Latest News | GMDC Q3 Profit at Rs 150 Cr

New Delhi, Jan 27 (PTI) Gujarat Mineral Development Corporation (GMDC) on Thursday reported a consolidated net profit of Rs 149.81 crore for the quarter ended December 31, 2021.

The company had posted a consolidated net loss of Rs 275.99 crore for the year-ago period, GMDC said in a filing to BSE.

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Income from operations during December quarter increased to Rs 724.58 crore from Rs 329.26 crore in the year-ago period. "GMDC's financial performance reflects its robust infrastructure as the country's largest merchant seller of lignite. This is a validation of the company's collaborative approach to business transformation," Managing Director Roopwant Singh said.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)