GMDC Q1FY25 Revenue Up 9% to Rs. 818 Crore
GMDC’s revenue for Q1 FY25 increased by 9% to ₹818 crore, with PAT at ₹185 crore, driven by higher lignite production and significant gains in thermal and wind project revenues.
by Damodharan N
Updated Jul 27, 2024
Table of Content
Gujarat Mineral Development Corporation Ltd. (GMDC), a prominent public sector enterprise in India's mining sector, has reported its financial results for the first quarter of FY25. The company has achieved a notable 9% increase in revenue, reaching ₹818 crore, compared to ₹751 crore in the previous quarter, Q4FY24.
For Q1 FY25, GMDC's EBITDA stood at ₹271 crore, while the Profit Before Tax (PBT) was ₹250 crore. The company's Profit After Tax (PAT) was reported at ₹185 crore.
In terms of production, GMDC saw significant growth in its lignite production, which rose by 26% to 22.96 lakh metric tons (MT) from 18.27 lakh MT in Q1FY24. The sales value of lignite also increased by 6% to ₹753 crore. Bauxite production grew by 5% to 0.77 lakh MT, with sales value up 8% to ₹17 crore.
Revenue from GMDC's thermal projects surged by 65% to ₹28 crore, compared to ₹17 crore in Q4FY24. Revenue from wind projects also saw a substantial increase of 67%, reaching ₹40 crore, up from ₹24 crore in the previous quarter.
Shri Roopwant Singh, IAS, Managing Director of GMDC, commented on the results: "Q1 FY25 was a crucial quarter for GMDC. Our strategic initiatives and hard work have led to a remarkable revenue increase. We remain committed to sustainable growth and building strong partnerships to deliver value for our shareholders and the communities we serve."
GMDC's impressive financial performance highlights its successful execution of strategic plans and its focus on expanding its production and revenue streams.
Source: Here
GMDC Q1FY25 Results
Gujarat Mineral Development Corporation Ltd. (GMDC), a major public sector enterprise in India’s mining sector, has announced its financial results for the first quarter of FY25.
- Revenue from Operations: ₹818 crore for Q1 FY25, up 9% from ₹751 crore in Q4 FY24.
- Highest Q1 Revenue: This figure is the second highest revenue GMDC has achieved for Q1.
- EBITDA: ₹271 crore for Q1 FY25.
- Profit Before Tax (PBT): ₹250 crore for Q1 FY25.
- Profit After Tax (PAT): ₹185 crore for Q1 FY25.
In addition to strong financial results, GMDC made significant strides in its operations. The company signed a Memorandum of Understanding (MOU) with Gujarat Urja Vikas Nigam Ltd (GUVNL) to supply coal and lignite to power plants from its new coal blocks in Odisha and new lignite mines in Gujarat. GMDC also received approval from the Gujarat Electricity Regulatory Commission (GERC) for an amendment to its Power Purchase Agreement with GUVNL, which will have a yearly financial impact of ₹33 crore.
Furthermore, GMDC has been declared the preferred bidder for the "Kudanali – Lubri" coal mine in Odisha, which has a geological resource of 396.10 million metric tons (MMT).
These developments underscore GMDC’s ongoing efforts to enhance its operational capabilities and expand its resource base, solidifying its position as a leading player in the mining industry.
GMDC
Gujarat Mineral Development Corporation Ltd. (GMDC) is a leading Indian mining and mineral processing company, known for its lignite production, which makes it the second-largest lignite producer in India.
Operating for over fifty years, GMDC is a zero-debt company and ranks 469th among India’s Fortune 500 Companies. Besides lignite, GMDC explores and processes other minerals like bauxite, fluorspar, and manganese, which are used in various industries.
The company is also involved in energy generation through thermal, wind, and solar power, having produced over 2.5 million MWh of green energy. GMDC is focusing on expanding its operations by exploring new markets and diversifying its portfolio, including investments in silica sand and cement-grade limestone for future growth.
GMDC Q1FY25 Revenue Up 9% to Rs. 818 Crore - FAQs
1. What was GMDC’s revenue for Q1 FY25?
GMDC’s revenue for Q1 FY25 was ₹818 crore.
