Gujarat Mineral Development Corporation quarterly results and financials

Gujarat Mineral Development Corporation (GMDCLTD)₹478.25+1.00%(9 Nov 2026 close)Industrial Minerals

Key facts

In the Sep 2026 quarter (consolidated), Gujarat Mineral Development Corporation reported sales of ₹899 Cr, up 71.1% from Sep 2025, and net profit of ₹170 Cr, down 63.3% year on year. For the year to Mar 2026, sales were ₹2,512 Cr and net profit ₹954 Cr.

Sales (Sep 2026): ₹899 Cr
Net profit (Sep 2026): ₹170 Cr
Sales (FY Mar 2026): ₹2,512 Cr
Net profit (FY Mar 2026): ₹954 Cr
EPS (Sep 2026): ₹5.39
Borrowings (Mar 2026): ₹318 Cr

Company filings, consolidated accounts; latest reported quarter Sep 2026

Gujarat Mineral Development Corporation quarterly results

₹ crore unless stated; each column is a quarter.

Gujarat Mineral Development Corporation Quarterly results
	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Sales	562	747	814	590	650	782	730	526	577	810	904	899
Expenses	444	562	607	453	562	593	563	458	478	710	716	713
Operating Profit	121	188	210	140	91.67	193	168	68.77	101	104	190	189
OPM %	20.9%	24.9%	25.9%	23.9%	14.0%	24.9%	23.0%	12.9%	16.9%	12.9%	21.0%	20.9%
Other Income	60.05	72.02	60.07	62.06	114	118	78.07	583	101	185	77.01	84.01
Interest	0.99	0.99	0.99	0.99	0.99	0.00	0.99	0.99	0.99	4.98	6.97	6.98
Depreciation	20.02	22.05	21.03	21.04	26.06	27.03	22.04	22.05	22.04	49.09	33.06	33.04
Profit before tax	161	239	250	182	180	286	225	632	180	236	229	235
Tax %	27.1%	21.1%	26.1%	29.1%	18.1%	21.1%	27.1%	26.1%	26.1%	17.1%	28.1%	27.1%
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	349	12.98	23.98	0.00	0.00
Net Profit	117	186	183	127	147	225	163	464	133	193	162	170
EPS (Rs)	3.68	5.91	5.81	4.03	4.66	7.14	5.17	14.70	4.19	6.12	5.16	5.39

Gujarat Mineral Development Corporation profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Gujarat Mineral Development Corporation Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	1,175	1,531	2,044	1,872	1,442	1,324	2,723	3,485	2,455	2,522	2,512	3,190
Expenses	889	1,119	1,583	1,324	1,322	1,335	2,010	2,159	1,853	1,895	2,079	2,616
Operating Profit	288	416	466	554	125	−5.98	719	1,332	607	636	442	584
OPM %	23.9%	26.9%	22.9%	29.9%	9.0%	−0.5%	25.9%	37.9%	24.9%	24.9%	17.9%	18.3%
Other Income	156	181	121	−70.06	173	−241	158	396	271	349	947	447
Interest	0.99	0.99	1.99	1.99	1.99	1.99	2.99	1.99	2.99	1.99	6.98	19.92
Depreciation	131	151	119	96.15	92.19	94.21	98.23	81.13	80.17	95.12	115	137
Profit before tax	314	449	471	389	206	−344	781	1,656	800	892	1,272	879
Tax %	30.1%	27.0%	26.1%	43.0%	28.1%	−90.0%	43.1%	27.0%	25.1%	24.1%	25.1%	—
Exceptional items	0.00	0.00	0.00	−109	0.00	−419	0.00	0.00	0.00	9.98	671	36.96
Net Profit	218	324	346	219	145	−35.84	444	1,200	594	678	954	659
EPS (Rs)	6.92	10.26	10.94	6.94	4.63	−1.13	14.06	38.04	18.85	21.46	30.17	20.86
Dividend payout %	43.9%	28.9%	31.9%	29.0%	42.9%	−18.1%	31.0%	29.9%	51.0%	46.9%	32.0%	—

Gujarat Mineral Development Corporation balance sheet

₹ crore, at each year end.

