Coal & Mining company Gujarat Mineral Development Corporation announced Q2FY26 results Revenue from Operations stood at Rs 528 crore as against Rs 593 crore in Q2FY25, primarily reflecting lower lignite offtake. EBITDA stood at Rs 182 crore versus Rs 203 crore in the corresponding quarter last year, with an EBITDA margin of 29% (vs 31% in Q2FY25), indicating continued operating efficiency in a softer topline environment. Other Income increased to Rs 109 crore (vs Rs 62 crore in Q2FY25), aiding overall profitability. The Company recorded an Exceptional Income of Rs 474 crore on account of write-back of GST Input Tax Credit, recognised during the quarter. As a result, Profit Before Tax (PBT) for the quarter stood at Rs 634 crore, as compared to Rs 183 crore in Q2FY25. Roopwant Singh, IAS, Managing Director, GMDC, said: “This quarter reflects a stable performance for GMDC. Seasonal monsoon conditions had a limited impact on mining activity, yet operations remained largely consistent. The one-time GST input has strengthened the quarterly financials, but our focus continues to remain on operational discipline and long-term value creation. We are steadily advancing our mining initiatives, improving productivity and supporting Gujarat’s and India’s industrial requirements in a reliable and responsible manner.” Result PDF
