GMDC Q1 FY25, net profit dips 16% to Rs 184 crore
The revenue from thermal projects increased by 65 percent in the first quarter of financial year 2025 to Rs 28 crore, as against Rs 17 crore in the fourth quarter of 2024, the company said.
Gujarat Mineral Development Corporation Ltd has reported a decline of 15.9 % in net profit at Rs184 crore for the first quarter of FY25.
GMDC posted a net profit of Rs 218 crore in the corresponding previous year, the company said in a filing with the stock exchanges. The company’s revenue from operations stood at Rs 818 crore, up 6.9 percent against Rs 765 crore in the previous fiscal year.
Lignite production in the first quarter of financial year 2025 was 22.96 lakh mt, against 18.27 lakh mt in the first quarter of the previous year, up 26 per cent. Similarly, the value of lignite sales stood at Rs 753 crore during the first quarter, up 6 percent, compared to Rs 709 crore in the same period, last year.
Read Also : Karur Vysya Bank reaches new milestone, inaugurates 850th branchBauxite production during the first quarter was 0.77 lakh mt, against 0.73 lakh mt in the first quarter of the 2024 fiscal, up 5 percent. Similarly, the value of bauxite sales stood at Rs 17 crore in the first quarter of the 2025 fiscal, up 8 percent, compared to Rs 16 crore in the same period, last fiscal.
The revenue from thermal projects increased by 65 percent in the first quarter of financial year 2025 to Rs 28 crore, as against Rs 17 crore in the fourth quarter of 2024, the company said.
Read Also : Public Sector Banks show strong performance in First Half of FY 2024-25News Must Read
- Public Sector Banks show strong performance in First Half of FY 2024-25
- Power Grid acquires transmission Project in Rajasthan through TBCB
- BHEL bags contract from NTPC for supercritical thermal power plant
- NBCC shares up 0.74%, bags multiple construction orders worth Rs 448.74 crore
- Justice Sanjiv Khanna takes oath as 51st Chief Justice of India
- Power Minister Congratulates NTPC for its contribution in power sector
- NALCO to announce dividend on 13 November
- WCL CMD bags title 'CEO of the Year'
- HPCL shares decline, see performance and future plans
- BEL Director (R&D) Job Vacancy: Check Last Date to apply, Pay Scale