Gujarat Mineral Development Corporation Ltd

Gujarat Mineral Development Corporation Limited will hold a board meeting on October 30, 2026, to consider and approve the standalone and consolidated unaudited financial results for the quarter ended September 30, 2026, according to a regulatory filing with the National Stock Exchange of India and the Bombay Stock Exchange Ltd. Trading in the company's securities has been closed for designated persons and their immediate relatives since October 1, 2026, and will reopen on November 2, 2026, following the results’ disclosure.

Gujarat Mineral Development Corporation Limited, a Government of Gujarat enterprise, submitted a confirmation certificate dated October 5, 2026, received from M/s. MCSSTA Ltd., its Registrar and Share Transfer Agent (RTA), regarding the dematerialization of securities for the quarter ended September 30, 2026, in compliance with Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018.

Gujarat Mineral Development Corporation Limited announced that Ajay Bhadoo, IAS, has been appointed as Managing Director, replacing Roopwant Singh, IAS, effective September 29, 2026, according to a notification from the General Administration Department, Government of Gujarat.

Gujarat Mineral Development Corporation Limited informed the Bombay Stock Exchange and National Stock Exchange of India that the trading window for sale, purchase, or dealing in the company's equity shares will be closed from October 1, 2026, and will reopen 48 hours after the declaration of unaudited quarterly financial results for the quarter and half-year ending September 30, 2026.

Gujarat Mineral Development Corporation Ltd. announced reaffirmations from both CARE EDGE Ratings and CARE Ratings Limited regarding its various bank facilities, with CARE EDGE Ratings reaffirming Long Term / Short Term Bank Facilities at CARE AA+; Stable / CARE A1+ and Short Term Bank Facilities at CARE A1+, both previously rated and reduced from 3,995.00 to 3,975.00 for the former and enhanced from 5.00 to 25.00 for the latter; CARE Ratings Limited mirrored these reaffirmations, while also noting that ratings are subject to periodic review/surveillance and that one set of Bank Facilities is currently under review with an ISSUER NOT COOPERATING designation, alongside bank overdraft facilities of 20.00 from ICICI Bank Ltd., 5.00 from IndusInd Bank Ltd., bank guarantees of 1,280.00 from ICICI Bank Ltd., 625.00 from Axis Bank Ltd., 495.00 from IndusInd Bank Ltd., and a proposed bank guarantee of 1,575.00, with the ratings reflecting opinions as on the date of the rating.

Gujarat Mineral Development Corporation Ltd share price softened by 2.58% to Rs 559.75 after the company's net profit dropped 15.80% to Rs 163.43 crore, while revenue from operations edged up 11.37% to Rs 906.64 crore in Q2FY26 over Q1FY26. The market capitalization of Industrial Minerals industry group stocks on BSE stood at Rs 2.31 lakh crore, expanding by 37.53%. It has marginally improved by 2.08% over last one week and ticked higher by 1.67% in last one month while the market capitalization of Gujarat Mineral Development Corporation Ltd has slipped by 0.50% and 23.95% in the same period respectively. Profit before tax (PBT) of Gujarat Mineral Development Corporation Ltd stood at Rs 227.67 crore in Q2 FY26, rising 1.49% year-on-year, and slipping 2.97% quarter-on-quarter. EBITDA came in at Rs 115 crore, jumping 25.51% YoY and crashing by 326.65% sequentially. Total expenses slightly declined by 1.28% to Rs 748.93 crore in Q2FY26 over Q2FY25. During the quarter, employee benefits expense was at Rs 42.27 crore, soaring 31.11% YoY. For the TTM ended FY26, revenue from operations rose 15.75% to Rs 2850.84 crore, while net profit rose by 13.81% to Rs 679.85 crore, compared to previous TTM. EBITDA witnessed a strong improvement of 35382% to Rs 290.22 crore, and PBT expanded by 11.35% to Rs 888.71 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 1059.37 crore in FY26, as against Rs 110.07 crore in FY25. Gujarat Mineral Development Corporation Ltd rallied 38.79% in last one year, significantly outperforming the benchmark BSE Sensex which has slipped by 4.36% during the same period.

Net profit of Gujarat Mineral Development Corporation declined 0.21% to Rs 163.43 crore in the quarter ended June 2026 as against Rs 163.77 crore during the previous quarter ended June 2025. Sales rose 23.76% to Rs 906.64 crore in the quarter ended June 2026 as against Rs 732.60 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales906.64732.60 24 OPM %21.0723.09 - PBDT261.00246.33 6 PBT227.67224.33 1 NP163.43163.77 0 Powered by Capital Market - Live

Net profit of Gujarat Mineral Development Corporation declined 0.68% to Rs 163.01 crore in the quarter ended June 2026 as against Rs 164.13 crore during the previous quarter ended June 2025. Sales rose 23.76% to Rs 906.64 crore in the quarter ended June 2026 as against Rs 732.60 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales906.64732.60 24 OPM %21.0723.19 - PBDT260.58246.69 6 PBT227.25224.69 1 NP163.01164.13 -1 Powered by Capital Market - Live

Gujarat Mineral Development Corp. announced that the Board of Directors of the Company at its meeting held on 14 May 2026, inter alia, have recommended the final dividend of Rs 9.5 per equity Share (i.e. 475%) , subject to the approval of the shareholders.

Net profit of Gujarat Mineral Development Corporation declined 14.20% to Rs 194.09 crore in the quarter ended March 2026 as against Rs 226.22 crore during the previous quarter ended March 2025. Sales rose 3.53% to Rs 814.05 crore in the quarter ended March 2026 as against Rs 786.28 crore during the previous quarter ended March 2025. For the full year,net profit rose 40.72% to Rs 956.67 crore in the year ended March 2026 as against Rs 679.85 crore during the previous year ended March 2025. Sales declined 6.93% to Rs 2653.38 crore in the year ended March 2026 as against Rs 2850.84 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales814.05786.28 4 2653.382850.84 -7 OPM %12.7624.62 -16.7022.37 - PBDT253.39311.71 -19 859.80984.08 -13 PBT204.63285.08 -28 745.09888.71 -16 NP194.09226.22 -14 956.67679.85 41 Powered by Capital Market - Live