Gujarat Mineral Development Corporation Ltd

The stock has now gained 21.37% in three consecutive sessions and is up 75.54% so far this calendar year. The gains follow renewed interest in domestic mineral companies after the government cleared the scheme to promote manufacturing of sintered Rare Earth Permanent Magnets (REPM) on 26 November 2025. The programme carries an outlay of Rs 7,280 crore and aims to set up 6,000 MTPA of integrated REPM capacity in India. The scheme will support facilities that convert rare earth oxides into metals, then alloys, and finally finished magnets. It includes Rs 6,450 crore in sales-linked incentives over five years and Rs 750 crore in capital subsidies. Capacity will be allocated to five beneficiaries through global competitive bidding, with each allowed up to 1,200 MTPA. The scheme will run for seven years, including a two-year setup period and five years of incentives. Rare earth permanent magnets are critical for electric vehicles, renewable energy equipment, consumer electronics, aerospace and defence. India's demand is expected to double by 2030, but the country currently depends on imports. The government said the initiative will help build an integrated domestic supply chain, support strategic industries and advance India's long-term self-reliance and clean-energy goals. GMDC, India's second-largest lignite producer and the leading merchant seller of lignite, is a state-owned enterprise with the Gujarat government holding a 74% stake. The company mines lignite from deposit-rich regions across the state and supplies it to high-growth industries such as textiles, chemicals, ceramics, bricks, and captive power. On a consolidated basis, GMDC's net sales came in at Rs 527.58 crore, down 11.03% year-on-year (YoY). PBT before exceptional items fell 14.71% YoY to Rs 155.27 crore. In contrast, PAT jumped 264.27% YoY to Rs 465.75 crore, boosted by a sharp rise in exceptional income. GMDC booked an exceptional gain of Rs 474.43 crore following the GST rate hike on lignite from 5% to 18% effective 22 September 2025 and the removal of compensation cess. The change ended the earlier inverted duty structure, enabling the company to recognise accumulated input tax credit that had been expensed in prior periods. Powered by Capital Market - Live

Net profit of Gujarat Mineral Development Corporation rose 264.27% to Rs 465.75 crore in the quarter ended September 2025 as against Rs 127.86 crore during the previous quarter ended September 2024. Sales declined 11.03% to Rs 527.58 crore in the quarter ended September 2025 as against Rs 593.01 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales527.58593.01 -11 OPM %13.1023.68 - PBDT176.70202.13 -13 PBT154.91181.21 -15 NP465.75127.86 264 Powered by Capital Market - Live

On a consolidated basis, net sales came in at Rs 527.58 crore, down 11.03% YoY. PBT before exceptional items fell 14.71% YoY to Rs 155.27 crore. In contrast, PAT jumped 264.27% YoY to Rs 465.75 crore, boosted by a sharp rise in exceptional income. GMDC booked an exceptional gain of Rs 474.43 crore following the GST rate hike on lignite from 5% to 18% effective 22 September 2025 and the removal of compensation cess. The change ended the earlier inverted duty structure, enabling the company to recognise accumulated input tax credit that had been expensed in prior periods. Total expenses rose 1.51% YoY to Rs 480.49 crore. Employee costs surged 90.95% YoY to Rs 75.75 crore, while current tax expense soared 208.10% YoY to Rs 166.13 crore. Net cash flow from operating activities stood at Rs 257.43 crore in H1 FY26, lower than Rs 413.20 crore in H1 FY25. GMDC, India's second-largest lignite producer and the leading merchant seller of lignite, is a state-owned enterprise with the Gujarat government holding a 74% stake. The company mines lignite from deposit-rich regions across the state and supplies it to high-growth industries such as textiles, chemicals, ceramics, bricks, and captive power. Powered by Capital Market - Live

Gujarat Mineral Development Corp. will hold a meeting of the Board of Directors of the Company on 14 November 2025.Powered by Capital Market - Live

Gujarat Mineral Development Corporation announced that CRISIL ESG Ratings & Analytics assigned the Company an overall ESG Rating of CRISIL ESG 54 - Adequate. Powered by Capital Market - Live

