Quarterly Result: Gujarat Mineral Development Corporation Ltd
Bhagyashree Vivarekar / 13 Dec 2016
Gujarat Mineral Development Corporation Ltd., is currently trading at Rs. 101.05, down by 1.75 points or 1.7% from its previous closing of Rs. 102.8 on the BSE. The company's net profit has surged 10.1% yoy to Rs 72.9 cr, majorly due to 40.5% yoy increase in other income.
Technical View:
Gujarat Mineral Development Corporation Ltd., is currently trading at Rs. 101.05, down by 1.75 points or 1.7% from its previous closing of Rs. 102.8 on the BSE.
The scrip has touched a high and low of Rs. 104.3 and Rs. 100.5 respectively, after opening at 103. Altogether 577165(NSE+BSE) shares have been traded on the counter so far; and the stock is currently trading above its 50 DMA.
Standalone Results Q2FY17:
GMDC Ltd’s Q2FY17 numbers have come in as a mixed bag in comparison with Bloomberg estimates. Revenue has come in 9.9% lesser than the estimate of Rs 275 cr. EBITDA margin is greater by 728 bps from the estimate of 10.3%. Net profit is 9.8% greater than the estimated figure of Rs 66 cr.
The quarter's revenue has marginally dropped 2.4% yoy to Rs 248 cr.
GMDC's EBITDA has fallen by 7.7% yoy to Rs 65.7 cr while EBITDA margins have depleted by 151 bps yoy to 26.5%, triggered by 23.5% yoy surge in plant operation charges.
The company's net profit has surged 10.1% yoy to Rs 72.9 cr, majorly due to 40.5% yoy increase in other income.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.