Gujarat Mineral Development Corporation's Q2 FY 2025-26 Quarterly Results

Result Summary

• Gujarat Mineral Development Corporation Ltd reported a 21.5% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 3.0%.
• Its expenses for the quarter were down by 18.0% QoQ and up 1.5% YoY.
• The net profit increased 184.4% QoQ and increased 264.3% YoY.
• The earnings per share (EPS) of Gujarat Mineral Development Corporation Ltd stood at 14.65 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

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, commonly referred to as GMDC, is a prominent name in the mining and minerals sector in India. The company is primarily engaged in the exploration and extraction of minerals such as lignite, bauxite, and fluorspar, among others. GMDC plays a crucial role in supporting the industrial landscape of Gujarat by providing essential raw materials. However, specific recent major developments about the company are not available in the provided data. Historically, the company has been a significant contributor to the state's mineral wealth and has been involved in several joint ventures and projects to expand its mining capabilities.

Revenue

In the second quarter of the fiscal year 2026 (Q2FY26), Gujarat Mineral Development Corporation Ltd reported a total income of ₹635.76 crores. This represents a quarter-over-quarter decrease of 21.5% when compared to the ₹810.30 crores reported in the first quarter of FY26 (Q1FY26). On a year-over-year basis, the total income experienced a slight decline of 3.0% from the ₹655.40 crores recorded in Q2FY25. The revenue figures indicate a contraction in income over both the quarterly and yearly periods, which could be attributed to various factors not detailed in the data provided.

Profitability

The company's profitability metrics demonstrate a significant increase in the second quarter of FY26. Profit before tax (PBT) surged to ₹629.70 crores, marking a quarter-over-quarter growth of 180.6% from ₹224.43 crores in Q1FY26 and a year-over-year growth of 245.9% from ₹182.06 crores in Q2FY25. Subsequently, the profit after tax (PAT) for Q2FY26 rose to ₹465.75 crores, reflecting a substantial quarter-over-quarter increase of 184.4% and a year-over-year increase of 264.3%. The earnings per share (EPS) also saw considerable growth, rising to ₹14.65 in Q2FY26 from ₹5.15 in Q1FY26 and ₹4.02 in Q2FY25, corresponding to a 184.5% QoQ increase and a 264.4% YoY increase.

Operating Metrics

The total expenses for Q2FY26 amounted to ₹480.49 crores, showing an 18.0% reduction from ₹585.87 crores in Q1FY26. Compared to Q2FY25, the total expenses slightly increased by 1.5% from ₹473.34 crores. The tax outlay for Q2FY26 was ₹163.59 crores, which marked a significant quarter-over-quarter increase of 170.1% from ₹60.56 crores in Q1FY26 and a year-over-year increase of 206.6% from ₹53.35 crores in Q2FY25. These financial data points highlight the dynamic nature of the company's operating expenses and tax obligations over the reported periods.