GMDC

GMDC, a debt free PSU, is into mining, mainly lignite and power generation posted exceedingly good numbers for Q4FY17, driven mainly by strong topline. Notwithstanding the 32% (YoY) increase in total costs, the 49% rise in total income helped the company end the quarter with a 2.3 times rise in net profit at Rs.90 crore v/s Rs.39 crore in previous Q4. 80% of its income comes from mining and 20% from power.

The company ended FY17 also on a strong note with a 48% increase in consolidated net profit at Rs.324 crore. Its lignite sales volumes was at 76.5 lakh tonne and plant load factor (PLF) for the power business stood at 64% for FY17.

The company’s equity stands at Rs.64 crore and EPS for the year was at Rs.10.19 (FV of Rs.2). Reserve is strong at Rs.3944 crore.