Roopwant Singh
Managing Director, GMDC Ltd
Can you shed some light on your Q4FY24 results? What factors have contributed to the company's performance?
GMDC has performed its best quarter in Q4FY24 with significant growth across key financial metrics such as registering revenue of ₹751 crore (33 per cent QoQ growth), EBITDA of ₹275 crore (53 per cent QoQ growth) and PBT of ₹254 crore (58 per cent QoQ growth). As usual, lignite BU was the major contributor to our revenue. The performance was primarily driven by adopting correct price changes in line with market price trends and supply demand scenario, allowing us to optimise revenue and maintain a competitive edge along with the production of all our lignite mines being active at good quantities.
Can you provide any insight into where the mining and mineral product sector is in terms of the cycle?
The Indian mining and mineral products sector is currently in a robust growth phase. Production levels are rising, with iron ore increasing by 10 per cent, fuelled by the booming steel industry.
Non-ferrous metals like bauxite and copper have also seen growth. The market prices for iron ore have stabilised, while base metals such as copper and aluminium are trending upwards due to strong industrial demand.
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Denne historien er fra July 1, 2024-utgaven av Dalal Street Investment Journal.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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