Gujarat Mineral Development Corporation Ltd Q2FY18
Standalone Results Q2FY18: (Rs. in crore)
|EBITDA Margin (%)||29.2||258|
|Net Profit (adjusted)||113||54.8|
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%.
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.