Gujarat Mineral Development Corp Ltd. was in the fast lane on Wednesday after witnessing robust growth in the financial performance for the quarter ending December 2021 (Q3FY22).
The stock rallies by 8.49%, and is currently trading at Rs150.10 against its previous closing price of Rs138.95. Gujarat Mineral maintained higher levels so far in today’s trade and touched the day’s high of Rs152.10.
The total income for the current quarter was reported at Rs763.87 crore against Rs494.30 crore for the previous quarter, and net sales for the previous corresponding quarter stood at Rs348.39 crore.
PAT jumped to Rs150 crore in Q3FY22 against Rs41.13 crore in the previous quarter, whilst a loss for Q3FY21 was Rs3.82 crore.
EBITDA for the quarter ended December 2021 clocked at Rs202 crore against Rs27 crore for the previous quarter.
Company’s EPS also improved significantly to Rs4.71 during Q3FY22 against negative Rs0.12 in Q3YF21.
PBT for the December 2021 reported at Rs219.63 crore as compared to a loss of Rs21.01 crore in the previous corresponding quarter.
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