Net profit of Gujarat Mineral Development Corporation rose 30.67% to Rs 186.76 crore in the quarter ended June 2018 as against Rs 142.93 crore during the previous quarter ended June 2017. Sales rose 10.58% to Rs 644.82 crore in the quarter ended June 2018 as against Rs 583.10 crore during the previous quarter ended June 2017.

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Gujarat Mineral Development Corpn. will hold a meeting of the Board of Directors of the Company on 10 August 2018.

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Gujarat Mineral Development Corporation announced that the Board of Directors of the Company at its meeting held on 09 May 2018, has recommended a dividend of Rs.3.50 per share (i.e.175%), subject to the approval of the shareholders.

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Net profit of Gujarat Mineral Development Corporation rose 11.18% to Rs 100.07 crore in the quarter ended March 2018 as against Rs 90.01 crore during the previous quarter ended March 2017. Sales rose 16.76% to Rs 635.06 crore in the quarter ended March 2018 as against Rs 543.90 crore during the previous quarter ended March 2017.

For the full year,net profit rose 33.64% to Rs 434.60 crore in the year ended March 2018 as against Rs 325.20 crore during the previous year ended March 2017. Sales rose 30.82% to Rs 2069.97 crore in the year ended March 2018 as against Rs 1582.36 crore during the previous year ended March 2017.

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