GMDC Reports Flat Profit at ₹163 Cr; Revenue Up 24% YoY.

Gujarat Mineral Development Corporation Ltd (GMDC) reported flat quarterly profit at ₹163 crore for Q1 FY27, while revenue rose 24% year‑on‑year to ₹907 crore. The company also declared a ₹223.55 crore dividend to the Government of Gujarat for FY 2025‑26, reflecting strong prior‑year performance. However, MarketsMojo recently rated GMDC a ‘Sell’, citing high valuation and modest ROE of 8.8%. 🪨 Key Financial Highlights Metric Q1 FY27 YoY Change Notes Revenue ₹ 907 crore +24% Mining (+23%) and Power (+136%) segments drove growth Net Profit ₹ 163 crore Flat Margins pressured by higher input costs Mining Revenue ₹ 841 crore +23% Lignite remains core business Power Revenue ₹ 111 crore +136% Thermal and renewable expansion Dividend (FY 25‑26) ₹ 223.55 crore to GoG ₹ 9.50/share (475%) Approved at 63rd AGM on Sep 30 2026 ⚙️ Strategic Developments MoUs Signed: With IREL (India) Ltd to explore rare earth elements (REE). With GNFC to evaluate coal‑to‑chemicals projects using gasification and UCG technologies. Diversification: Expanding into copper, fluorspar, manganese, and renewable energy. Coal Assets: Three Odisha coal blocks acquired; commercial production yet to begin. Corporate Restructuring: Received equity shares of Gujarat Energy Ltd (GEL) after amalgamation with GSPC; awaiting GSPL Transmission Ltd shares post‑demerger. 📈 Market Performance Share Price (5 Nov 2026): ₹ 563.15 (+0.61%) on BSE. 52‑Week Range: ₹ 394.55 – ₹ 771.90. Valuation: P/B 1.9 — considered expensive for mining sector. ROE: 8.8% — average quality grade. Analyst View: ‘Sell’ rating due to premium valuation and flat profit trend. 🌱 ESG & Governance Updates ESG Rating Intimation: Received in Oct 2026 as part of sustainability reporting initiative. New Director: Prof. Amit Karna appointed as Additional Independent Director on Oct 22 2026.