New Delhi: Gujarat Mineral Development Corp (
GMDC) on Tuesday posted 67.1 per cent decline in consolidated profit after tax at Rs 40.5 crore for the quarter ended March 31, 2020.
The company posted a profit after tax of Rs 123.4 crore in the year-ago period, GMDC said in a filing to BSE.
The income during January-March 2020 declined to Rs 467.7 crore, from Rs 570.5 crore in the year-ago period, the filing said.
The company said its board has recommended a dividend of Rs 2 per equity share of Rs 2 each for 2019-20.