GMDC reports 19% rise in Q2 net profit

Gujarat Mineral Development Corporation Ltd. | Mining & Minerals | Metals & Mining | BSE: 532181 | NSE: GMDCLTD

14 Nov 2014 Evaluate

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	411.85
NMDC	79.70
Ashapura Minechem	525.80
Sandur Manganese	185.45
GMDC	556.60
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