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GMDC Q2 results: Revenue jumps 71%, net profit declines 63% from last year - Published OnOct 30, 2026 | 13:21 IST - Last Updated OnOct 30, 2026 | 13:21 IST At the operating level, EBITDA increased to ₹191 crore from ₹69.4 crore a year ago. The EBITDA margin also improved to 21%, compared with 13% in the September quarter of the previous financial year. Gujarat Mineral Development Corporation (GMDC) reported a mixed set of results for the September quarter of FY27 on Friday, October 30, with revenue registering strong year-on-year growth even as net profit declined sharply. The company's revenue rose 71.2% to ₹903 crore in Q2 FY27, compared with ₹527.6 crore in the corresponding quarter last year. Net profit, however, fell 63.3% year-on-year to ₹171 crore from ₹466 crore in the year-ago period. At the operating level, EBITDA increased to ₹191 crore from ₹69.4 crore a year ago. The EBITDA margin also improved to 21%, compared with 13% in the September quarter of the previous financial year. Following the earnings announcement, shares of Gujarat Mineral Development Corporation were trading 4% lower at ₹421.90 on Friday. The stock has declined around 30% so far in 2026.
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