GMDC net profit declines by 5.90 per cent in Q4 of 2012-13

AHMEDABAD: Gujarat Mineral Development Corporation (GMDC) today reported 5.90 per cent decline in net profit at Rs 149.27 crore for the quarter ended March 31, 2013.

The company had posted a net profit of Rs 158.64 crore in the corresponding quarter a year ago.

The total income of the state-government PSU dipped by 15 per cent in the quarter ended March 31, 2013 at Rs 476.52 crore against Rs 560.61 crore in the corresponding quarter of the previous year.