ASHAPURMIN / Q1-FY27 / claim-ledger

Audit the questions that mattered.

Ashapura Minechem · Analyst questions, management answers, and the quality of the response where the ledger is available.

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WatchQ1-FY27 · 2026-07-15Back to quarter ↗

Questions audited

7

Answered directly

36%

Numeric claims

1

Consistency

contradicted

Question ledger

What was answered, and how?

Devosa · Individual Investor

partial

Volume shortfall and guidance risk due to freight and low bauxite prices

As you are aware that typically quarter 2 is a weak quarter and it picks up from quarter three and then improves towards quarter 4 and one. As already has been mentioned on this call that Q1 was lower than the previous quarter because of particularly challenges regarding to ocean freight and limited availability of vessel and regarding to our target of 10 million tons we have added that okay maybe there may be a 10% variance into this target.

Anandrati · Anandrati Institutional Securities

partial

Quantifying EBITDA per ton trajectory for Q2 and FY27/28

I would ideally not like to speculate too much on that but like I feel that in the next one or two quarters it should remain closer to what we have achieved. So around $6 or $6.3 to $6 would be a reasonable expectation. Earlier we used to operate at around closer to $10. So we are optimistic that maybe I cannot predict the timeline but we do think that at least closer to that is what we see the normal run rate for this.

Nalin Sha · NBS Brokerage

partial

Q2 volume feasibility and current freight cost situation

Freight in quarter 2 freight still remain very very elevated compared to the normal what we consider the normal levels and as a percentage of the CIF cost rate remains elevated and this remains a challenge for us. Q2 is typically the weakest quarter for us and most of our growth will come in towards the end of Q3 and in Q4. We have given a target of 10 to 12 and we expect maybe there may be a 10% variance into this target. So we can consider like a 9 to 11 kind of a range but we are still very optimistic.

May Rawat · Invest for ADO

evasive

Bauxite washing plant impact on EBITDA and expansion timeline

I would not comment on a specific EBITDA increase and in any case it is a smaller part of our total export volume currently as of now I would still encouraged to think of this more on a sustainability side than on EBITDA side. The time period to implement this kind of a plant would be one year. If there is a adequate demand and viability of this project it would not be very difficult for us to expand it in a similar model.

Milan Chen · Green Portfolios

evasive

Guinea agreement status with China on Cycox deposit

That was a kind of a more like a MOU. We are still studying the details and how to make it operational but currently there is not much progress to report on faro mines. Maybe around next year we may have something to report on that but currently it is still in a development phase.

Dia Jen · Sapphire Capital

partial

Kota system implementation timeline and realization outlook

We are awaiting further information on the government but we most certainly expected to come in before the end of this year. I think that the realizations may remain close to similar levels for time being until we have any kind of directional tailwind would probably come in from the kota system till then we expect margins to remain closer to similar levels.

Krina Sha · KSA Shares and Securities

partial

India bentonite and kaolin growth drivers and value-added product mix

Our company is blessed that the mines the port the plant and is so strategically located for these premium products. We have a good plans for the cat litter. We have a good plans for foundry. We have in oil and gas we are doing quite well. These are all very exciting initiatives but they are serious and genuine value additions which take you know few quarters or couple of financial years to play out.