Gujarat Mineral Development Corporation (GMDC), a state-owned mining company, reported a 20.8% increase in consolidated net profit for the quarter ending March 31, 2025. The profit stood at ₹226.22 crore, up from ₹187.24 crore in the same quarter last year.
The company’s total income for the January–March quarter rose to ₹904.33 crore, compared to ₹822.04 crore in the year-ago period. This growth in revenue supported the rise in profit.
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GMDC’s total expenses also increased during the quarter, reaching ₹619.44 crore, up from ₹585.02 crore in the same period last year.
GMDC is India’s second-largest producer of lignite, a key energy resource. The company plays a major role in supplying minerals essential for energy and industrial use.
Diverse Mining Operations
In addition to lignite, GMDC explores and mines various other minerals, including:
The company is also active in the energy and renewable energy sectors, expanding its footprint beyond mining.
Founded in 1963 and based in Ahmedabad, Gujarat Mineral Development Corporation Ltd is a key public sector enterprise. It focuses on mining and selling lignite and industrial minerals and has emerged as a crucial player in India's energy and mineral supply chain.
On May 15, 2025, shares of Gujarat Mineral Development Corporation share price (NSE: GMDCLTD) closed at ₹330.10, up ₹11.00 or 3.45%. The stock opened at ₹321.25 and touched an intraday high of ₹333.80 and a low of ₹320.50.
The company has a market capitalisation of ₹10,500 crore, a price-to-earnings (P/E) ratio of 15.75, and offers a dividend yield of 2.89%. Its quarterly dividend amount is ₹2.38 per share. The stock's 52-week high is ₹442.00, while the 52-week low is ₹226.59.
GMDC’s strong Q4 performance highlights its steady revenue growth and efficient mining operations. With its diverse mineral portfolio and presence in energy sectors, the company remains a vital contributor to India’s natural resources and energy supply chain.
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Published on: May 15, 2025, 5:04 PM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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