Ashapura Minechem Management Guidance Tracker

8 forward-looking guidance items tracked across 2 quarters.

Growth

Q3 FY26Long-term volume target of 15 million tons by FY28Tracked

Management reiterated confidence in achieving 15 million tons bauxite export volume from Guinea by FY28, with linear ramp-up from ~3 million tons in FY25.

Q3 FY26Q4 FY26 expected to be a record quarter for Guinea exportsActive

Management expects Q4 FY26 to be a record quarter for Guinea bauxite exports, though exact numbers not provided.

Q3 FY26FY27 volume target implied at 11-12 million tonsTracked

Management indicated FY27 volume would be roughly halfway between current year and 15 million tons, implying 11-12 million tons.

Q4 FY26FY27 bauxite export volume target of 10-12 million tonsTracked

Management expects to export 10-12 million tons in FY27, up from 8 million tons in FY26, subject to freight availability and Guinea's quota system.

Other

Q3 FY26Bauxite price floor at ~$52/tonTracked

Management stated that below $52/ton bauxite price, they would need to reconsider production viability, implying a floor.

Revenue

Q4 FY26Guinea revenue guidance of at least $700 million for FY27Tracked

Management guided for Guinea revenue of at least $700 million in FY27, based on 10-12 million tons at current prices.

Capex

Q4 FY26India business capex of ~₹150 crore over next yearTracked

Planned capex of approximately ₹150 crore across India divisions to upgrade plants and add new products.

Expansion

Q4 FY26Port capacity expansion to 27 million tons by FY28Tracked

Boffa port expansion to ~10 million tons near completion; GSM port expansion to add 50-60% capacity by FY27-28.