Financial Profile


F.Y 2022-23



During the year 2022-23, HGML’s Gold production was 1.41 tonnes with a corporate income of Rs.82873.54 lakhs and the paid-up share capital of HGML as on march 31st 2023 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. 26786.02 lakhs (before tax) for the year ended march 31st, 2023.


Highlights of the year ended 31st March 2023:


  • The quantity of ore milled/treated was 6,05,976 MTs as against 4,78,514 MTs in FY 2021-22.
  • The quantity of gold produced was 1411.42 kgs as against 1236.81 kgs in FY 2021-22.
  • The turnover/sale of Gold & Silver aggregated to Rs.77057.67 lakhs as against Rs.58199.75 lakhs in FY 2021-22.
  • The Wind energy generated and sold was 218.34 lakhs KWH as against to 208.08 lakhs KWH in FY 2021-22.
  • The Earnings before interest, Depreciation & Tax (EBIDT) amounted to Rs. 28637.28 lakhs as against to Rs. 17241.41 lakhs in FY 2021-22.
  • The net profit after tax was Rs.19783.52 lakhs. as compared to Rs.1116.31 lakhs in previous year.

Last Updated: 27-01-2024 10:55 AM Updated By: Admin

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