Gujarat Mineral Development Corporation Q2FY18 standalone net profit rises 54.8% yoy

Nov 10, 2017 05:11 IST India Infoline Research Team

Gujarat Mineral Development Corporation Ltd Q2FY18

Standalone Results Q2FY18: (Rs. in crore)

Q2FY18 YoY (%)
Revenue 346 39.5
EBITDA 101 53.0
EBITDA Margin (%) 29.2 258
Net Profit (adjusted) 113 54.8
***EBITDA margin change is bps
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Reco. Price

173

Last updated on

27-Oct-2017



GMDC standalone revenue for the quarter came in at Rs. 346 crore, registering 39.5% yoy increase. This was primarily driven by jump in mining revenues to Rs.262 crore a 60% yoy increase

EBITDA for the quarter rose by 53.5% yoy to Rs. 101 crore with a corresponding margin expansion of 258 bps. EBITDA margin for the quarter stood at 29.2%. This margin expansion was aided by lower depreciation
 
The PAT for the quarter came in at Rs. 113 crore, yoy increase of 54%. 


Technical View:

Gujarat Mineral Development Corporation Ltd is currently trading at Rs. 165.55, up by 0.75 points or 0.46% from its previous closing of Rs. 164.80 on the BSE.
The scrip opened at Rs. 163 and has touched a high and low of Rs. 167.95 and Rs. 163 respectively. So far 4,13,238(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.

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