Gujarat Mineral Development (GMDCLTD) Q3 24/25 earnings summary

Executive summary

• Achieved third highest ever Q3 revenue at ₹655 Cr and second highest 9-month revenue at ₹2,065 Cr.

• Unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2024, were approved by the Board on January 31, 2025.

• Both revenue and net profit showed strong year-over-year growth for the quarter and nine-month periods.

• Third highest PBT for 9 months at ₹612 Cr, reflecting strong operational performance.

Financial highlights

• Q3 gross sales rose 16% year-over-year to ₹655 Cr; net sales at ₹653 Cr, up 16%.

• Q3 total revenue increased 23% to ₹768 Cr; EBITDA grew 15% to ₹207 Cr.

• 9M gross sales up 21% to ₹2,068 Cr; net sales at ₹2,065 Cr, up 21%.

• Standalone total income for Q3 FY25 was ₹653.41 crore, up from ₹564.27 crore in Q3 FY24; nine-month income reached ₹2,064.55 crore, up from ₹1,712.60 crore year-over-year.

• Standalone net profit after tax for Q3 FY25 was ₹148.72 crore, up from ₹117.48 crore in Q3 FY24; nine-month net profit was ₹462.47 crore, up from ₹409.46 crore year-over-year.

Segment performance

• Mining segment contributed the majority of revenue and operating results, with Q3 mining revenue at ₹650 Cr and PBT at ₹178 Cr; 9M revenue at ₹2,009 Cr, PBT at ₹582 Cr.

• Power segment revenue for Q3 FY25 was ₹26.23 crore, with a segment loss of ₹13.18 crore; ATPS (thermal power) and renewable energy segments reported losses at PBT level in Q3 and 9M.

• Lignite mining Q3 sales volume up 19% and value up 16% year-over-year; 9M sales volume up 35% and value up 23%.

• Bauxite mining Q3 sales volume up 143% and value up 80%; 9M sales volume up 17% and value up 7%.

• Corporate segment contributed positively to PBT in both Q3 and 9M.