GMDC posts remarkable performance in Q4FY22; logs 92% QoQ growth in PBT at Rs423 crore

26 Apr 2022 , 01:09 PM

Gujarat Mineral Development Corporation Ltd., (GMDC) one of the leading mining Public Sector Enterprise in India, has announced its financial results for the fourth quarter and year ended March 31, 2022.

The company has put attractive numbers on the table for its last-quarter results for FY22 with a reported Profit After Tax of Rs176 crore and Revenue of Rs1,097 crore.

The company’s Total income stands at Rs1,096.93 crore in Q4FY22, up by 46% QoQ as against Rs763.87 crore in Q3FY22. Its Revenue from Operations was reported at Rs1,057 crore as against Rs725 crore in Q3FY22.

PBT for Q4FY22 stands at Rs423 crore as compared to Rs220 crore in Q3FY22, up by 92% QoQ.

PAT for the quarter under review stood at Rs176 crore as compared to Rs150 crore in the previous corresponding quarter, reporting a growth of 17.33% yoy.

Total Income stood at Rs2,888 crore in FY22 as compared to Rs1,494 crore in FY21, up by 93.30% yoy. Revenue from operations for the year was reported at Rs2,732 crore as against Rs1,343 crore in FY21.

Profit After Tax (PAT) jumped to Rs404 crore in FY22 as against a loss of Rs37 crore in FY21. The Company’s PAT margin stood at 14%.

Earnings per share (EPS) for FY22 stood at Rs12.71 per share.

At around 1.13 PM, GMDCL was trading at Rs204.50 per piece, up by Rs1.15 or 0.57% from its previous closing of Rs203.35 on the BSE.