Gujarat Mineral Development Corporation Limited has announced the following un audited results for the quarter ended September 30th 2008.

GMDC has posted a net profit for the period of INR 186.400 million for the quarter ended September 30th 2008 as compared to INR 417.579 million for the quarter ended September 30th 2007. Total Income has decreased from INR 1900.366 million for the quarter ended September 30th 2007 to INR 1446.190 million for the quarter ended September 30th 2008.