GMDC reports 73% fall in Q2 net profit

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

31 Oct 2013 Evaluate

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	411.85
NMDC	79.70
Ashapura Minechem	525.80
Sandur Manganese	185.45
GMDC	556.60
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