
Gujarat Mineral Development Corporation consolidated net profit rises 20.82% in the March 2025 quarter
Sales rise 4.80% to Rs 786.28 crore
Net profit of Gujarat Mineral Development Corporation rose 20.82% to Rs 226.22 crore in the quarter ended March 2025 as against Rs 187.24 crore during the previous quarter ended March 2024. Sales rose 4.80% to Rs 786.28 crore in the quarter ended March 2025 as against Rs 750.27 crore during the previous quarter ended March 2024.
For the full year,net profit rose 14.80% to Rs 685.79 crore in the year ended March 2025 as against Rs 597.36 crore during the previous year ended March 2024. Sales rose 15.75% to Rs 2850.84 crore in the year ended March 2025 as against Rs 2462.88 crore during the previous year ended March 2024.
Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 786.28750.27 5 2850.842462.88 16 OPM % 24.6225.13 - 22.3624.74 - PBDT 311.71259.57 20 990.02877.91 13 PBT 285.08237.51 20 894.65798.13 12 NP 226.22187.24 21 685.79597.36 15

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
15 minutes ago
- Time of India
Solar body urges govt to extend transmission fee waiver for delayed projects
The National Solar Energy Federation of India ( NSEFI ) has urged the government to protect the viability of numerous renewable energy projects facing risks from delays beyond the control of developers, according to a person familiar with the matter. In the letter to the advisor to the Prime Minister's Office, the federation urged that the Inter-State Transmission System (ISTS) charges waiver be extended to projects getting commissioned by June 2026 and meeting a specific criterion relating to connectivity application status, financial closure, land acquisition beyond the 50 per cent threshold, and if orders for equipment have been made. The federation, representing a broad spectrum of stakeholders across the solar value chain, stated that while the ISTS waiver, originally announced by the Ministry of Power (MoP), has played a "pivotal role in making renewable power more competitive", its delayed implementation by the Central Electricity Regulatory Commission (CERC) in February 2023 left many developers in a limbo. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Unsold Container Homes in North Cotabato - Prices You Won't Believe! Shipping Container Homes | Search Ads Search Now Undo Also Read: NTPC Group starts Nokh Solar PV Project, total capacity reaches 80,708 MW ISTS charges are the fees levied for using the transmission infrastructure to move electricity between states. They are imposed to cover the costs relating to building and maintaining transmission lines and other infrastructure required for interstate electricity transfer. According to an energy expert, industry estimates state that renewable energy projects of nearly Rs 5 lakh crore would be impacted if the waiver of ISTS charges is not extended. Live Events "Several RE developers made early investments, securing land, achieving financial closure, and signing definitive agreements based on the original MoP notification," the federation said. However, due to aspects like the nearly two-year lag in CERC's ratification and other uncontrollable factors, these developers are now at risk of missing the commissioning deadline of June 30, 2025, making them ineligible for the waiver. The federation flagged multiple aspects, including prolonged approvals under Section 68(1) of the Electricity Act due to an ongoing Supreme Court case on Great Indian Bustard conservation, delay in transmission planning and connectivity effectiveness, and delayed commissioning of critical transmission infrastructure. "Several developers applied for ISTS connectivity well before June 2023, in line with the ISTS waiver policy timelines. However, the effectiveness dates for granted connectivity are being issued much later, often in 2026 or 2027, due to delays in transmission system planning and execution," the federation said. The federation has proposed a milestone-based eligibility framework for the waiver. It has recommended that projects that had applied for transmission connectivity on or before June 30, 2023, achieved financial closure, acquired at least 50 per cent of the land required for their development, and placed orders for wind turbine generators and/or inverters must be considered for the purpose of availing the ISTS waiver. It argued that the approach is consistent with CERC's regulations and recent Ministry of Power notifications granting waiver flexibility to pumped storage and battery storage projects. "The proposed eligibility criteria will ensure that only serious and committed renewable energy developers, who had factored the ISTS waiver into their project design and commercial commitments, benefit from this extension," the federation said.


