Archive · 25 Jul 2025
GMDC's Q1 FY26 Profits Down 11% Due to Revenue Decline
Imagine a company called GMDC that digs up stuff from the ground to sell, like coal.
In the last three months, the company didn't make as much money as before.
Their profit dropped by 11%.
This happened because they sold less of what they dig up, and also made less money from the electricity they generate.
The company is still working hard and is planning on opening more digging places soon.
GMDC's profit after tax decreased by 11% year-on-year to ₹164 crore in Q1 FY26.
Revenue from operations fell 10.4% year-on-year to ₹733 crore in the first quarter.
Mining revenue dropped by 11% contributing significantly to the overall revenue decline.
Revenue from power operations saw a larger decrease, falling 32% during Q1 FY26.
GMDC currently operates four lignite mines and plans to operationalize six new ones.
- Who
- The Gujarat Mineral Development Corporation (GMDC).
- What
- GMDC's profits declined 11% in Q1 FY26 due to lower revenue from mining and power operations.
- When
- The financial results are for the first quarter of FY26.
- Where
- The report pertains to Gujarat Mineral Development Corporation (GMDC) in India.
- Why
- Declining income from mining and power operations significantly squeezed the profit margins.
- Profit after Tax (Q1 FY26)
- ₹164 crore
- Profit Decline
- 11% year-on-year
- Revenue from Operations (Q1 FY26)
- ₹733 crore
- Revenue Decline
- 10.4% year-on-year
- Mining Revenue Decline
- 11%
- Power Operations Revenue Decline
- 32%
- Operational Mines
- 4