ASHAPURMINAshapura Minechem Ltd.
Ashapura Minechem Q2 FY27 Results: Consolidated Net Profit ₹69.70 Crore on Total Income of ₹1,076 Crore
- Earnings
- Minerals and mining
Reviewed byKeshav SehgalBlacklitt Research
Ashapura Minechem (NSE: ASHAPURMIN) reported a consolidated total income of ₹1,075.52 crore and a consolidated net profit of ₹69.70 crore for the quarter ended 30 Sep 2026, it said in a filing on 05 Nov 2026. Standalone total income was ₹89.56 crore and standalone net profit ₹11.29 crore.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹1,075.52 crore, up 12.0% YoY and down 33.8% QoQ
- Net profit: ₹69.70 crore, down 34.2% YoY and 35.6% QoQ
- EPS: ₹5.41 basic, against ₹10.11 a year earlier
- Finance costs: ₹31.45 crore, up 7.6% YoY
Standalone
The company on its own, without its subsidiaries
- Total income: ₹89.56 crore, down 11.0% YoY and 22.6% QoQ
- Net profit: ₹11.29 crore, down 82.5% YoY and 54.4% QoQ
- EPS: ₹1.18 basic, against ₹6.76 a year earlier
- Tax expense: ₹4.16 crore, against a credit of ₹34.62 crore a year earlier
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 1,075.52 | 960.11 | +12.0% | 1,624.12 | -33.8% | |
| Revenue from operations | 1,063.40 | 952.50 | +11.6% | 1,616.12 | -34.2% |
| Other income | 12.61 | 7.61 | +65.7% | 7.60 | +65.9% |
| 69.70 | 105.98 | -34.2% | 108.31 | -35.6% | |
| Profit before tax | 72.73 | 70.74 | +2.8% | 123.30 | -41.0% |
| Finance costs | 31.45 | 29.22 | +7.6% | 28.87 | +8.9% |
| Depreciation | 33.50 | 32.16 | +4.2% | 36.72 | -8.8% |
| Tax expense | 4.17 | -28.91 | n/a | 8.79 | -52.6% |
| Net profit margin | 6.48% | 11.04% | -4.56 pp | 6.67% | -0.19 pp |
| EPS, basic (₹) | 5.41 | 10.11 | -46.5% | 12.07 | -55.2% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Profit before tax rose 2.8% to ₹72.73 crore, but the year-earlier quarter carried a tax credit of ₹28.91 crore, which the table shows as a negative tax expense.
Other income of ₹12.61 crore is 17.3% of profit before tax, up 65.7% on a year earlier, while revenue from operations rose 11.6%. Finance costs of ₹31.45 crore are 2.9% of total income. The company says lower dispatches of bauxite from Guinea in Q2 compared with Q1 were primarily attributable to seasonal monsoon conditions, higher ocean-going vessel freight and increased fuel prices.
Bauxite exports from Guinea were 1.21 million tonnes in the quarter, against 2.34 million tonnes in Q1 and 1.33 million tonnes a year earlier. Guinea EBITDA per tonne was USD 5.3, against USD 6.3 in Q1 and USD 8.9 a year earlier, per the press release. Consolidated EBITDA was ₹137.7 crore, against ₹132.1 crore a year earlier. Shareholders' share of consolidated profit was ₹51.64 crore.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 89.56 | 100.66 | -11.0% | 115.65 | -22.6% | |
| Revenue from operations | 77.47 | 87.05 | -11.0% | 110.63 | -30.0% |
| Other income | 12.09 | 13.61 | -11.2% | 5.02 | +140.8% |
| 11.29 | 64.55 | -82.5% | 24.78 | -54.4% | |
| Profit before tax | 15.46 | 29.93 | -48.3% | 33.48 | -53.8% |
| Finance costs | 2.21 | 3.06 | -27.8% | 2.31 | -4.3% |
| Depreciation | 2.45 | 2.54 | -3.5% | 2.42 | +1.2% |
| Tax expense | 4.16 | -34.62 | n/a | 8.73 | -52.3% |
| Net profit margin | 12.61% | 64.13% | -51.52 pp | 21.43% | -8.82 pp |
| EPS, basic (₹) | 1.18 | 6.76 | -82.5% | 2.59 | -54.4% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit fell 82.5% YoY, a larger fall than the 11.0% drop in total income, and profit before tax fell 48.3% to ₹15.46 crore. Standalone other income of ₹12.09 crore is 78.2% of profit before tax, and the tax charge of ₹4.16 crore is 26.9% of it.
Standalone revenue from operations fell 11.0% to ₹77.47 crore, the same rate of fall as total income, while other income fell 11.2%. Standalone finance costs of ₹2.21 crore are 2.5% of total income. The filing does not give the year-earlier standalone tax credit of ₹34.62 crore in detail.
The company reports one primary segment, minerals, its derivative products and related services. Exceptional items are nil in the statement for the quarter on both bases. The statutory auditors, P A R K & Co., issued unmodified limited review opinions on both sets of results.
The company plans an investor call on 13 Nov 2026 at 4:00 pm. Reported complaints from investors for the quarter were nil.
Inference
The filing states paid-up equity share capital of ₹19.11 crore at face value of ₹2 each, and the board approved the results on 05 Nov 2026 after a limited review by the auditors.
The filing does not say what is behind the year-earlier standalone tax credit, how much the monsoon and freight effects weighed on volumes and margins, or what the company expects for the coming quarters.
Filed with BSE on . Reference: Original filing (PDF)
Disclaimer:
The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. We do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. We are not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. We are not liable for any decisions made or actions taken based on the information provided on this website.
