GMDC Ltd Q4 PAT turns around to Rs176.99cr from loss last year

25 Apr 2022 , 06:33 PM

GMDC Ltd reported 86.86% growth yoy in total revenues for the Mar-22 quarter on consolidated basis at Rs1,057.28cr. On a sequential basis, the revenues were higher for the quarter by 45.92%.

For the full year FY22, the revenues were higher by 103% at Rs2,732cr. The company saw a big boost to its mining revenues by 87% at Rs1,004cr on the back of sharply higher ore and metal prices.

Revenues from power more than doubled yoy to Rs85cr. GMDC declared Rs.4.30 per share dividend or 215% for the fiscal year 2021-22.

The consolidated net profit for Q4 turned around to a profit of Rs176.99cr compared to a net loss of Rs-184.64cr in the Mar-21 quarter.

However, the last year net loss was due to an exceptional write off of Rs396.56cr towards impairment of plant, property and equipment. Operating profits on a yoy basis was up 9-fold for mining and turned around for power.

Net margins stood at 16.74% in Mar-22 quarter compared to -32.63% in Mar-21. The net profit margins were lower by 396 basis points on a sequential basis, compared to Dec-21 quarter.

Financial highlights for Mar-22 compared yoy and sequentially

	GMDC Ltd
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 1,057.28	₹ 565.81	86.86%	₹ 724.58	45.92%
Net Profit (Rs cr)	₹ 176.99	₹ -184.64	-195.86%	₹ 149.82	18.14%
Diluted EPS (Rs)	₹ 5.57	₹ -5.81		₹ 4.71
Net Margins	16.74%	-32.63%		20.68%