Ashapura Minechem Q1FY18 consolidated net profit declines 71.6% yoy

India Infoline Research Team | September 09, 2017 09:35 IST

Ashapura Minechem Ltd Q1FY18

Consolidated Results Q1FY18: (Rs. in crore)

Q1FY18 YoY (%)
Revenue 259.4 25.4
EBITDA 23.5 [11.7]
EBITDA Margin (%) 9.1 [380]
Net Profit (adjusted) 3.9 [71.6]
***EBITDA margin change is bps


Reco. Price


Last updated on


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 corresponding margin contraction of 380 bps. EBITDA margin for the quarter stood 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, yoy decline of 71.6%. This was due to 16% yoy increase in depreciation.

Technical View:

Ashapura Minechem Ltd ended at Rs. 55, down by 1.3 points or 2.31% from its previous closing of Rs. 56.30 on the BSE.
The scrip opened at Rs. 56.80 and touched a high and low of Rs. 57.20 and Rs. 54.45 respectively. A total of 73,453(NSE+BSE) shares were traded on the counter. The stock traded above its 200 DMA.

BSE 89.50 6.70 (8.09%)
NSE 89.75 6.65 (8%)

***Note: This is a NSE Chart



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