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Gujarat Mineral Development Corporation Limited ( (IN:GMDCLTD) ) has shared an announcement.
Gujarat Mineral Development Corporation Limited reported strong profitability for the second quarter of fiscal year 2026, despite facing a softer demand environment for lignite. The company’s disciplined cost management and a one-time exceptional gain from GST Input Tax Credit significantly boosted its Profit Before Tax, which rose to ₹634 crore from ₹183 crore in the same quarter the previous year. This performance underscores GMDC’s operational resilience and commitment to long-term value creation, positioning it favorably within the industry. The financial results indicate a robust profit position for the half-year, with notable increases in other income and exceptional income contributing to overall profitability.
More about Gujarat Mineral Development Corporation Limited
Gujarat Mineral Development Corporation Limited (GMDC) is one of India’s leading mining public sector undertakings (PSUs). The company is primarily engaged in the mining industry, focusing on the extraction and sale of lignite and other minerals. GMDC is a government enterprise under the Government of Gujarat, reflecting its significant role in the regional mining sector.
Average Trading Volume: 504,917
Technical Sentiment Signal: Buy
Current Market Cap: 188.8B INR
See more data about GMDCLTD stock on TipRanks’ Stock Analysis page.