Gujarat Mineral Development Corp's Q4FY22 profit nearly doubles YoY, revenue up 80.4% Coal company Gujarat Mineral Development Corporation declares Q4FY22 result: GMDC sees yet another dynamite Quarter, QoQ Revenue from operations up 46% and PBT up by 92% GMDC LTD reports revenue of Rs.1097 Cr, PBT of Rs. 423 crores Total income stands at Rs. 1096.93 crore as against Rs. 763.87 crore in Q3FY22 Revenue from operations stood at Rs. 1057 crores as against Rs. 725 crores in Q3FY22 Core EBITDA reported was at Rs. 459 crores as compared to Rs. 241 crores in Q3FY22 Profit Before Tax stands at Rs. 423 crores as against Rs. 220 crores in Q3FY22 Profit After Tax reported was at Rs. 176 crores as against Rs. 150 crore in Q3FY22 EPS stands at Rs. 5.53 (Face Value Rs.2 per share) During the year 2021-22, lignite production at Bhavnagar mines achieved was 16.37 lakh MT, an increase of 11.45 lakh MT, as against 4.92 Lakh MT in 2020-21. During the Month of March, the production achieved was 9.10 lakh MT which is highest production achieved during the month of March over the last four years. The production stood highest at 25.07 lakh MT in Q4 which is also the highest production achieved during similar comparable quarter of past four years. Its Revenue from Operations were Rs 1057 crore and Profit After Tax stood at Rs 176 crore. The company's Earnings Per Share were Rs 5.53 FY22 Vs FY21 (Standalone): Total Income stood at Rs. 2888 crore in FY22 as against Rs. 1494 crore in FY21. Revenues from operations was reported at Rs.2732 crore as compared to Rs.1343 crore in FY21. Core Earnings before Interest, Tax, Depreciation and Amortization (Core EBITDA) stands Rs. 834 crore in FY22, as against Rs. 146 crore in FY21. The Company’s Core EBITDA margin stood at 29%. Profit Before Tax (PBT) stood at Rs. 736 crore for FY22 as compared to Rs. (344) crore in FY21.The Company’s PBT margin stood at 25.49%. Profit After Tax (PAT) increased to Rs. 404 crore in FY22 as against Rs. (37) crore in FY21.The Company’s PAT margin stood at 14%. Earnings per share (EPS) for the FY22 stood at Rs. 12.71 (Face Value Rs. 2 per share) Commenting on the financial performance of the company, Shri Roopwant Singh, IAS, Managing Director, GMDC said, “GMDC has delivered its best-ever annual results over the last five years and is the second-best in the company's entire life so far. Over the next few years, our focus will be to realise more and more world-class value-added products using the latest technologies & equipments. We have partnered with Boston Consulting Group (BCG) for strategic transformation; McKinsey & Co. for the development of REE Assets; AT Kearney for the transformation of Thermal Power Project, and Deloitte to fast-track the six new lignite mining projects." Result PDF
Coal company Gujarat Mineral Development Corporation declares Q3FY22 result: GM DC's M arket Capitalization surges to Rs.3534.57 Cr posting a highest ever quarterly revenue of Rs.764 Cr Total income stands at Rs. 763.87 crore as against Rs. 494.30 crore in Q2FY22 Revenue from Operations stood at Rs. 725 crores as against Rs. 451.88 crores in Q2FY22 Core EBITDA reported was at Rs. 202 crores as compared to Rs. 27 crores in Q2FY22 Profit Before Tax stands at Rs. 220 crores as against Rs. 50 crores in Q2FY22 Profit After Tax reported was at Rs.150 crores as against Rs. 41.13 crore in Q2FY22 Total lncome stood at Rs. 1790.65 crore in 9MFY22 as against Rs. 882.46 crore in 9MFY21. Revenues from operations was reported at Rs. 1674.79 crore as compared to Rs. 773.43 crore in 9MFY21. Core Earnings before Interest, Tax, Depreciation and Amortization (Core EBITDA) stands Rs. 260 crore in 9MFY22, as against a loss of Rs. 42 crore in 9MFY21. The Company’s Core EBITDA margin stood at 27.86 %. Profit Before Tax (PBT) stood at Rs. 313 crore for 9MFY22 as compared to Rs.1 crore in 9MFY21.The Company’s PBT margin stood at 18.68 %. Profit After Tax (PAT) increased to Rs. 228.49 crore in 9MFY22 as against Rs. 144.77 crore in 9MFY21.The Company’s PAT margin stood at 13.64 %. Earningsper share (EPS) for the 9MFY22 stood at Rs. 4.71 (Face Value Rs.2 per share). Commenting on the financial performance of the company Roopwant Singh, IAS, Managing Director, GMDC said "GMDCs financial performance reflects its robust infrastructure as the country's largest merchant seller of lignite. This is a validation of the company's collaborative approach to business transformation." Result PDF