Gujarat Mineral Development Corporation (GMDC) has reported results for third quarter ended December 31, 2016.
The company has reported marginal fall of 0.15% in its net profit at Rs 46.54 crore for the quarter ended December 31, 2016 as compared to Rs 46.61 crore for the same quarter in the previous year. However, total income of the company increased by 39.22% at Rs 424.87 crore for the quarter under review as compared Rs 305.17 crore for the corresponding quarter previous year.
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.