Archive · 25 Jul 2025
GMDC Reports 11% Profit Decline in Q1 FY26
Imagine a big company that digs up and sells a fuel called lignite.
This company, GMDC, made less money in the first few months of this year than last year.
Their overall profit went down by 11%.
They also earned less money from selling lignite (down 11%) and from running power plants (down 32%).
The company is currently using only a few mines and is planning to open up some new ones to try and make more money in the future.
GMDC's consolidated profit after tax fell 11% year-on-year to ₹164 crore in Q1 FY26.
Revenue from operations declined 10.4% year-on-year to ₹733 crore.
Mining revenue, a major portion of the revenue, decreased by 11%.
Revenue from power operations dropped by 32% in the first quarter.
GMDC is currently operating four lignite mines and plans to operationalize six new ones.
- Who
- Gujarat Mineral Development Corporation (GMDC).
- What
- GMDC's profits declined in Q1 FY26.
- When
- The first quarter of FY26 (published on July 25, 2025).
- Where
- Information is regarding the financial results of GMDC.
- Why
- Declining income from mining and power operations squeezed the profit margins.
- Company
- Gujarat Mineral Development Corporation (GMDC)
- Profit Decline
- 11%
- Consolidated Profit
- ₹164 crore
- Revenue Decline
- 10.4%
- Revenue from Mining
- ₹685 crore
- Revenue from Power Operations
- ₹47 crore
- Operational Lignite Mines
- 4