Time of India
15 minutes ago
- Time of India
Realty, renewables, roads to see Rs 17.5 lakh cr investment boost
India's real estate sector is undergoing a strategic transformation, led by sustained demand for premium housing and a rising influx of Global Capability Centres (GCCs) in commercial spaces. This realignment is unfolding alongside robust capital deployment, with real estate, renewables, and roads expected to attract cumulative investments of nearly Rs 17.5 lakh crore over this fiscal and the next—marking a 15% annual increase from Rs 13.3 lakh crore in the previous two years, according to Crisil Ratings . In residential real estate, sales and collections remain healthy, but a wave of new launches is pushing up inventory. After touching a low of 2.7 years in FY24, inventory is projected to rise to 2.9–3.1 years this fiscal. Yet, developer revenues are expected to grow at a steady 10–12% annually, underpinned by sustained demand for premium projects. Commercial real estate, buoyed by India's continued cost advantage and steady expansion of domestic sectors, is seeing stable momentum. Net leasing is expected to grow 7–9% this fiscal and the next, with annual demand projected to cross 50 million sq ft by FY27. 'What remains constant across these three sectors is the strong investment growth,' said Krishan Sitaraman , Chief Ratings Officer, Crisil Ratings. 'While adapting to the new business dynamics will pose some challenges, credit profiles of Crisil-rated developers and projects would remain resilient.' While the real estate sector evolves, the renewable energy and roads sectors are witnessing their own shifts. Renewables are moving towards hybrid and storage-linked capacities, with 37% of 75 GW planned additions over two years expected from hybrid sources—up from 14% earlier. Roads, meanwhile, are betting on monetisation, with NHAI's asset base of Rs 3.5–4 lakh crore helping raise its monetisation share from 14% to 18%. However, each sector faces challenges. In real estate, excess supply could lead to higher debt. In renewables, transmission capacity may lag installations. Roads may see monetisation delays due to approval or valuation hurdles. Yet, balance sheets remain healthy. Manish Gupta, Deputy Chief Ratings Officer, Crisil Ratings, said, 'Cumulatively Rs 2.1 lakh crore of equity capital has been deployed in these sectors over the past two fiscals, supporting credit profiles.' With InvITs and REITs strengthening funding frameworks, and strong operating cash flows across sectors, India's infrastructure story is expected to remain resilient, even as global and execution-related risks bear watching.


Business Standard
34 minutes ago
- Business Standard
Zaggle buys two companies in a single day, pumps Rs. 150 crore
PRNewswire Mumbai (Maharashtra) [India], June 9: Zaggle Prepaid Ocean Services Limited, India's leading spend management company, is set to acquire a 100% stake in Dice and GreenEdge Enterprises for Rs150 crore. These consecutive acquisitions will enhance Zaggle's presence in the Indian market, significantly broaden its portfolio of advanced spend management solutions and further strengthen its offerings in the loyalty, rewards and travel segments. The company is set to acquire a 100% stake in Dice and GreenEdge. The company has made four acquisitions in the last four months, infusing about Rs. 215 crore. With this acquisition, Zaggle has completed four strategic takeovers in the past four months, totalling nearly Rs215 crore. These moves align with the company's ambition to become a $1 billion revenue enterprise within the next five to seven years. Zaggle is strategically deploying the Rs595 crore raised through its Qualified Institutional Placement (QIP) to acquire companies that are product-accretive, geography-accretive, or EBITDA-accretive, while ensuring sustained positive returns on equity and investments. Incorporated in 2018, Dice is a Pune-based AI-driven enterprise spend management platform, specializing in Spending as a Service. Its suite of solutions encompasses travel and expense management, accounts payable management and procurement management solutions. Its unified platform offers seamless self-booking, approvals and reconciliations with built-in policy controls, streamlining the entire spend cycle for businesses. The company has demonstrated consistent growth over the last two years, clocking a turnover of over Rs. 6 crores in FY24. The acquisition of Dice will significantly enhance Zaggle's existing product portfolio, transforming it into a more comprehensive and integrated suite of spend management solutions. Through this acquisition, Zaggle will gain access to Dice's established customer base, which includes prominent enterprises such as Tata AIA, Bajaj Electricals and DTDC, further reinforcing its market presence. The combined capabilities will not only deepen Zaggle's reach within the Indian market but also create new opportunities to deliver its advanced solutions on a global scale. GreenEdge Enterprises, on the other hand, is a specialized solution provider for golf travel, unique experiences and access-based rewards. With its stronghold in India, the company achieved a turnover of Rs. 19.82 crores in FY24. This acquisition will enhance Zaggle's product offerings in the loyalty and rewards and travel segment, providing a substantial boost to its Propel offering. Zaggle had recently announced the acquisition of a 51% Controlling Stake in EffiaSoft and a 38.34% stake in Mobileware Technologies. The company had recently reported a consolidated profit after tax (PAT) of Rs. 87.4 crore for FY25, up from Rs. 44 crore in FY24. About Zaggle Founded in 2011, Zaggle (BSE: 543985) (NSE: ZAGGLE) is a leading player in spend management, offering a differentiated value proposition with a diversified user base. Operating within the business-to-business-to-customer (B2B2C) segment, Zaggle stands out as one of the few companies with a comprehensive range of financial technology products and services. Zaggle is one of India's top issuers of prepaid cards, collaborating with banking partners to drive its card offerings. The company also boasts a diverse portfolio of SaaS products and an extensive network of touchpoints. As of March 31, 2025, Zaggle has issued over 50 million prepaid cards, serves more than 3,400 corporate enterprise clients and supports a user base exceeding 3.2 million. With a robust corporate client base spanning various industries, including banking and finance, technology, healthcare, manufacturing, FMCG, infrastructure and automobiles, Zaggle is well-positioned as a leading player in the spend management sector.