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GMDC posts 11% rise in Q3 net
Edited by : AL CIRCLE
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During the third quarter, GMDC’s turnover jumped 7% to Rs384 crore
Gujarat Mineral Development Corporation (GMDC) net profit rose 11% to Rs112.46 crore for the quarter ended 31 December 2011, against Rs101.48 crore in the corresponding period a year ago.
During the quarter, the company’s turnover jumped 7% to Rs384 crore from Rs360.40 crore.
GMDC’s foray into wind power has started generating revenues. Wind power generated 112.5 million units and total revenue generated from the sector stood at Rs52 crore, a company statement said.
The Q-o-Q (quarter-on-quarter) bauxite production rose 28% at 2.24 lakh tonnes in the quarter ended 31 December 2011 from 1.75 lakh MT in the previous quarter ended 30 September 2011, it said.
In the late afternoon, GMDC was trading at around Rs178.85 per share on the Bombay Stock Exchange, 0.31% down from the previous close.
Gujarat Mineral Development Corporation (GMDC) net profit rose 11% to Rs112.46 crore for the quarter ended 31 December 2011, against Rs101.48 crore in the corresponding period a year ago.
During the quarter, the company’s turnover jumped 7% to Rs384 crore from Rs360.40 crore.
GMDC’s foray into wind power has started generating revenues. Wind power generated 112.5 million units and total revenue generated from the sector stood at Rs52 crore, a company statement said.
The Q-o-Q (quarter-on-quarter) bauxite production rose 28% at 2.24 lakh tonnes in the quarter ended 31 December 2011 from 1.75 lakh MT in the previous quarter ended 30 September 2011, it said.
In the late afternoon, GMDC was trading at around Rs178.85 per share on the Bombay Stock Exchange, 0.31% down from the previous close.
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