Latest News | GMDC Q4 PAT at Rs 177 Cr

New Delhi, Apr 25 (PTI) Gujarat Mineral Development Corporation (GMDC) on Monday reported a consolidated profit after tax (PAT) of Rs 176.99 crore for the quarter ended March 2022.

The company had posted a consolidated post-tax loss of Rs 184.63 crore in the year-ago period, GMDC said in a filing to BSE.

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The consolidated income of the company during the January-March quarter increased to Rs 1,096.97 crore, from Rs 608.36 crore in the same period a year ago.

The company further said its board has recommended a dividend of Rs 4.30 per equity share of Rs 2 each for FY'22.

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Gujarat Mineral Development Corporation is a state-owned minerals and lignite mining company based in Ahmedabad.

(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)