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News Topical, Digital Desk : GMDC Q2 Results: Gujarat Mineral Development Corporation (GMDC) has released its September quarter (Q2 FY26) results. The company's consolidated profit increased year-over-year (YoY) from ₹128 crore to ₹466 crore. This increase was primarily driven by a one-time gain of ₹474 crore.
However, the company's operational performance has weakened. Consolidated revenue declined from ₹593 crore to ₹528 crore, while EBITDA also declined from ₹142 crore to ₹70 crore. The company's EBITDA margin also declined from 24% to 13.3%, reflecting a decline in operational efficiency.
According to market experts, while the company's net profit has increased due to one-time earnings, pressure remains in the core business. Improving operational performance in the coming quarters will be crucial for the company. GMDC shares fell 4% after Q2 results . Shares of GMDC witnessed a sharp decline on Thursday, November 14. Following the announcement of the company's September quarter (Q2 FY26) results, investors booked profits, causing the stock to close 3.7% lower at ₹567.05. During the day, the stock touched a low of ₹556.60 and a high of ₹596.95. The company's market cap hovers around ₹18,000 crore. The decline is believed to be due to the company's weak operational performance. While GMDC reported a consolidated profit increase from ₹128 crore to ₹466 crore in Q2, this increase was primarily due to a one-time gain of ₹474 crore. In contrast, both the company's EBITDA and margins declined sharply. According to analysts, weak revenue from core businesses and declining margins disappointed investors, leading to pressure on the stock.
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