Financial Profile (Provisional)
FINANCIAL PROFILE:
During the year 2019-20, HGML's Gold production was 1.72 tonnes of gold with a corporate turn over of Rs:76,966.73 lakhs the paid-up share capital of HGML as on march 31st 2020 is Rs 296.20 lakhs. The Government of karnataka and other government companies hold 98.81% paid-up capital of HGML,which earned a profit of Rs. 26,914.22 lakhs(before tax) for the year ended march 31st,2020.
Highlights of the year ended 31st March 2020::
- The quantity of ore milled/treated was 6,38,540 MTs as against as 5,87,365 MTs in FY 2018-19 thereby an increase of 51,175 MTs.
- The quantity of gold produced was 1,724.64 kgs as against to 1,663.170 kgs in FY 2018-19, with an increase of 61.47 kgs (3.70%).
- The turnover/sale of Gold & Silver aggregated to Rs.70,683.80 lakhs as against to Rs.49,577.61 lakhs in FY 2018-19, with an increase of 21,106.19 lakhs (42.57%). The increase is mainly due to increase in gold sale quantity by 21.13% together with increase in average sale price by 17.70%.
- The Wind energy generated and sold was 229.3 lakhs KWH as against to 228.91 lakhs KWH in FY 2018-19 with marginal incearse of 0.17%. Consequently, the turnover on sale of wind energy was Rs. 779.62 lakhs as against to Rs.778.31 lakhs in FY 2018-19. The rate per KWH was Rs.3.40 as in the last year.
- The Earnings before interest, Depreciation & Tax (EBIDT) amounted to Rs.28,867.55 lakhs as against to Rs. 14897.67 lakhs in FY 2018-19, increase of Rs. 13,969.88 lakhs (93.77%). The increase is mainly due higher volume sales during the year.
- The net profit after tax was Rs.17,524.31 lakhs. (Total Comprehensive Income Rs. 15,167.93 Lakhs) as compared to Rs.8,034.29 lakhs (Total Comprahensive Income Rs. 8.049.85 Lakhs) in previous year.