GMDC Q1FY23 consolidated profit soars to Rs. 344.94 crores

Gujarat Mineral Development Corporation Limited has reported Consolidated financial results for the period ended June 30, 2022.

Financial Results (Q1 FY2023) - QoQ Comparison

The company has reported total income of Rs. 1203.0577 crores during the period ended June 30, 2022 as compared to Rs. 1096.9729 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs. 344.9453 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs. 176.9918 crores for the period ended March 31, 2022.

The company has reported EPS of Rs. 10.85 for the period ended June 30, 2022 as compared to Rs. 5.57 for the period ended March 31, 2022.

Financials	Q1 FY2023	Q4 FY2022	% Change
Total Income	₹ 1203.0577 crs	₹1096.9729 crs	9.67%
Net Profit	₹344.9453 crs	₹176.9918 crs	94.89%
EPS	₹10.85	₹5.57	94.79%

Financial Results (Q1 FY2023) - YoY Comparison

The company has reported total income of Rs. 1203.0577 crores during the period ended June 30, 2022 as compared to Rs.532.8961 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs.344.9453 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs.37.7119 crores for the period ended June 30, 2021.

The company has reported EPS of Rs.10.85 for the period ended June 30, 2022 as compared to Rs.1.19 for the period ended June 30, 2021.

Financials	Q1 FY2023	Q1 FY2022	% Change
Total Income	₹ 1203.0577 crs	₹532.8961 crs	125.76%
Net Profit	₹344.9453 crs	₹37.7119 crs	814.69%
EPS	₹10.85	₹1.19	811.76%

Shares of Gujarat Mineral Development Corporation Limited was last trading in BSE at Rs. 179.50 as compared to the previous close of Rs. 172.90. The total number of shares traded during the day was 840331 in over 7316 trades.

The stock hit an intraday high of Rs. 186.80 and intraday low of 171.55. The net turnover during the day was Rs. 151053856.00.

Source : Equity Bulls

Keywords

GMDC Q1FY23 ResultUpdate