, 2026, the Group’s total assets were Rs 4,698.08 crores, up from Rs 3,849.13 crores the previous year. The total liabilities stood at Rs 4,698.08 crores.

The Cash and cash equivalents for the Group increased to Rs 315.80 crores, compared to Rs 109.35 crores at the end of the previous year.

The consolidated cash flow statement for the year showed a Net Cash from Operating Activities of Rs 462.86 crores for FY 2025-26, indicating strong operational cash generation.

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Note: Figures for Income from Operations and Profit Before Tax & Exceptional Items for Q4 FY 2025-26 and FY 2025-26 are provided on a consolidated basis.

ASHAPURMIN Stock Price Movement​

Ashapura Minechem Limited shares slipped by 3.79% on Wednesday, settling at ₹654.05 in after-hours trading. The stock traded through a day range of ₹648.1 to ₹685, registering a significant volume of 830,919 shares.