GMDC Q4 Results: Gujarat Mineral Development Corporation reports PAT of Rs 177 crore

GMDC Q4 Results: Gujarat Mineral Development Corporation (GMDC), on April 25, 2022, in its Q4 results, reported a combined profit after tax (PAT) of Rs 176.99 crore for the quarter ended March 2022, as per a PTI report.

Post-tax losses for the company in the year-ago period came to Rs 184.63 crore, GMDC announced in a BSE filing.

In the January-March quarter, the company's consolidated income was Rs 1,096.97 crore, up from Rs 608.36 crore a year ago.

Additionally, the company announced its board had recommended a dividend of Rs 4.30 per equity share of Rs 2 each for FY'22.

Gujarat Mineral Development Corporation (GMDC) is a state-controlled company headquartered in Ahmedabad that mines minerals and lignite.

(With PTI inputs)