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GMDC reports over two-fold rise in Q2 net profit

15 Oct 2012 Evaluate

Gujarat Mineral Development Corporation (GMDC) has reported results for second quarter ended September 30, 2012.

The company has posted a rise of 169.58% in its net profit at Rs 168.81 crore for the quarter ended September 30, 2012 as compared to Rs 62.62 crore for the same quarter in the previous year. Total income has increased by 71.69% at Rs 444.34 crore for quarter under review as compared to Rs 258.80 crore for the quarter ended September 30, 2011.

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.

GMDC Share Price

682.70 -9.20 (-1.33%)
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Peers
Company Name CMP
Coal India 450.60
NMDC 87.33
GMDC 682.70
Sandur Manganese 209.35
MOIL 322.25
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