Gujarat Mineral Development Corporation Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
GMDCLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
GMDC reported standalone revenue from operations of ₹2,653.38 crore for FY 2025-26, declining 7% from ₹2,850.84 crore in the previous year. However, Profit After Tax surged 45% to ₹990.81 crore from ₹681.92 crore, driven by exceptional items totaling ₹522.65 crore. These exceptional items include recognition of GST Input Tax Credit asset of ₹492.63 crore following changes in lignite GST rates, plus restoration of earlier written-off ITC worth ₹30.02 crore. The Board recommended a dividend of ₹9.50 per share (475%) subject to shareholder approval. Auditors issued an unmodified opinion with emphasis of matter on the exceptional GST ITC items.
The revenue decline may concern investors, but strong PAT growth driven by one-time GST ITC benefits boosts profitability metrics. The substantial dividend signals confidence, though the exceptional items inflate current year profits and may not repeat.