Ashapura Minechem Ltd — earnings calls

Ashapura Minechem reported Q1 FY27 consolidated income from operations of Rs 1,616 crores, up approximately 19.2% year-on-year, while EBITDA remained broadly stable at Rs 188.9 crores due to higher fuel, marine logistics and other input costs. Bauxite volumes from Guinea fell to 2.34 million tons from 3.16 million tons in Q4, with EBITDA per ton improving to $6.3 from $5.9 in Q4, while management said the ocean freight environment remained volatile and elevated. Management also discussed cost pressure in the bleaching clay business from a five-fold rise in sulphuric acid prices, growth in the Orient Ceratech joint venture, and continued expectations for a Guinea government bauxite export quota system before the end of the year.

Ashapura Minechem reported consolidated revenue of Rs 5,237 crores for FY26, up 91% year-on-year, with EBITDA of Rs 674 crores and PBT before exceptional items of Rs 450 crores. The Guinea bauxite business exported about 8 million tons during the year against 3.5 million tons in the previous year, and management described a sharp sequential decline in EBITDA per ton in Q4 due to higher fuel, freight and duty costs. Management discussed an upcoming Guinean government bauxite quota system, ongoing port capacity expansion, and progress on an iron ore asset and bauxite washing plant, while flagging near-term margin pressure expected to persist into the first quarter of FY27.