Ashapura Minechem Q3 Result 2024: Date and Time, Share Price and Target

News: Ashapura Minechem Limited is a prominent multi-mineral solutions provider with a global presence. Let’s delve into some key details about this company:

1. Earnings Report Date and Time

• Ashapura Minechem Limited recently released its earnings results for the third quarter (Q3) of 2024.
• The announcement was made on February 14, 2024, at 5:01 am EST.

2. Financial Performance

During Q3 2024, Ashapura Minechem achieved significant growth in its financials:

• Net Sales: The company reported INR 97.12 crore in net sales, which is a remarkable 60.93% increase compared to the same period in 2022.
• Quarterly Net Profit: Ashapura Minechem’s net profit for Q3 2024 stood at INR 36.88 crore.

3. Share Price and Target

The stock market response to Ashapura Minechem’s Q3 results:

• Share Price: As of February 2, 2024, the share price of Ashapura Minechem (BSE: 527001 | NSE: ASHAPURMIN) was INR 420.35.
• Target Analysis: Investors and analysts are closely watching the company’s performance to determine future price targets.

4. Industry Impact

Ashapura Minechem operates in the metal mining sector. Its performance reflects broader trends in this industry.

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About Ashapura Minechem Limited :

Legacy and Reach:

• With a legacy spanning over 60 years, Ashapura has established itself as a leading player in the multi-mineral industry.
• The company operates across India and seven other countries, maintaining an extensive network of operations.

Business Focus:

• Ashapura Minechem is engaged in mining, manufacturing, and trading of various minerals and their derivative products.
• It is renowned as India’s largest mine owner and exporter of bentonite.

Social Responsibility:

• Ashapura recognizes its responsibility toward the land, people, and society that sustain its growth.
• The group has established institutions and infrastructure for rural education, women and child development, vocational training, local arts, culture, and history.

Ashapura Minechem’s Q3 results indicate robust growth, and investors should keep an eye on further developments. As the company continues its operations, shareholders and stakeholders eagerly await more updates.

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