Gujarat Mineral Development Corporation Ltd's Q3FY25 Quarterly Results

Result Summary

• Gujarat Mineral Development Corporation Ltd reported a 17.2% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 23.0%.
• Its expenses for the quarter were up by 24.3% QoQ and 26.9% YoY.
• The net profit increased 15.5% QoQ and increased 26.4% YoY.
• The earnings per share (EPS) of Gujarat Mineral Development Corporation Ltd stood at 4.6 during Q3FY25.

Financial Statments for Q3FY25

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Gujarat Mineral Development Corporation Ltd (GMDC) is a leading mining and mineral processing company in India. It operates primarily in the exploration and development of mineral resources, including lignite, bauxite, fluorspar, manganese, and base metals, among others. GMDC plays a significant role in the state's industrial sector, being a public sector undertaking of the Government of Gujarat. The company is involved in the production and sale of various minerals, contributing to the infrastructure and energy sectors. In recent years, GMDC has focused on expanding its operations and enhancing its production capabilities to meet growing demand.

Revenue

In the third quarter of the fiscal year 2025 (Q3FY25), Gujarat Mineral Development Corporation Ltd reported a total income of ₹767.92 crores. This reflects a substantial increase of 17.2% on a quarter-over-quarter basis compared to ₹655.40 crores in the second quarter of the fiscal year 2025 (Q2FY25). On a year-over-year basis, total income grew by 23.0%, rising from ₹624.51 crores in Q3FY24. The company's revenue growth over the past year and quarter highlights its upward trajectory in income generation, likely driven by increased sales or improved pricing for its products or services.

Profitability

For Q3FY25, GMDC's profit before tax was recorded at ₹179.66 crores, a slight decline of 1.3% from the previous quarter's ₹182.06 crores. However, when compared year-over-year, there was an 11.6% increase from ₹161.01 crores in Q3FY24. The tax expense for Q3FY25 amounted to ₹31.63 crores, which is a significant decrease of 40.7% from Q2FY25 and a 27.3% reduction from the same quarter last year. Consequently, the profit after tax for Q3FY25 stood at ₹147.66 crores, marking a 15.5% increase from the previous quarter and a 26.4% rise from the prior year’s corresponding quarter. The earnings per share also improved to ₹4.60, showing a 15.0% quarter-over-quarter increase and a 24.3% year-over-year growth.

Operating Metrics

The company's total expenses in Q3FY25 were ₹588.26 crores, which represents a 24.3% increase from Q2FY25, where expenses were ₹473.34 crores. Compared to Q3FY24, total expenses rose by 26.9% from ₹463.50 crores. The increase in expenses on both a quarterly and yearly basis suggests a change in operational costs which could be attributed to various factors such as increased production volumes, cost of raw materials, or other operational activities. Despite the rise in expenses, the company managed to maintain a healthy profit margin, as evidenced by the profit after tax figures.