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
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