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.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