The stock slumped 6.15% over the past three sessions. The stock is up 51.72% in one month, up 48.72% in three months and 70.26% in one year. The recent rally in GMDC shares has been supported by expectations of the government's push towards rare earth mining to strengthen domestic supply chains for critical minerals used in electric vehicles, renewable energy and high-tech electronics. GMDC is developing rare earth deposits in Gujarat's Chhota Udaipur district and plans to build an integrated supply chain from mining to processing. Brokerages, however, remain cautious on valuations, citing slower-than-expected ramp-up at lignite mines and limited visibility on rare earth projects. GMDC, India's second-largest lignite producer and the leading merchant seller of lignite, is a state-owned enterprise with the Gujarat government holding a 74% stake. The company mines lignite from deposit-rich regions across the state and supplies it to high-growth industries such as textiles, chemicals, ceramics, bricks, and captive power. The company's standalone net profit declined 11.07% to Rs 164.13 crore on a 10.45% drop in revenue from operations to Rs 732.60 crore in Q1 FY26 over Q1 FY25. Powered by Capital Market - Live

Despite the dip, the stock remains up 27.87% from its recent closing low of Rs 403.70 on 29 August 2025 and has gained 42.53% over the past year. Trading volumes were elevated, reflecting active participation from both institutional and retail investors. The recent rally in GMDC shares has been supported by expectations of the government's push towards rare earth mining to strengthen domestic supply chains for critical minerals used in electric vehicles, renewable energy and high-tech electronics. GMDC is developing rare earth deposits in Gujarat's Chhota Udaipur district and plans to build an integrated supply chain from mining to processing. The PSU, India's second-largest lignite producer and a zero-debt company, has also diversified into thermal, wind and solar power. Brokerages, however, remain cautious on valuations, citing slower-than-expected ramp-up at lignite mines and limited visibility on rare earth projects. GMDC, India's second-largest lignite producer and the leading merchant seller of lignite, is a state-owned enterprise with the Gujarat government holding a 74% stake. The company mines lignite from deposit-rich regions across the state and supplies it to high-growth industries such as textiles, chemicals, ceramics, bricks, and captive power. The company's standalone net profit declined 11.07% to Rs 164.13 crore on a 10.45% drop in revenue from operations to Rs 732.60 crore in Q1 FY26 over Q1 FY25. Powered by Capital Market - Live

Gujarat Mineral Development Corp. announced that the 62th Annual General Meeting(AGM) of the company will be held on 25 September 2025.Powered by Capital Market - Live

Profit before tax (PBT) stood at Rs 224.69 crore in the June 2025 quarter, marking a year-on-year decline of 9.98%. The company reported EBITDA margin reduced to 30% during the quarter as against 31% in the same quarter the previous year. On the segmental front, revenue from mining was at Rs 685.24 crore (down 11.04% YoY), and revenue from power stood at Rs 47.36 crore (down 31.37% YoY) during the period under review. GMDC's lignite sales dropped 13.91% YoY to 19.8 lakh MT in Q1 FY26 from 23 lakh MT in Q1 FY25. Lignite value declined 13.81% to Rs 649 crore from Rs 753 crore YoY. Roopwant Singh, IAS, MD, GMDC, said, GMDC has delivered a steady performance in Q1FY26, with strong margins and healthy profitability despite a dip in revenue. We continue to focus on cost efficiency, operational discipline, and timely execution of key projects. Our efforts remain aligned with long-term value creation and supporting the nation's energy and mineral needs. GMDC is India's second-largest lignite-producing company and top merchant seller of lignite. It is a state public undertaking of the government of Gujarat. The company is engaged in mining lignite from deposit-rich areas across the state; the company markets it to various high-growth industries, including textiles, chemicals, ceramics, bricks, and captive power.Powered by Capital Market - Live

Net profit of Gujarat Mineral Development Corporation declined 11.02% to Rs 163.77 crore in the quarter ended June 2025 as against Rs 184.05 crore during the previous quarter ended June 2024. Sales declined 10.45% to Rs 732.60 crore in the quarter ended June 2025 as against Rs 818.13 crore during the previous quarter ended June 2024. ParticularsQuarter EndedJun. 2025Jun. 2024% Var. Sales732.60818.13 -10 OPM %23.0925.84 - PBDT246.33270.46 -9 PBT224.33249.07 -10 NP163.77184.05 -11 Powered by Capital Market - Live