GMDC posts consolidated PAT of Rs. 40.45 crore in Q2FY22

The Board of Directors of Gujarat Mineral Development Corporation Limited, at its meeting held today have approved the unaudited Consolidated financial results of the company for the period ended September 30, 2021.

For the quarter ended September 30, 2021(Q2 FY2022), the company's total income was ₹ 494.7147 crore, against ₹237.7888 crore in the corresponding quarter of the previous year (YoY) and ₹532.8961 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q2 FY2022), the company's net profit / (loss) was ₹40.4553 crore, against ₹11.9464 crore in the corresponding quarter of the previous year (YoY) and ₹37.7119 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q2 FY2022), the company's Earnings Per Share (EPS) was ₹1.27, against ₹0.38 in the corresponding quarter of the previous year (YoY) and ₹1.19 in previous quarter (QoQ).

Financials	Q2 FY2022	Q1 FY2022	QoQ % Change	Q2 FY2021	YoY % Change
Total Income	₹ 494.7147 crs	₹532.8961 crs	-7.16%	₹237.7888 crs	108.05%
Net Profit	₹40.4553 crs	₹37.7119 crs	7.27%	₹11.9464 crs	238.64 %
EPS	₹1.27	₹1.19	6.72%	₹0.38	234.21%

For the 6 Months period ended September 30, 2021(Half Year Ended FY 2022), the company's total income was ₹1027.6108 crore, against ₹513.9371 crore in the previous year (YoY) (Half Year Ended FY 2021).

The net profit / (loss) was at ₹78.1672 crore for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), compared to ₹148.0547 crore in the previous year (YoY) (Half Year Ended FY 2021).

The Earnings Per Share stood at ₹2.46 for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), against ₹4.66 in the previous year (YoY) (Half Year Ended FY 2021).

Financials	Half Year Ended FY2022	Half Year Ended FY2021	% Change
Total Income	₹1027.6108 crs	₹513.9371 crs	99.95%
Net Profit	₹78.1672 crs	₹148.0547 crs	-47.20%
EPS	₹2.46	₹4.66	-47.21%

Shares of Gujarat Mineral Development Corporation Limited was last trading in BSE at Rs. 72.65 as compared to the previous close of Rs. 74.70. The total number of shares traded during the day was 194684 in over 1781 trades.

The stock hit an intraday high of Rs. 75.65 and intraday low of 71.45. The net turnover during the day was Rs. 14344040.00.

Source : Equity Bulls

Keywords

GMDC Q2FY22 H1FY22 ResultUpdate