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Gujarat Mineral Development Corporation (GMDC) has reported results for second quarter ended September 30, 2014.

The company has registered 19.04% rise in its net profit at Rs 55.14 crore for the quarter under review as compared to Rs 46.32 crore for the same quarter in the previous year. Total income of the company has increased by 47.15% at Rs 302.77 crore for Q2FY15 as compared Rs 205.75 crore for the corresponding quarter previous year.

GMDC is engaged in business of mining and mineral processing. The company manufactures two grades of fluorspar namely acid and metallurgical. It owns two bauxite reserve located at Kutch and Jamnagar.

Peers
Company Name CMP
Coal India 389.45
NMDC 67.21
Ashapura Minechem 409.00
Sandur Manganese 162.00
GMDC 412.20
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