Ashapura Minechem Ltd.
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Ashapura Minechem release Q1FY18 business result
release time :2017-09-25 00:00:00 page view:2493

Standalone


Net Loss of Ashapura Minechem reported to Rs 14.17 crore in the quarter ended June 2017 as against net loss of Rs 8.45 crore during the previous quarter ended June 2016. Sales declined 21.21% to Rs 62.12 crore in the quarter ended June 2017 as against Rs 78.84 crore during the previous quarter ended June 2016. 


Consolidated


Ashapura Minchem Ltd consolidated revenue for the quarter came in at Rs. 259.4 crore, registering 25.4% YoY increase.

EBITDA for the quarter fell by 11.7% YoY to Rs. 23.5 crore with a EBITDA margin at 9.1%. This margin contraction was driven by 130% YoY increase in purchase of traded goods.
 
The PAT for the quarter came in at Rs. 3.9 crore, decline of 71.6% YoY. This was due to 16% YoY increase in depreciation.


Ashapura Minechem Ltd.

Address: 3rd Floor, Jeevan Udyog Building, 278 D.N.Road, Fort, Mumbai, India Postal Code: 400001 Website: www.ashapura.com

Sponsored by: ACRI (The Association of China Refractories Industry), Tangshan YinNaiLian E-Business Co., Ltd.

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