Business Standard

Tuesday, December 24, 2024 | 08:35 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

GMDC surges 16% as Q4 profit more than doubles

The company posted net profit at Rs 90 crore in Q4 against Rs 40 crore in a year ago quarter

Coal mines, Coal
Premium

Coal mine

SI Reporter Mumbai
Gujarat Mineral Development Corporation (GMDC) surged 16% to Rs 145, also its 52-week high on BSE in early morning trade, after the company more than doubled its standalone net profit at Rs 90 crore for the quarter ended March 2017 (Q4FY17). The mining company had profit of Rs 40 crore in the same quarter year ago.

Total income from operations during the quarter under review rose 49% to Rs 525 crore against Rs 353 crore in the corresponding quarter of previous fiscal.

The consolidated net profit for the financial year 2016-17 (FY17) has increased 48% to Rs 324

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in