Stock Report

GMDC Q1 net profit zooms to Rs.65.23 Crores



Posted On : 2007-07-30 01:01:35( TIMEZONE : IST )

GMDC Q1 net profit zooms to Rs.65.23 Crores

Gujarat Mineral Development Corporation Ltd (GMDC) has announced the following Un-Audited results for the quarter ended June 30, 2007.

The Company has posted a net profit after tax of Rs 652.364 million for the quarter ended June 30, 2007 as compared to Rs 135.908 million for the quarter ended June 30, 2006. Total Income has increased from Rs 1552.110 million for the quarter ended June 30, 2006 to Rs 2299.655 million for the quarter ended June 30, 2007.

The company has reported an Earnings Per Share (EPS) of Rs.20.51 for the Quarter ending June 30, 2007 compared to Rs.4.27 for Quarter ending June 30, 2006.

The stock was trading at Rs.1010, up by Rs.27.90 or 2.84%. The stock hit an intraday high of Rs.1089.80 and low of Rs.994. The total traded quantity was 38073 compared to 2 week average of 16684.

Source : Equity Bulls

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