GMDC Q3 Results: Profit Rises 26% to Rs 148 Crore
Gujarat Mineral Development Corp. (GMDC), one of India's leading mining and mineral processing companies, has reported a 26.3% increase in consolidated profit for the third quarter of fiscal year 2025 (Q3 FY25).
Financial Performance Overview
For the quarter ended December 2024, GMDC reported a consolidated profit of Rs 147.66 crore, up from Rs 116.83 crore in the same period last year. The company's total income for the quarter also increased to Rs 767.92 crore, compared to Rs 624.51 crore in the year-ago period.
Business Operations
GMDC is a major player in the mining and mineral processing sector, with a diverse portfolio that includes the exploration of bauxite, manganese, silica sand, and limestone. These minerals find applications across various industries, including the manufacturing of hydrofluoric acid, water purification, glass and ceramic ware production, and oil drilling.
In addition to its mining operations, GMDC has a significant presence in the energy sector. The company's diversified portfolio includes thermal power projects and renewable power generation projects, encompassing both wind and solar power.
GMDC's strong Q3 FY25 results reflect the company's robust operational performance and its position as a key player in both the mining and energy sectors. The increase in profit and total income underscores the company's ability to capitalize on the demand for its minerals and its growing presence in the energy market.
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