Image Source: KNN India
Gujarat Mineral Development Corporation (GMDC) reported consolidated revenue of Rs 579 crore in Q3 FY26, down 11% year-on-year, while net profit fell nearly 10% to Rs 133 crore. Despite weaker topline, EBITDA rose 9.5% to Rs 101.2 crore, lifting margins to 17.5%.
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GMDC, India’s leading state-owned mining and mineral processing company, announced its December quarter results showing mixed performance. Revenue and profit declined compared to last year, but operational efficiency supported margin expansion.
Key Highlights
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Consolidated revenue from operations stood at Rs 579 crore, compared to Rs 653 crore in Q3 FY25
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Net profit came in at Rs 133 crore, down from Rs 147.7 crore in the same quarter last year
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EBITDA rose 9.5% to Rs 101.2 crore, improving margin to 17.5% from 14.1% a year ago
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Total income for nine months ended December 31, 2025, reached Rs 1,839 crore, with net profit at Rs 770 crore
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Expenses declined to Rs 501 crore from Rs 588 crore in Q3 FY25, reflecting cost control measures
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Segment revenues included mining and power operations, with GST-related adjustments impacting input tax credits
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GMDC shares closed at Rs 571.15 on BSE, down 3.38% post-results announcement
Sources: CNBC TV18, Business Standard, InvestyWise
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