Ahmedabad: Gujarat Mineral Development Corporation Ltd, a mining PSU Enterprise and the largest lignite seller in the country, has announced its financial results for the last quarter and full year ended on March 31st 2023.

Highlights for Q4 FY23 (YoY) Standalone Financials, as per the press statement by the company

• • 0- Total income stands at Rs. 1188 crore as against Rs. 1097 crore in Q4 FY22
  • 0- Revenue from Operations stood at Rs. 952 crore as against Rs. 1057 crore in Q4 FY22
  • 0- EBITDA reported was at Rs. 456 crore as compared to Rs. 459 crore in Q4 FY22
  • 0- Profit Before Tax stands at Rs. 617 crore as against Rs. 423 crore in Q4 FY22
  • 0- Profit After Tax reported was at Rs. 451 crore as against Rs. 175 crore in Q4 FY22
• EPS stands at Rs. 14.17 (Face Value Rs.2 per share)

FY23 Vs FY22 (Standalone):

• 0- Total Income stood at Rs. 3894 crore in FY23 as against Rs. 2888 crore in FY22.
• 0- Revenues from operations were reported at Rs. 3502 crore as compared to Rs. 2732 crore in FY22; up by 28%
• 0- EBITDA stands Rs. 1557 crore in FY23, as against Rs. 834 crore in FY22. The Company’s Core EBITDA margin stood at 42%.
• 0- Profit Before Tax (PBT) stood at Rs. 1657 crore for FY23 as compared to Rs. 736 crore in FY22.The Company’s PBT margin stood at 42%.
• 0- Profit After Tax (PAT) stood at Rs. 1212 crore in FY23 as against Rs. 445 crore in FY22. The Company’s PAT margin stood at 31%.
• 0- Earnings per share (EPS) for FY23 stood at Rs. 38 (Face Value Rs. 2 per share).

Production Highlights:

• 0- Total production across all mines during FY23 was 78.21 lakh MT, against 89.47 lakhs MT in FY22
• 0- In the power segment total MU’s generated at 1142 MU in FY23 as against 923 MU in FY22 showing a growth of 24%

Commenting on the financial performance of the company, Shri Roopwant Singh, IAS, Managing Director, GMDC said, “We take immense pride in announcing that GMDC has achieved an exceptional financial performance in the fourth quarter. This remarkable achievement is a testament to our team’s dedication and unwavering commitment. 

In recognition of our record financial performance this year and as a token of appreciation to our valued shareholders, we are delighted to announce the declaration of dividend. We understand your trust and confidence in us, and we remain dedicated to maximizing returns and creating sustainable growth. We are committed to maintaining our momentum by further enhancing shareholder value in the future and will continue to drive innovation, expand our market presence, and create long-term value for all stakeholders”