Gujarat Mineral Development Corporation Ltd (GMDC) reported its financial results for Q2 FY25, with a revenue of ₹593.01 crore, reflecting a 55% increase compared to ₹382.74 crore in Q2 FY24. However, on a quarter-on-quarter (QoQ) basis, revenue remained flat at ₹593.01 crore, down from ₹818.13 crore in the previous quarter.
Net profit for the quarter stood at ₹127.86 crore, marking a 71% year-on-year (YoY) growth from ₹74.58 crore in Q2 FY24. However, compared to the previous quarter (Q1 FY25), net profit declined from ₹184.05 crore.
