Gujarat Mineral Development Corporation standalone net profit declines 78.30% in the March 2016 quarter

Sales decline 10.27% to Rs 359.36 crore

Net profit of Gujarat Mineral Development Corporation declined 78.30% to Rs 50.99 crore in the quarter ended March 2016 as against Rs 234.96 crore during the previous quarter ended March 2015. Sales declined 10.27% to Rs 359.36 crore in the quarter ended March 2016 as against Rs 400.48 crore during the previous quarter ended March 2015.

For the full year,net profit declined 52.04% to Rs 239.97 crore in the year ended March 2016 as against Rs 500.33 crore during the previous year ended March 2015. Sales declined 16.17% to Rs 1189.40 crore in the year ended March 2016 as against Rs 1418.88 crore during the previous year ended March 2015.

ParticularsQuarter EndedYear EndedMar. 2016Mar. 2015% Var.Mar. 2016Mar. 2015% Var.Sales359.36400.48 -10 1189.401418.88 -16 OPM %24.2631.62 -27.2236.81 - PBDT116.32170.97 -32 468.03663.98 -30 PBT77.93123.23 -37 336.63526.71 -36 NP50.99234.96 -78 239.97500.33 -52

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