Gujarat Mineral Development reports 30% fall in Q1 net profit

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

31 Jul 2013 Evaluate

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.

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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