Gujarat Mineral Development (GMDCLTD) Q1 25/26 earnings summary

Executive summary

• Revenue from operations for Q1 FY26 was ₹733 Cr, down 10% year-over-year.

• EBITDA for Q1 FY26 stood at ₹117 Cr, a 9% increase compared to Q1 FY25.

• Profit before tax for Q1 FY26 was ₹225 Cr, down 10% year-over-year.

• Standalone net profit after tax was ₹164.13 Cr, compared to ₹184.57 Cr year-over-year.

• Unaudited standalone and consolidated financial results for the quarter ended June 30, 2025, were approved and released, with a limited review by statutory auditors.

Financial highlights

• Gross sales for Q1 FY26 were ₹819 Cr, a 10% decrease year-over-year.

• Standalone total income from operations was ₹732.60 Cr, down from ₹818.13 Cr year-over-year.

• EBITDA margin was 30% in Q1 FY26, compared to 31% in Q1 FY25.

• Variable expenses decreased by 11% to ₹436 Cr; fixed expenses decreased by 9% to ₹247 Cr.

• Standalone reserves (excluding revaluation) stood at ₹6,309.83 Cr; consolidated reserves at ₹6,348.14 Cr.

Outlook and guidance

• Project Shikhar, a strategic transformation initiative, is underway to drive future growth.