Gujarat Mineral Development Corporation announced Q2FY23 results: Standalone (Q2FY23): Total income stands at Rs. 591.70 crore as against Rs. 494.30 crore in Q2 FY22 Revenue from Operations stood at Rs. 538.91 crore as against Rs. 451.88 crore in Q2 FY22 Profit Before Tax stands at Rs. 203.97 crore as against Rs. 49.18 crore in Q2 FY22 Profit After Tax reported was at Rs. 150.62 crore as against Rs. 41.13 crore in Q2 FY22 EPS stands at Rs. 4.74 (Face Value Rs.2 per share) Standalone (H1FY23): Total Income stood at Rs. 1794.44 crore in H1FY23 as against Rs. 1026.78 crore in H1FY22. Revenues from operations were reported at Rs. 1694.28 crore as compared to Rs. 950.21 crore in H1FY22; up by 78.30% Profit Before Tax (PBT) stood at Rs. 670.44 crore for H1FY23 as compared to Rs. 93.55 crore in H1FY22.The Company’s PBT margin (H1FY23) stood at 39.57%. Profit After Tax (PAT) increased to Rs. 495.52 crore in H1FY23 as against Rs. 78.66 crore in H1FY22. The Company’s PAT (H1FY23) margin stood at 29.48 %. Earnings per share (EPS) for the H1FY23 stood at Rs. 15.58 (Face Value Rs. 2 per share}. Commenting on the financial performance of the company, Shri Roopwant Singh, IAS, Managing Director, GMDC said, “Overall we have made significant progress across our strategic priorities, creating value for all stakeholders. We are on track to delivering what we had promised during our earlier interactions with the investors. Operationally, we have delivered a robust set of numbers driven by our performance and supportive commodity prices. | can assure our investors that we are doing our best to turn around our power segment. We are committed to making GMDC stronger through growth, operational efficiencies, unlocking through technology and digitalization.” Result PDF
Gujarat Mineral Development Corporation announced Q1FY23 Result : GMDC Ltd Reports Revenue from Operations of Rs. 1155 Cr, PAT of Rs. 344 Cr up by 819% Revenue from operations stood at Rs. 1155 crore as compared to Rs. 498 crore in Q4'FY22 The Earnings Interest, Tax, Depreciation and Amortization (Core EBITDA) stood at Rs. 488 Crore in Q1'FY23 as against Rs. 459crore in Q4 FY22. The Company's EBITDA margin stood at 42.25 % Profit Before Tax (PBT) stood at Rs.466 crore for Q1 FY23 as compared to Rs.423 crore in Q4'FY22. The company's PBT margin stood at 40% Profit After Tax (PAT) reported at Rs. 344 crore for Q1FY23 as against Rs . 176 crore in Q4'FY22. PAT margin stood at 29.7% Earnings per share (EPS) for the FY' 22 stood at Rs.12.71 (Face Value Rs.2 per share) Commenting on the financial performance of the company Mr. Roopwant Singh, Managing Director, GMDC said "Our financial performance reflects our robust infrastructure as the country's largest merchant seller of lignite. The results show that GMDC is aware of the market situation and is committed towards delivering strong performances year on year. In the coming months, we are looking for consulting partners to leverage long term mining opportunities. The next few quarters will see an increase in investments across various segments, a validation of the company's collaborative approach to business transformation" Result PDF