Q3FY23 Quarterly Result Announced for Gujarat Mineral Development Corporation Ltd.
Gujarat Mineral Development Corporation announced Q3FY23 results: Standalone Q3FY23: Total income stands at Rs 911 crore as against Rs 764 crore in Q3FY22 Revenue from operations stood at Rs 855 crores as against Rs 725 crores in Q3FY22 Core EBITDA reported was at Rs 390 crores as compared to Rs 241 crores in Q3FY22 Profit before tax stands at Rs 369 crores as against Rs 220 crores in Q3FY22 Profit after tax reported was at Rs 265 crores as against Rs 149 crore in Q3FY22 EPS stands at Rs 8.34 (Face Value Rs 2 per share) Standalone 9MFY23 vs 9MFY22 : Total income stood at Rs 2,706 crores in 9MFY23 as against Rs 1,791 crores in 9MFY22. Revenues from operations were reported at Rs 2,550 crores as compared to Rs 1,675 crores in 9MFY22; up by 52% Core Earnings before Interest, Tax, Depreciation, and Amortization (Core EBITDA) stands at Rs 1,101 crores in 9MFY23, as against Rs 375 crores in 9MFY22. The Company’s Core EBITDA margin stood at 41%. Profit Before Tax (PBT) stood at Rs 1,040 crores for 9MFY23 as compared to Rs 313 crores in 9MFY22. The company’s PBT margin stood at 38%. Profit After Tax (PAT) increased to Rs 760 crores in 9MFY23 as against Rs 228 crores in 9MFY22. The company’s PAT margin stood at 28%. Earnings per share (EPS) for the 9MFY23 stood at Rs 23.92 (Face Value Rs 2 per share). Commenting on the financial performance of the company, Shri Roopwant Singh, IAS, Managing Director, GMDC said, "At GMDC, our hard work and strategic focus have helped position us perfectly to make the best of this environment, and our plans are focused on achieving accelerated growth. The next quarters will see an increase in investments across various segments, this can be seen by the number of bids GMDC has placed under the latest tranche in the commercial coal block auction recently conducted by the Ministry of Coal". Result PDF15-02-2023