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Gujarat Mineral Development Corporation Ltd Q2FY24; 50% 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 Q2FY24 of ₹383.00 Crores down from ₹539.00 Crore year on year, a fall of 28.94%.

Total Expenses for Q2FY24 of ₹351.00 Crores down from ₹388.00 Crores year on year, a fall of 9.54%.

Consolidated Net Profit of ₹75.00 Crores down 50.33% from ₹151.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹2.35, down 50.63% from ₹4.76 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: Energy
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