{"id":137256,"date":"2024-10-23T14:41:31","date_gmt":"2024-10-23T09:11:31","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=137256"},"modified":"2024-10-23T15:54:26","modified_gmt":"2024-10-23T10:24:26","slug":"psu-stock-jumps-14-after-companys-net-profit-increases-by-72-yoy","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/psu-stock-jumps-14-after-companys-net-profit-increases-by-72-yoy\/","title":{"rendered":"PSU stock jumps 14% after company&#8217;s net profit increases by 72% YoY"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2976846471\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>PSU stock engaged in exploration, mining, and mineral processing along with the generation of power jumped upto 14 percent in the day\u2019s trade upon declaring robust Q2FY25 results with a 72 percent jump in Net Profits.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-104523185\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Price Action&nbsp;<\/strong><\/h2><p>With a market capitalization of Rs. 11,514 Crores, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stocks\/GMDCLTD\" target=\"_blank\" rel=\"noreferrer noopener\">Gujarat Mineral Development Corporation Limited<\/a><\/strong> were trading at Rs. 362.05 per equity share, up 10 percent from its previous day\u2019s close price of Rs. 328.65&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Q2FY25 Results&nbsp;<\/strong><\/h2><p>Its Revenue from operations grew by 55 percent YoY from Rs. 382.74 Crores in Q2FY24 to Rs. 593.01 Crores in Q2FY25 and it declined by 28 percent QoQ from Rs. 818.13 Crores in Q1FY25 to Rs. 593.01Crores in Q2FY25.&nbsp;<\/p><p>Its Net Profit grew by 72 percent YoY from Rs. 74.58 Crores in Q2FY24 to Rs. 127.86 Crores in Q2FY25 and it declined by 31 percent QoQ from Rs. 184.05 Crores in Q1FY25 to Rs. 127.86 Crores in Q2FY25. Its Net Profit Margin increased from 16.22 percent in Q2FY24 to 19.50 percent in Q2FY25.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1623708204\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the Company&nbsp;<\/strong><\/h2><p>Gujarat Mineral Development Corporation Limited is a mining and mineral processing company engaged in the exploration and supply of lignite, bauxite, fluorspar, manganese, silica sand, limestone, bentonite, and many more. It operates through two segments Mining and Power.&nbsp;<\/p><p>Coming to the revenue distribution Gujarat Mineral Development Corporation Limited generates 90 percent of its revenue from Mining Operations, and the rest 10 percent is derived from operations in Power.&nbsp;<\/p><p>It has ambitious capex plans exceeding Rs. 3,000 crores for FY 25, with similar amounts planned for the following years, with Major allocations for new lignite projects, operationalizing coal blocks in Odisha, and investments in critical minerals.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading has-medium-font-size\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing<\/strong>.<\/p><div class=\"trade-after-content\" id=\"trade-530572864\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>PSU stock engaged in exploration, mining, and mineral processing along with the generation of power jumped upto 14 percent in the day\u2019s trade upon declaring robust Q2FY25 results with a 72 percent jump in Net Profits.\u00a0 Price Action&nbsp; With a market capitalization of Rs. 11,514 Crores, the shares of Gujarat Mineral Development Corporation Limited were [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":97870,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[18736,15868,15194,3601,948,936,2597],"class_list":["post-137256","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-gujarat-mineral-development-corporation","tag-gujarat-mineral-development-corporation-latest-news","tag-gujarat-mineral-development-corporation-share-price","tag-psu-stock","tag-stock-market","tag-stock-market-news","tag-stocks-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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