Gujarat Mineral Development Corporation has reported results for first quarter ended June 30, 2013.
The company has reported 30.40% fall in its net profit after tax at Rs 118.68 crore for the quarter as compared to Rs 170.52 crore for the same quarter in the previous year. Total income from operations of the company has decreased by 20.85% at Rs 408.59 crore for quarter under review as compared to Rs 516.24 crore for the quarter ended June 30, 2012.
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.
| Company Name | CMP |
|---|---|
| Coal India | 438.70 |
| NMDC | 89.78 |
| GMDC | 733.40 |
| Sandur Manganese | 218.35 |
| MOIL | 327.60 |
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