Gujarat Mineral Development Corporation Limited has informed the Exchange regarding Outcome of Board Meeting held on May 15, 2025.
GMDCLTD · price
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Awaiting price reaction for this filing.
GMDC's board approved audited standalone and consolidated financial results for Q4 and full year ended March 31, 2025. Standalone revenue from operations grew about 16% YoY to Rs. 2,850.84 crore (vs Rs. 2,462.88 crore in FY24), while net profit rose about 15% to Rs. 687.86 crore (vs Rs. 595.70 crore). Q4 FY25 alone saw net profit of Rs. 225.39 crore, up about 21% from Rs. 186.23 crore a year ago. Basic EPS for FY25 stood at Rs. 21.63 (vs Rs. 18.73). The board recommended a dividend of Rs. 10.10 per share (505% on face value of Rs. 2), subject to shareholder approval. Auditors Dhirubhai Shah & Co LLP issued an unmodified (clean) opinion on both standalone and consolidated results.
Steady double-digit revenue and profit growth along with a strong 505% dividend declaration is positive for shareholders and may support the stock price. Clean audit opinion and robust operating cash generation reinforce confidence in the company's financial health.