Gujarat Mineral Development Corporation has reported results for third quarter ended December 31, 2013.
The company has reported 26.67% fall in its net profit at Rs 82.29 crore for the quarter, as compared to Rs 112.22 crore for the same quarter in the previous year. Total income of the company decreased by 15.88% at Rs 330.62 crore for quarter under review as compared to Rs 393.05 crore for the quarter ended December 31, 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.
The company has reported 26.67% fall in its net profit at Rs 82.29 crore for the quarter, as compared to Rs 112.22 crore for the same quarter in the previous year. Total income of the company decreased by 15.88% at Rs 330.62 crore for quarter under review as compared to Rs 393.05 crore for the quarter ended December 31, 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.
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