
Ashapura Minechem shares soared 11.06% to ₹726.40 following exceptional FY26 results that demonstrated significant operational improvements across key metrics. According to the latest financial results, the company's consolidated net profit jumped 44% year-on-year to ₹416.47 crore for the financial year ended March 31, 2026, while revenue from operations surged 91.2% to ₹5,237.13 crore compared to ₹2,738.93 crore in the previous year. The company's board, which met on May 28, 2026, approved the audited financial results and recommended a final dividend of ₹2 per equity share (100% payout ratio), marking an increase from the 50% final dividend paid in the previous financial year.
The company's quarterly performance showed remarkable momentum with Q4 consolidated net profit standing at ₹1.21 billion rupees versus ₹786 million in the same period last year, while Q4 revenue came in at ₹19.7 billion rupees versus ₹5.55 billion year-on-year. However, EBITDA margin contracted sharply to 6.54% from 15.23% in the previous year, reflecting higher fuel costs and elevated ocean freight rates amid ongoing geopolitical tensions. The sharp rise in bauxite export volumes from Guinea led to strong topline performance, though margins remained under pressure due to operational challenges.
The company's Guinea business, comprising bauxite and iron ore operations, delivered significant volume growth during the quarter. According to the latest results, bauxite export volumes from Guinea rose to 3.16 million metric tonnes (MMT) in Q4 FY26 from 1.39 MMT in the preceding quarter. This sharp rise in volumes contributed significantly to the overall performance, with the Guinea division reporting a turnover of ₹4,239 crore for the full year, handling mining and exports of bauxite and iron ore. The strong top-line growth was primarily led by this segment, though margins were impacted by rising fuel costs and ocean freight due to geopolitical unrest.
The company's India businesses, including Bentonite and Allied Minerals, White Performance Materials and Others, and Advanced Ceramic Materials business, witnessed moderation in profitability during Q4. As reported in the financial results, margins in Bentonite and Allied Minerals were impacted by a rise in input costs along with a change in sales mix, driven by a higher proportion of lower-margin products. The profitability of Specialty Adsorbent Solutions business was adversely affected by a sharp increase in sulphuric acid prices, which is a key raw material used in the acid activation process for bleaching clay.
The company's board recommended a final dividend of ₹2 per equity share (100% payout ratio) on face value of ₹2.00 each for the financial year 2025-2026, subject to shareholder approval at the ensuing Annual General Meeting. According to the latest results, the company operates primarily in the minerals segment with business lines divided into Guinea operations and various verticals in India. The company recognized exceptional items of ₹1.77 crore in standalone results and ₹4.56 crore in consolidated results, attributed to the incremental impact of new labour codes implemented by the Government of India effective November 21, 2025. The statutory auditors, M/s. P A R K & Co., issued an unmodified opinion on the standalone and consolidated financial results.