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Gujarat Mineral Development Corporation Ltd Q1FY24; 37% fall in Profits

Gujarat Mineral Development Corporation is primarily engaged in 2 sectors i.e. mining and power. Its projects include Lignite, Bauxite, Fluorspar, Multi-Metal, Manganese, Power, Wind and Solar.

Financial Results:

  • Gujarat Mineral Development Corporation Ltd reported Revenues for Q1FY24 of ₹766.00 Crores down from ₹1,155.00 Crore year on year, a fall of 33.68%.
  • Total Expenses for Q1FY24 of ₹539.00 Crores down from ₹737.00 Crores year on year, a fall of 26.87%.
  • Consolidated Net Profit of ₹219.00 Crores down 36.52% from ₹345.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹6.88, down 36.59% from ₹10.85 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Minerals
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