GMDC registers 10% growth in Q2 net profit

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

14 Dec 2016 Evaluate

Gujarat Mineral Development Corporation (GMDC) has reported results for second quarter ended September 30, 2016.

The company has reported 10.08% rise in its net profit at Rs 72.86 crore for the quarter ended September 30, 2016 as compared to Rs 66.18 crore for the same quarter in the previous year. Total income of the company increased 3.65% to Rs 306.10 crore for Q2FY17 from Rs 295.33 crore for the corresponding quarter in 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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