Gujarat Mineral Development Corporation has reported results for the fourth quarter and year ended March 31, 2016.
The company has posted a fall of 78.30% in its net profit at Rs 50.99 crore for the quarter ended March 31, 2016 as compared to Rs 234.95 crore for the same quarter in the previous year. Total income of the company has decreased by 12.98% at Rs 388.51 crore for quarter under review as compared to Rs 446.48 crore for the quarter ended March 31, 2015.
For the year ended March 31, 2016, the company has posted a fall of 52.04% in its net profit at Rs 239.96 crore as compared to Rs 500.32 crore for the same period in the previous year. Total income of company has decreased by 14.63% at Rs 1333.74 crore for year under review as compared to Rs 1562.32 crore for the period ended March 31, 2015.
For the year ended March 31, 2016, on the consolidated basis, the company has posted a fall of 51.86% in its net profit after taxes, minority interest and share of profit of associates at Rs 241.17 crore as compared to Rs 500.94 crore for the same period in the previous year. Total income of company has decreased by 14.91% at Rs 1347.35 crore for year under review as compared to Rs 1583.53 crore for the period ended March 31, 2015.
