Gujarat Mineral Development Corpn. announced that the Board of Directors of the Company at its meeting held on 23 June 2020, has recommended a Final dividend of Rs.2 per share (i.e.100%), subject to the approval of the shareholders.

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Net profit of Gujarat Mineral Development Corporation declined 67.10% to Rs 40.60 crore in the quarter ended March 2020 as against Rs 123.41 crore during the previous quarter ended March 2019. Sales declined 22.33% to Rs 412.02 crore in the quarter ended March 2020 as against Rs 530.50 crore during the previous quarter ended March 2019.

For the full year,net profit declined 7.18% to Rs 204.06 crore in the year ended March 2020 as against Rs 219.84 crore during the previous year ended March 2019. Sales declined 19.08% to Rs 1520.95 crore in the year ended March 2020 as against Rs 1879.68 crore during the previous year ended March 2019.

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Gujarat Mineral Development Corpn. will hold a meeting of the Board of Directors of the Company on 23 June 2020.

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Net profit of Gujarat Mineral Development Corporation declined 43.82% to Rs 28.30 crore in the quarter ended December 2019 as against Rs 50.37 crore during the previous quarter ended December 2018. Sales declined 17.23% to Rs 339.66 crore in the quarter ended December 2019 as against Rs 410.38 crore during the previous quarter ended December 2018.

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