This filing is part of the company’s quarterly result. Read the full results article, with every figure explained →
Q2 revenue up 71%; prior GST credit distorts profit comparison
GMDCLTD · price
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On the reaction day the stock moved 5.1 pts less than Nifty Smallcap 250 and 5.0 pts less than its Industrial Minerals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Q2 FY27 revenue rose 71% year on year to Rs 902.97 crore from Rs 527.58 crore. Standalone profit before tax and one-off items rose 47% to Rs 234.60 crore, but after-tax profit fell to Rs 171.23 crore from Rs 470.35 crore as the prior period included a Rs 474.43 crore GST credit booked as one-off income. Half-year operating cash flow was positive at Rs 671.88 crore. The auditors raised no objection.
Revenue and profit before one-offs rose; cash flow was positive. Prior GST credit distorts headline profit, and the auditor change is a governance concern.
| Q2 FY27 | Q2 FY26 | Change | |
|---|---|---|---|
| Revenue | ₹903.0 Cr | ₹527.6 Cr | +71.2% |
| Operating profit | ₹150.8 Cr | ₹47.09 Cr | +220.2% |
| Profit after tax | ₹170.8 Cr | ₹465.8 Cr | −63.3% |
| EBITDA margin | 21.1% | 103.1% | −82.0 pp |
From the company's XBRL filing, not from the text above. Operating profit = profit before tax − exceptional items − other income. EBITDA = profit before tax + finance costs + depreciation − other income.