Ahmedabad, January 31, 2025 – Gujarat Mineral Development Corporation Limited (GMDC) (BSE: 532181 | NSE: GMDCLTD) announced its unaudited financial results for Q3 FY25, showcasing robust revenue growth and improved profitability. The Board of Directors approved the results at their meeting held on January 31, 2025.
Key Financial Highlights (Standalone)
(₹ in Crore)| Particulars | Q3 FY25 (31-Dec-24) | Q2 FY25 (30-Sep-24) | Q3 FY24 (31-Dec-23) | 9M FY25 | 9M FY24 | FY24 (Audited) |
|---|---|---|---|---|---|---|
| Total Revenue | 653.41 | 593.01 | 564.27 | 2,064.55 | 1,712.60 | 2,462.88 |
| Net Profit (Before Tax) | 180.35 | 182.53 | 161.01 | 612.47 | 559.95 | 814.36 |
| Net Profit (After Tax) | 148.72 | 129.18 | 117.48 | 462.47 | 409.46 | 613.59 |
| EPS (₹ per Share) | 4.68 | 4.07 | 3.69 | 14.54 | 12.88 | 19.30 |
Key Financial Highlights (Consolidated)
(₹ in Crore)| Particulars | Q3 FY25 (31-Dec-24) | Q2 FY25 (30-Sep-24) | Q3 FY24 (31-Dec-23) | 9M FY25 | 9M FY24 | FY24 (Audited) |
|---|---|---|---|---|---|---|
| Total Revenue | 653.42 | 593.01 | 564.27 | 2,064.56 | 1,712.61 | 2,462.88 |
| Net Profit (Before Tax) | 179.66 | 182.06 | 161.01 | 610.88 | 559.86 | 814.73 |
| Net Profit (After Tax) | 147.66 | 127.86 | 116.83 | 459.57 | 410.12 | 617.24 |
| EPS (₹ per Share) | 4.64 | 4.02 | 3.67 | 14.45 | 12.90 | 19.41 |
Segment-Wise Performance (Standalone)
(₹ in Crore)| Segment | Revenue (Q3 FY25) | Revenue (Q2 FY25) | Revenue (Q3 FY24) | 9M FY25 | 9M FY24 | FY24 (Audited) |
|---|---|---|---|---|---|---|
| Mining | 627.18 | 553.58 | 534.69 | 1,953.02 | 1,597.94 | 2,324.21 |
| Power | 26.23 | 39.45 | 57.38 | 134.69 | 204.18 | 248.33 |
- Mining segment continues to be the primary revenue driver, with 17.3% YoY growth.
- Power segment revenues declined, reflecting operational challenges.
Management Commentary
Roopwant Singh, IAS, Managing Director of GMDC, stated:"GMDC's strong performance in Q3 FY25 highlights our continued focus on operational efficiency and market expansion. We remain committed to leveraging our resources to drive sustainable growth and enhance stakeholder value."
Strategic Developments & Outlook
- Sustained Growth in Mining Operations – The company continues to focus on optimizing its mining processes to drive higher yields and profitability.
- Power Segment Challenges – GMDC is evaluating strategic interventions to improve its power segment performance.
- Joint Ventures & Associates – Contributions from JVs and associates remain modest, with some operational challenges noted.
Auditor's Review Report
- Dhirubhai Shah & Co LLP conducted the independent review and issued an unmodified opinion, confirming compliance with SEBI (LODR) Regulations.
Conclusion
Gujarat Mineral Development Corporation (GMDC) reported a strong Q3 FY25, supported by higher revenues, improved profitability, and robust mining segment growth. The company remains well-positioned for future expansion, with a focus on optimizing operations and addressing challenges in the power segment.Stock Performance Outlook: Investors may view GMDC’s strong financial performance as a positive indicator, with further growth potential in the coming quarters.