Gujarat Mineral Development Corporation Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	64.12	64.17	64.17	64.15	64.19	64.19	64.20	64.20	64.20	64.22	64.20	64.18
Reserves	3,179	3,637	3,939	4,290	4,260	4,035	4,007	4,761	5,727	6,044	6,385	7,008
Borrowings	681	0.00	0.00	0.00	0.00	0.00	1.01	1.01	2.01	3.01	126	318
Other Liabilities	1,050	1,017	1,125	1,049	898	972	909	1,069	1,172	1,272	1,189	1,603
Total Liabilities	4,972	4,718	5,128	5,402	5,221	5,070	4,981	5,895	6,964	7,384	7,764	8,991
Fixed Assets	1,773	1,723	2,078	2,149	2,134	2,060	1,588	1,513	1,457	1,553	1,556	2,010
CWIP	955	30.89	20.94	10.96	0.99	3.99	5.98	22.91	27.90	291	772	1,244
Investments	121	643	656	781	428	264	298	595	490	565	483	463
Other Assets	2,123	2,320	2,374	2,462	2,659	2,743	3,089	3,764	4,988	4,975	4,952	5,276
Inventories	59.13	50.12	75.16	77.16	103	101	104	93.18	109	108	93.23	97.20
Trade receivables	81.22	97.35	119	111	147	140	145	206	186	101	85.29	72.23
Cash & equivalents	12.01	64.07	51.03	58.01	89.06	97.12	267	90.04	98.05	506	557	540
Total Assets	4,972	4,718	5,128	5,402	5,221	5,070	4,981	5,895	6,964	7,384	7,764	8,991

Gujarat Mineral Development Corporation cash flow

₹ crore, for each year.

Gujarat Mineral Development Corporation Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	101	205	453	242	143	1.01	148	482	936	110	1,070	746
Cash from investing activity	−12.96	−66.79	−349	−137	22.91	83.69	86.71	−672	−784	253	−812	−612
Cash from financing activity	−111	−115	−114	−96.66	−133	−76.67	−62.77	−6.98	−136	−363	−182	−153
Net cash flow	−22.96	21.97	−12.99	5.99	30.98	7.98	170	−199	7.99	0.00	67.93	−24.96
Capex	76.06	0.00	459	206	71.15	10.02	12.02	39.04	25.06	480	645	1,035
Free cash flow	26.99	205	−6.01	34.98	71.99	−8.99	135	443	908	−366	430	−289
CFO / OP %	61.0%	126.0%	140.0%	95.0%	61.0%	126.9%	−292.0%	98.0%	102.9%	56.0%	136.0%	201.9%

Gujarat Mineral Development Corporation ratios

Working-capital days and returns, by year.

Gujarat Mineral Development Corporation Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	22	31	29	21	30	36	41	28	20	16	13	11
Cash conversion cycle	21	30	28	20	29	35	40	27	19	15	12	10
Working capital days	240	356	228	178	228	271	290	153	147	228	201	277
ROCE %	16.1%	8.1%	12.1%	11.1%	14.1%	5.0%	1.0%	18.1%	31.1%	13.1%	14.1%	11.1%

Gujarat Mineral Development Corporation: frequently asked questions

What are the latest quarterly results of Gujarat Mineral Development Corporation?

For the Sep 2026 quarter, Gujarat Mineral Development Corporation reported sales of ₹899 Cr, up 71.1% year on year and net profit of ₹170 Cr, down 63.3% year on year. The operating margin was 20.9%.

What is the annual revenue of Gujarat Mineral Development Corporation?

Gujarat Mineral Development Corporation's sales for the year to Mar 2026 were ₹2,512 Cr; over the last twelve months they were ₹3,190 Cr.

What is the net profit of Gujarat Mineral Development Corporation?

Net profit for the year to Mar 2026 was ₹954 Cr, and ₹659 Cr over the last twelve months. Earnings per share over the same trailing period were ₹20.86.

How much debt does Gujarat Mineral Development Corporation have?

Gujarat Mineral Development Corporation reported borrowings of ₹318 Cr at Mar 2026, against cash and equivalents of ₹540 Cr.

What is the free cash flow of Gujarat Mineral Development Corporation?

Cash from operations was ₹746 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹289 Cr.

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