Gujarat Mineral Development Corporation (GMDC), operating primarily in mining and power with projects including lignite, bauxite, fluorspar, and renewable energy, reported a remarkable rise in profits for Q2FY26.
Financial Highlights:
- Revenues declined 10.96% year-on-year to ₹528 crore from ₹593 crore.
- Total expenses increased slightly by 1.26% to ₹481 crore from ₹475 crore.
- Consolidated net profit surged 264.06% to ₹466 crore from ₹128 crore.
- Earnings per share increased 264.43% to ₹14.65 from ₹4.02.
The substantial profit growth was driven by improved operational efficiencies, cost control measures, and higher-margin product mix despite lower overall revenue.
Outlook:
GMDC is focused on expanding its renewable energy portfolio, optimizing mining operations, and leveraging favorable commodity demand to sustain profitability. Continued investments in technology and sustainable practices are expected to strengthen its market position and growth trajectory.
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