2. How much did GMDC’s revenue increase from Q4 FY24 to Q1 FY25?
Revenue increased by 9% from ₹751 crore in Q4 FY24 to ₹818 crore in Q1 FY25.
3. What was GMDC’s Profit After Tax (PAT) for Q1 FY25?
GMDC’s PAT for Q1 FY25 was ₹185 crore.
4. How much did GMDC’s EBITDA stand at for Q1 FY25?
GMDC’s EBITDA for Q1 FY25 was ₹271 crore.
5. What was GMDC’s Profit Before Tax (PBT) for Q1 FY25?
GMDC’s PBT for Q1 FY25 was ₹250 crore.
6. What was the percentage increase in GMDC’s lignite production in Q1 FY25 compared to Q1 FY24?
Lignite production increased by 26% in Q1 FY25 compared to Q1 FY24.
7. How much did GMDC’s lignite production grow to in Q1 FY25?
GMDC’s lignite production grew to 22.96 lakh metric tons (MT) in Q1 FY25.
8. What was the sales value of GMDC’s lignite in Q1 FY25?
The sales value of GMDC’s lignite was ₹753 crore in Q1 FY25.
9. What percentage did GMDC’s bauxite production increase in Q1 FY25?
Bauxite production increased by 5% in Q1 FY25.
10. How much did GMDC’s bauxite production grow to in Q1 FY25?
GMDC’s bauxite production grew to 0.77 lakh MT in Q1 FY25.
11. What was the sales value of GMDC’s bauxite in Q1 FY25?
The sales value of GMDC’s bauxite was ₹17 crore in Q1 FY25.
12. How much did revenue from GMDC’s thermal projects increase in Q1 FY25?
Revenue from thermal projects surged by 65% in Q1 FY25.
13. What was the revenue from GMDC’s thermal projects in Q1 FY25?
The revenue from GMDC’s thermal projects was ₹28 crore in Q1 FY25.
14. What percentage did revenue from GMDC’s wind projects increase in Q1 FY25?
Revenue from wind projects increased by 67% in Q1 FY25.
15. What was the revenue from GMDC’s wind projects in Q1 FY25?
The revenue from GMDC’s wind projects was ₹40 crore in Q1 FY25.
16. What significant operational agreement did GMDC sign recently?
GMDC signed an MOU with Gujarat Urja Vikas Nigam Ltd (GUVNL) to supply coal and lignite.
17. What is the financial impact of the Power Purchase Agreement amendment approved by GERC?
The amendment will have a yearly financial impact of ₹33 crore.
18. Which coal mine was GMDC declared the preferred bidder for?
GMDC was declared the preferred bidder for the "Kudanali – Lubri" coal mine in Odisha.
19. What is the geological resource of the Kudanali – Lubri coal mine?
The Kudanali – Lubri coal mine has a geological resource of 396.10 million metric tons (MMT).
20. How does GMDC’s PAT in Q1 FY25 compare to the previous quarter?
GMDC’s PAT in Q1 FY25 is higher than in the previous quarter.
21. What was GMDC’s PAT in Q4 FY24?
The PAT for Q4 FY24 is not provided in the given information.
22. How much green energy did GMDC generate over the years?
GMDC has generated over 2.5 million MWh of green energy.
23. What is GMDC’s rank among India’s Fortune 500 Companies?
GMDC is ranked 469th among India’s Fortune 500 Companies.
24. What minerals does GMDC explore and process besides lignite?
GMDC explores and processes bauxite, fluorspar, manganese, and other minerals.
25. How does GMDC’s revenue for Q1 FY25 compare to its historical performance?
Q1 FY25 revenue is the second highest for GMDC for Q1.
26. What strategic initiatives did GMDC undertake in Q1 FY25?
GMDC focused on expanding production and diversifying its portfolio.
27. What role does GMDC play in the energy sector?
GMDC is involved in thermal, wind, and solar power generation.
28. How much did GMDC’s revenue from thermal and wind projects increase by total?
Total revenue from thermal and wind projects increased by 65% and 67% respectively.
29. What steps is GMDC taking to enhance its operational capabilities?
GMDC is working with consultancies and project management experts.
30. What are GMDC’s future plans for its silica sand and bauxite projects?
GMDC plans to explore new avenues and add value to silica sand and bauxite projects.