GMDC reports strong Q2FY26 results, driven by cost management and operational resilience. Profitability increased significantly due to disciplined spending and a one-time GST Input Tax Credit benefit. Revenue stood at ₹528 crore, while Profit Before Tax reached ₹634 crore. The company continues to focus on stability, efficiency, and long-term value creation.
Q2FY26 Financial Performance
Gujarat Mineral Development Corporation (GMDC) announced its financial results for the quarter ended September 30, 2025, showcasing strong profitability driven by focused cost discipline and operational resilience, despite a softer lignite demand. The company delivered healthy margins and a significantly higher Profit Before Tax.
Key Financial Highlights
For Q2FY26 (Standalone):
- Revenue from Operations: ₹528 crore (vs ₹593 crore in Q2FY25).
- EBITDA: ₹182 crore (vs ₹203 crore in Q2FY25), with a margin of 29%.
- Other Income: Increased to ₹109 crore (vs ₹62 crore in Q2FY25).
- Exceptional Income: ₹474 crore due to write-back of GST Input Tax Credit.
- Profit Before Tax (PBT): Stood at ₹634 crore, compared to ₹183 crore in Q2FY25.
H1FY26 Financial Performance
For the half year ended September 30th, 2025 (Standalone):
- Revenue from Operations: ₹1,260 crore (vs ₹1,411 crore in H1FY25).
- EBITDA: Stood at ₹428 crore (vs ₹474 crore in H1FY25).
- Other Income: Stood at ₹186 crore (vs ₹122 crore in H1FY25).
- Exceptional Income: ₹474 crore recognized from GST Input Tax Credit write-back.
- Profit Before Tax (PBT): For H1FY26 stood at ₹859 crore, as against ₹432 crore in H1FY25.
Operational Performance (Mining)
- Lignite: Sales Volume of 15.0 lakh MT (vs 16.6 lakh MT in Q2FY25), Sales Value of ₹467 crore.
- Bauxite (Gadhsisa & Mevasa): Sales Volume of 0.8 lakh MT (vs 0.4 lakh MT in Q2FY25), Sales Value of ₹23 crore (vs ₹13 crore in Q2FY25).
Source: BSE