Ashapura Minechem Ltd

Ashapura Minechem Targets 15M Tons by FY28 📈 | Q3 Revenue Hits ₹960 Cr

- Q3 consolidated revenue: ₹960.4 crores, up 0.8% QoQ

- Nine-month revenue: ₹3,268 crores, up 50% YoY

- Q3 EBITDA: ₹143 crores, up 8.3% QoQ with 14.9% margin

- Margin improvement driven by reduced demurrage and cost efficiencies

- Long-term volume target for FY28: 15 million tons

- Iron ore trials in Guinea progressing well with future volume potential

- Q4 expected to be a record quarter

- Guinea contributed 76% of Q3 revenue, India 24.2%