There were sell orders pending for 24,693 shares on the BSE, with no buyers in sight.
On a consolidated basis, Ashapura Minechem reported 90.8% fall in net profit to Rs 33.79 crore in Q4 FY21 from Rs 367.87 crore in Q4 FY20.
Consequently, the scrip hit a lower circuit of 5% at Rs 154.95 on the BSE.
Net sales surged 210.3% to Rs 319.65 crore during the quarter, from Rs 103.02 crore recorded in the same period last year.
Total expenditure jumped by 129.9% YoY to Rs 272.22 crore in Q4 FY21. While the company's interest payments rose 55.7% to Rs 16.35 crore, depreciation costs increased by 136.4% to Rs 18.11 crore in Q4 FY21 over Q4 FY20.
Consequently, profit before tax in Q4 FY21 stood at Rs 51.44 crore, down by 85.9% from Rs 364.93 crore in Q4 FY20.
The company's consolidated net profit declined by 77.4% to Rs 87.48 crore on 243.4% jump in net sales to Rs 1,148.11 crore in FY21 over FY20.
Ashapura Minechem is engaged in the mining, manufacturing and trading of various minerals and its derivative products.
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