GMDC Q1FY13 Result - First Cut - Microsec Research

Gujarat Mineral Development Corporation Ltd (GMDC) announced its Q1FY13 results on 31st July, 2012.

The Company posted decent results with net Sales arriving at INR496.53 crore, which was up by 6.30% on YoY basis, but down by 7.53% up on QoQ basis. The EBITDA for the quarter was INR268.49 crore, which increased by 6.72% and 9.06% on YoY and QoQ basis, respectively. The EBITDA Margin was up by 21bps on YoY basis and up by 822bps on QoQ basis. The company posted a Net profit of INR170.54 crore, which was up by 11.39% on yearly basis and 7.50% sequentially.

Source : Equity Bulls

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