Ashapura Minechem Ltd

Chetan ShahPromoter and Director

Thank you. Hello friends, good afternoon and welcome to the fifth earning calls of Ashapura Minechem Limited. With me in the call, we have involved Manan Shah, Ashish Desai, the Group CFO, Sachin Polke, Company Secretary and our Investor Relations team, Adfactors. The quarter has been period of the resilience for the company as we navigated a challenging and uncertain environment due to geopolitical uncertainty, high fuel prices and abnormal ocean freight. At the same time, customer's demand also remained volatile. I feel the customers may take some time to digest the market and the cost factors. The abnormal increase in the ocean freight is also pushing our landed cost upwards.

As always, we will take you through the key developments across our Guinea and India business during the quarter. The first let me speak to you about the business in Guinea. In the quarter one, our bauxite volumes stood to 2.34 million tons compared with 3.16 million tons in quarter four and 2.05 million tons in the quarter one of last financial year. EBITDA per ton improved to 6.3 per ton from 5.9 per ton in Q4.