Gujarat Mineral Development Corporation disclosed a steady growth in standalone net profit for the quarter ended September 2016. During the quarter, the profit of the company rose 10.08% to Rs 728.56 million from Rs 661.84 million in the same quarter previous year.
Revenues for the quarter rose marginally 3.65% to Rs 3,061.02 million, compared with Rs 2,953 million for the prior year period.
Operating margin for the quarter was stable at 0.00 percent when compared to previous year period. Operating profit was unchanged at Rs 0.00 million for the quarter, compared with the previous year period.
Earnings per share for the quarter stood at Rs 2.29, registering 10.10% growth over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Sep - 16 | Sep - 15 | %Change |
| Revenues | 3,061.02 | 2,953.26 | 3.65 |
| Net Profit | 728.56 | 661.84 | 10.08 |
| Diluted EPS | 2.29 | 2.08 | 10.10 |
Shares of the company declined Rs 2.8, or 2.77%, to trade at Rs 98.25. The total volume of shares traded was 36,933 at the BSE (9.45 a.m., Wednesday).
