Gujarat Mineral Development Corporation announced that Sanjeev Kumar, IAS has submitted his resignation as Director of GMDC.

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Gujarat Mineral Development Corpn. announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2019.

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Net profit of Gujarat Mineral Development Corporation declined 48.67% to Rs 95.86 crore in the quarter ended June 2019 as against Rs 186.76 crore during the previous quarter ended June 2018. Sales declined 21.71% to Rs 504.85 crore in the quarter ended June 2019 as against Rs 644.82 crore during the previous quarter ended June 2018.

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Net profit of Gujarat Mineral Development Corporation rose 23.95% to Rs 124.04 crore in the quarter ended March 2019 as against Rs 100.07 crore during the previous quarter ended March 2018. Sales declined 16.46% to Rs 530.50 crore in the quarter ended March 2019 as against Rs 635.06 crore during the previous quarter ended March 2018.

For the full year,net profit declined 68.06% to Rs 138.79 crore in the year ended March 2019 as against Rs 434.60 crore during the previous year ended March 2018. Sales declined 9.19% to Rs 1879.68 crore in the year ended March 2019 as against Rs 2069.97 crore during the previous year ended March 2018.

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