Gujarat Mineral Development Corporation Ltd – Q1 FY26 Key Metrics

• Net profit after tax: ₹164.13 crore, down ~11% YoY. • Revenue from operations: ₹732.60 crore, down ~10.45% YoY. • Profit before tax (PBT): ₹224.69 crore, down ~9.98% YoY. • EBITDA margin: ~30%, slightly down from ~31% YoY. • Segment performance:   • Mining revenue: ₹685.24 crore, down ~11.04% YoY.   • Power revenue: ₹47.36 crore, down ~31.37% YoY. • Lignite sales: ~19.8 lakh metric tonnes vs ~23 lakh MT YoY. • Lignite revenue: ~₹649 crore vs ~₹753 crore YoY, down ~13.8%. Recent Developments & Market Sentiment • GMDC shares have rallied 11–35% recently, touching fresh 52-week highs. • Investor optimism is linked to rare earth mineral exploration, new mine allotments, and government focus on critical minerals. Conclusion GMDC’s Q1 FY26 reflects weaker financial performance with declines in revenue, profit, and volumes across mining and power. Margins held steady but softened slightly. Despite short-term pressure, investor sentiment remains strong due to GMDC’s strategic move into rare earth mineral exploration and upcoming mine developments. Long-term growth hinges on how effectively the company diversifies beyond lignite, manages costs, and captures opportunities in critical mineral mining.