Mumbai, Feb. 13 -- EBITDA stood at Rs 221 crore in Q3 FY25, registering a decline of 33.23% compared to Rs 331 crore reported in the corresponding quarter of the previous year. EBITDA margin reduced to 17% in Q3 FY25 as compared to 25% recorded in Q3 FY24.

The fall in EBITDA and PAT was due to lower production volumes of iron ore and pellets, as well as a decrease in realizations of almost all products, except ferro alloys.

Profit before tax in Q3 FY25 was at Rs 191.76 crore, down 35.31% as against Rs 296.44 crore reported in the same period a year ago.

B.L. Agrawal, chairman and managing director, commenting on results, said, "GPIL has delivered consistent performance over the past nine months, despite experiencing lower realizations....