Gujarat Mineral Development Corporation net profit rises 28.51% in the March 2014 quarter

Sales rise 2.44% to Rs 453.34 crore

Net profit of Gujarat Mineral Development Corporation rose 28.51% to Rs 191.84 crore in the quarter ended March 2014 as against Rs 149.28 crore during the previous quarter ended March 2013. Sales rose 2.44% to Rs 453.34 crore in the quarter ended March 2014 as against Rs 442.56 crore during the previous quarter ended March 2013.

For the full year,net profit declined 26.91% to Rs 439.13 crore in the year ended March 2014 as against Rs 600.84 crore during the previous year ended March 2013. Sales declined 22.99% to Rs 1289.67 crore in the year ended March 2014 as against Rs 1674.68 crore during the previous year ended March 2013.

ParticularsQuarter EndedYear EndedMar. 2014Mar. 2013% Var.Mar. 2014Mar. 2013% Var.Sales453.34442.56 2 1289.671674.68 -23 OPM %54.4650.19 -47.8252.90 - PBDT277.80258.05 8 754.161041.45 -28 PBT245.36229.70 7 629.59924.07 -32 NP191.84149.28 29 439.13600.84 -27

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