Archive · 25 Jul 2025
GMDC Reports 11% Profit Drop During Q1 FY26
GMDC, a large Indian company that digs up lignite (a type of coal), made less money in the first few months of 2025-2026.
Their profits went down by 11%, and their income from selling things also dropped.
The company earned ₹164 crore after taxes.
They are now looking to open up more mines to get more lignite.
GMDC's profit declined by 11% in Q1 FY26.
Revenue from operations decreased by 10.4% year-over-year.
Mining revenue fell by 11%, while power operations revenue dropped 32%.
GMDC reported a consolidated profit after tax of ₹164 crore.
The company is aiming to operationalize six new lignite mines.
- Who
- Gujarat Mineral Development Corporation (GMDC)
- What
- GMDC's profits and revenue declined.
- When
- The first quarter of FY26 (likely April-June 2025)
- Where
- India
- Why
- Declining income from mining and power operations squeezed profit margins.
- Profit Decline
- 11% YOY
- Revenue Decline
- 10.4% YOY
- Q1 FY26 Profit After Tax
- ₹164 crore
- Mining Revenue
- ₹685 crore
- Power Operations Revenue
- ₹47 crore
- Operational Mines
- Four
- New Mines (planned)
- Six
- Lignite production (FY25)
- 8.1 million tonnes