GMDC reports 3% fall in Q3 net profit

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

12 Feb 2015 Evaluate

Gujarat Mineral Development Corporation (GMDC) has reported results for third quarter ended December 31, 2014.

The company has registered a fall of 3.18% in its net profit at Rs 79.68 crore for the quarter under review as compared to Rs 82.30 crore for the same quarter in the previous year. However, total income of the company increased 8.17% at Rs 357.65 crore for Q3FY15 as compared Rs 330.63 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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