Ashapura Minechem sees strong Q2 FY26 growth, boosts bauxite exports

Ashapura Minechem Limited reported a 57% year-on-year growth in consolidated revenue from operations for Q2 FY26, reaching INR 952.5 crore. This growth was primarily fueled by strong bauxite exports from Guinea and stable domestic segment performance. The company's EBITDA for Q2 FY26 doubled year-on-year to INR 132.1 crore, with the EBITDA margin improving to 13.9% from 10.8% in Q2 FY25, attributed to improved cost efficiencies and higher operating leverage. Profit before tax (PBT) surged over 128% year-on-year to INR 81.2 crore, with PBT margin at 8.5%.

For the first half of FY26 (H1 FY26), consolidated revenue stood at INR 2,308 crore, representing a 75% year-on-year growth. EBITDA for H1 FY26 reached INR 319.9 crore, up 105% year-on-year, with a margin of 13.9%. PBT for H1 FY26 increased by 112% year-on-year to INR 213 crore, achieving a PBT margin of 9.2%. Basic EPS for Q2 FY26 was INR 10.11, compared to INR 4.71 in the same period last year, and INR 21.61 for H1 FY26.

In Guinea, the company exported 3.38 million metric tons of bauxite in H1 FY26, nearly matching the full-year volume of FY24-25. Long-term logistical arrangements have been secured, and a new bridge at the BOFFA mining area, an investment exceeding INR 80 crore, has been completed to access high-quality bauxite deposits. The company aims to achieve 15 million metric tons in FY27-28 and expects to commercialize iron ore production within the next two quarters.