GMDC Declares Q1 FY27 Unaudited Results; Approves MoUs
Gujarat Mineral Development Corporation Ltd (GMDC) announced its unaudited financial results for the quarter ended June 30, 2026. The company reported a total income from operations of ₹906.64 crore and a net profit after tax of ₹163.0 crore on a standalone basis. Consolidated figures show total income from operations at ₹956.67 crore and net profit after tax at ₹194.09 crore. The Board also approved Memorandums of Understanding (MoUs) with Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) for coal-to-chemicals opportunities and with IREL (India) Limited to explore Rare Earth Elements (REE) sector collaboration. The Board meeting commenced at 11:00 AM and concluded at 1:10 PM on July 31, 2026.
Key Highlights
- GMDC reports standalone Q1 FY27 net profit of ₹163.0 crore.
- Consolidated net profit for Q1 FY27 stands at ₹194.09 crore.
- Approved MoU with GNFC for coal-to-chemicals using gasification.
- Approved MoU with IREL (India) Limited for Rare Earth Elements collaboration.
- Financial results and MoUs approved by the Board on July 31, 2026.
Price Impact
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