At the operating level, EBITDA slipped 19.8% to ₹170 crore in the June quarter over ₹212 crore in Q1FY25. The EBITDA margin stood at 23.2%, down from 25.9% in the year-ago quarter. Shares of Gujarat Mineral Development Corporation Ltd ended at ₹434.10, down by ₹18.10 or 4.00% on the BSE.
State-owned Gujarat Mineral Development Corporation Ltd (GMDC) on Friday, July 25, reported a 10.8% year-on-year decline in net profit at ₹164 crore for the first quarter ended June 30. The company had posted a net profit of ₹184 crore in Q1 of the previous fiscal.
Revenue from operations dipped 10.5% to ₹732 crore against ₹818 crore a year ago.
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At the operating level, EBITDA slipped 19.8% to ₹170 crore in the June quarter over ₹212 crore in Q1FY25. The EBITDA margin stood at 23.2%, down from 25.9% in the year-ago quarter.
The results came after the close of the market hours. Shares of Gujarat Mineral Development Corporation Ltd ended at ₹434.10, down by ₹18.10 or 4%, on the BSE.
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(Edited by : Shoma bhattacharjee)
