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Gujarat Mineral Development strengthens on reporting decent Q4 numbers

28 May 2012 Evaluate

Gujarat Mineral Development Corporation (GMDC) is currently trading at Rs. 169.85, up by 6.15 points or 3.76% from its previous closing of Rs. 163.70 on the BSE.

The scrip opened at Rs. 166.00 and has touched a high and low of Rs. 170.90 and Rs. 166.00 respectively. So far 28358 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 212.60 on 29-Feb-2012 and a 52 week low of Rs. 137.30 on 27-May-2011.

Last one week high and low of the scrip stood at Rs. 170.90 and Rs. 160.30 respectively. The current market cap of the company is Rs. 5406.00 crore.

The promoters holding in the company stood at 74.00% while Institutions and Non-Institutions held 19.54% and 6.46% respectively. 

Gujarat Mineral Development Corporation reported results for the quarter & year ended March 31, 2012

The Company’s net profit for the quarter ended March 31, 2012 zoomed by 40.76% of Rs. 158.64 crore as compared to Rs. 112.70 crore for the quarter ended March 31, 2011. Total Income has increased by 15.23% to Rs. 560.62 crore from Rs 486.51 crore in the corresponding quarter of the previous review.

Further, for the Year ended March 31, 2012,the Company’s  net profit was up by 29.90% to Rs. 486.83 crore for the year ended March 31, 2012 as compared to Rs. 374.76 crore for the year ended March 31, 2011. Total Income has surged to 16.73% to Rs. 1704.08 crore for the year from Rs. 1459.86 crore from the previous year.

On Consolidated basis the Group’s net profit stood at Rs. 158.57 crore for the quarter as compared to Rs. 112.70 crore for the period ago, up by 40.7%. The total Income has increased by 15.23% to Rs. 560.62 crore for the quarter ended March 31, 2012 from Rs. 486.51 crore in the previous quarter.

Group’s a net profit rose by 29.89%to Rs. 486.76 crore for the year ended March 31, 2012 as compared to Rs. 374.76 crore for the year ended March 31, 2011. Total Income has increased by 16.73% 2011 to Rs. 1704.08 crore for the year ended March 31, 2012 from the previous year.

GMDC Share Price

670.00 -12.70 (-1.86%)
24-Apr-2026 15:30 View Price Chart
Peers
Company Name CMP
Coal India 456.90
NMDC 89.15
GMDC 670.00
Sandur Manganese 209.65
MOIL 318.80
View more..

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