Gujarat Mineral Development Corporation (GMDC) has announced its unaudited standalone and consolidated financial results for the quarter ended September 30, 2025 (Q2 2026). The results, approved on November 14, 2025, show a total income from operations of ₹527.58 Crore. The company has also addressed recent changes in GST rates impacting its input tax credit.
Financial Performance Overview
GMDC’s unaudited financial results for Q2 2026 reveal the following key figures (Standalone):
- Total Income from Operations: ₹527.58 Crore
- Net Profit After Tax: ₹470.35 Crore
- Total Comprehensive Income: ₹449.35 Crore
- Earnings Per Share (EPS): ₹14.79
The consolidated results are as follows:
- Total Income from Operations: ₹527.58 Crore
- Net Profit After Tax: ₹465.75 Crore
- Total Comprehensive Income: ₹444.75 Crore
- Earnings Per Share (EPS): ₹14.65
Segment Performance
Segment-wise revenue details for the quarter are as follows:
- Mining: ₹494.78 Crore
- Power: ₹39.83 Crore
GST Rate Impact
Due to recent changes in Goods and Services Tax (GST) rates effective from September 22, 2025, GMDC is now eligible to utilize a GST input credit of ₹474.43 Crore. This credit was previously expensed due to limitations on utilizing input tax credits when the supply of lignite operated under an inverted duty structure. This change has been recognized as an exceptional item in the financial results.
Assets and Liabilities
Key balance sheet highlights include:
- Total Non-Current Assets: ₹5,227.40 Crore
- Total Current Assets: ₹3,003.92 Crore
- Total Equity: ₹6,689.39 Crore
- Total Non-Current Liabilities: ₹960.54 Crore
- Total Current Liabilities: ₹582.12 Crore
Source: BSE