Stock Report

Gujarat Mineral Development Corporation Ltd consolidated Q2FY24 PAT declines to Rs. 74.58 crores



Posted On : 2023-11-02 08:58:07( TIMEZONE : IST )

Gujarat Mineral Development Corporation Ltd consolidated Q2FY24 PAT declines to Rs. 74.58 crores

Gujarat Mineral Development Corporation Limited has reported Consolidated financial results for the period ended September 30, 2023.

Financial Results (Q2 FY2024) - QoQ Comparison

The company has reported total income of Rs. 459.7412 crores during the period ended September 30, 2023 as compared to Rs. 826.7681 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. 74.5871 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. 218.7023 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. 2.35 for the period ended September 30, 2023 as compared to Rs. 6.88 for the period ended June 30, 2023.

Financials Q2 FY2024 Q1 FY2024 % Change
Total Income ₹ 459.7412 crs ₹826.7681 crs Up Tick / Down Tick-44.39%
Net Profit ₹74.5871 crs ₹218.7023 crs Up Tick / Down Tick-65.90%
EPS ₹2.35 ₹6.88 Up Tick / Down Tick-65.84%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs. 459.7412 crores during the period ended September 30, 2023 as compared to Rs.591.4562 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.74.5871 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.151.2212 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.2.35 for the period ended September 30, 2023 as compared to Rs.4.76 for the period ended September 30, 2022.

Financials Q2 FY2024 Q2 FY2023 % Change
Total Income ₹ 459.7412 crs ₹591.4562 crs Up Tick / Down Tick-22.27%
Net Profit ₹74.5871 crs ₹151.2212 crs Up Tick / Down Tick-50.68%
EPS ₹2.35 ₹4.76 Up Tick / Down Tick-50.63%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.1286.5093 crores during the 6 Months period ended September 30, 2023 as compared to Rs.1794.5139 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.293.2894 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.496.1665 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.9.22 for the 6 Months period ended September 30, 2023 as compared to Rs.15.60 for the 6 Months period ended September 30, 2022.

Financials Half Year Ended FY2024 Half Year Ended FY2023 % Change
Total Income ₹1286.5093 crs ₹1794.5139 crs Up Tick / Down Tick-28.31%
Net Profit ₹293.2894 crs ₹496.1665 crs Up Tick / Down Tick-40.89%
EPS ₹9.22 ₹15.60 Up Tick / Down Tick-40.90%

Shares of Gujarat Mineral Development Corporation Limited was last trading in BSE at Rs. 350.95 as compared to the previous close of Rs. 357.80. The total number of shares traded during the day was 508240 in over 9689 trades.

The stock hit an intraday high of Rs. 361.15 and intraday low of 342.30. The net turnover during the day was Rs. 179084340.00.

Source : Equity Bulls

Keywords

GujaratMineralDevelopmentCorporation Q2FY24 H1FY24 ResultUpdate GMDC