GMDC has posted a net profit of Rs.729 Mn for Q2FY17 as against Rs.662 Mn during the same quarter period of FY16 thereby registering 10.1% growth. However, top line is down by 2.4% from Rs.2538 Mn in Q2FY16 to Rs.2477 Mn due to competition from cheaper imported coal. EBITDA has also contracted by 151 bps from Rs.711 Mn in Q2FY16 to Rs.657Mn during Q2FY17. The Mining revenues of the company have fallen by 2.2% while Power business has grown by 25.7% YoY basis. However, top line, bottom-line and EBITDA declined by 39.6%, 36.5% and 52.8% on QoQ basis in Q2FY17, respectively as against the performance of Q1FY17.