Gujarat Mineral Development Corporation's Q1 FY 2025-26 Quarter Results
- 26 Jul 2025
Result Summary
- Gujarat Mineral Development Corporation Ltd reported a 1.5% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 7.7%.
- Its expenses for the quarter were up by 3.2% QoQ and down 6.8% YoY.
- The net profit decreased 20.9% QoQ and decreased 11.0% YoY.
- The earnings per share (EPS) of Gujarat Mineral Development Corporation Ltd stood at 5.2 during Q1 FY 2025-26.
Financial Statments for Q1 FY 2025-26
| (₹ crores) | Q1FY26 | Q4FY25 | Q1FY25 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 810.30 | 822.52 | 877.90 | -1.5% | -7.7% |
Total Expenses | 585.87 | 567.64 | 628.74 | 3.2% | -6.8% |
Profit Before Tax | 224.43 | 254.88 | 249.16 | -11.9% | -9.9% |
Tax | 60.56 | 50.28 | 65.02 | 20.4% | -6.9% |
Profit After Tax | 163.77 | 207.13 | 184.05 | -20.9% | -11.0% |
Earnings Per Share | 5.20 | 6.50 | 5.80 | -20.0% | -10.3% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Gujarat Mineral Development Corporation Ltd (GMDC) is a state-owned enterprise in India, primarily engaged in mining activities. The company operates in the mineral and power sectors and plays a significant role in the production and supply of various minerals, including lignite, bauxite, and fluorspar. As of now, there is no additional information available regarding any recent major developments or strategic shifts within the company. GMDC's operations are closely linked to the mining industry, which is influenced by both domestic and global commodity markets and regulatory frameworks.
Revenue
In the first quarter of fiscal year 2026 (Q1FY26), GMDC reported a total income of ₹810.30 crores, which reflects a decrease of 1.5% compared to the fourth quarter of fiscal year 2025 (Q4FY25) where the total income was ₹822.52 crores. On a year-over-year basis, the total income has declined by 7.7% from ₹877.90 crores in the first quarter of fiscal year 2025 (Q1FY25). This decline indicates a downward trend in the company's revenue generation over the analyzed periods. The revenue figures suggest challenges in maintaining the income levels seen in the previous quarters and the same quarter of the previous fiscal year.
Profitability
The profitability of GMDC has seen a contraction in Q1FY26, with the profit before tax recorded at ₹224.43 crores, which is a decline of 11.9% from ₹254.88 crores in Q4FY25. When compared to the profit before tax of ₹249.16 crores in Q1FY25, there is a year-over-year decrease of 9.9%. The profit after tax also decreased to ₹163.77 crores, showing a significant quarter-over-quarter decline of 20.9% from ₹207.13 crores and a year-over-year decrease of 11.0% from ₹184.05 crores. The earnings per share followed a similar trend, with a decrease of 20.0% QoQ and 10.3% YoY, reflecting the overall reduction in profitability.
Operating Metrics
Total expenses for GMDC in Q1FY26 amounted to ₹585.87 crores, which is a 3.2% increase from Q4FY25 where expenses were ₹567.64 crores. However, compared to Q1FY25, there is a decrease of 6.8% from ₹628.74 crores, indicating some reduction in operational costs over the year. The tax expense for the quarter stood at ₹60.56 crores, marking a 20.4% increase from the previous quarter's ₹50.28 crores, yet showing a 6.9% decline from the ₹65.02 crores recorded in the same quarter the previous year. These figures highlight fluctuations in the company's cost management and tax obligations across different periods.