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