Ashapura Minechem Shares Surge 5% on Stellar Q3 Performance

Ashapura Minechem Ltd (ASHM.NS) shares jumped 5% in pre-open trade on February 17, 2025, following impressive Q3 FY25 results. The company reported a remarkable 87.08% year-on-year increase in consolidated net profit to ₹105.42 crore, up from ₹56.35 crore in Q3 FY24. This surge in profitability comes despite a modest 3.9% rise in revenue to ₹2.10 billion for the quarter. Investors responded positively to Ashapura's strong performance, which showcases the company's improved operational efficiency and market position in the specialty mining and metals sector. The stock opened at ₹496.95, reflecting growing investor confidence in Ashapura's growth trajectory.

 

Sources: BlinkX, Moneycontrol, Yahoo Finance