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Gujarat Mineral Development Corporation (GMDC) has reported results for the second quarter ended September 30, 2013.

The company has reported a fall of 72.56% in its net profit of Rs 46.32 crore for the quarter as compared to Rs 168.82 crore for the same quarter in the previous year. Total income of the company has decreased by 53.70% at Rs 205.75 crore for quarter under review as compared to Rs 444.34 crore for the quarter ended September 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 410.90
NMDC 71.96
Ashapura Minechem 471.50
Sandur Manganese 177.20
GMDC 462.45
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