Gujarat Mineral Development Corporation Limited (GMDC) has announced a dividend of ₹223.55 crore to the Government of Gujarat for the financial year 2025-26. This payout represents the State Government’s share, reflecting GMDC’s robust financial performance with a standalone profit after tax of ₹990.81 crore for the fiscal year. The dividend is in line with GMDC’s progressive dividend policy.
GMDC Announces Substantial Dividend Payout
Gujarat Mineral Development Corporation Limited (GMDC), a leading public sector enterprise in India’s mining sector, has officially submitted a press release detailing a significant dividend payout. The company has announced a dividend of ₹223.55 crore to the Government of Gujarat for the financial year 2025-26.
Financial Performance Highlights
This dividend declaration is supported by GMDC’s strong financial performance, which saw a standalone profit after tax of ₹990.81 crore for FY 2025-26. This represents a considerable increase compared to the ₹687.92 crore profit reported in FY 2024-25. The profit for the year was bolstered by an exceptional gain of ₹522.65 crore from input tax credit, following GST rate rationalisation on lignite.
Dividend Details and Shareholder Value
The total dividend payout to shareholders amounts to ₹302.10 crore, with the Government of Gujarat, which holds 74% of GMDC’s equity, receiving ₹223.55 crore. The dividend of ₹9.50 per equity share (475%) was recommended by the Board of Directors on May 14, 2026, and approved by shareholders at the Company’s 63rd Annual General Meeting on September 30, 2026. This payout aligns with GMDC’s commitment to the Government of Gujarat’s progressive dividend policy for State public sector enterprises, with the total dividends to the state exceeding ₹1,050 crore over the last five financial years (FY 2021-22 to FY 2025-26).
Strategic Outlook
GMDC continues to focus on strengthening its lignite business while expanding its diversified portfolio, which includes coal blocks, copper and rare earth elements projects, and renewable energy capacity. The company aims to create lasting value for the State, its shareholders, and the communities it operates within, positioning itself as a responsible contributor to Gujarat’s growth and India’s resource security.
Source: BSE
