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In contrast, PAT jumped 264.27% YoY to Rs 465.75 crore, boosted by a sharp rise in exceptional income. GMDC booked an exceptional gain of Rs 474.43 crore following the GST rate hike on lignite from 5% to 18% effective 22 September 2025 and the removal of compensation cess. The change ended the earlier inverted duty structure, enabling the company to recognise accumulated input tax credit that had been expensed in prior periods.
Total expenses rose 1.51% YoY to Rs 480.49 crore. Employee costs surged 90.95% YoY to Rs 75.75 crore, while current tax expense soared 208.10% YoY to Rs 166.13 crore.
Net cash flow from operating activities stood at Rs 257.43 crore in H1 FY26, lower than Rs 413.20 crore in H1 FY25.
GMDC, India’s second-largest lignite producer and the leading merchant seller of lignite, is a state-owned enterprise with the Gujarat government holding a 74% stake. The company mines lignite from deposit-rich regions across the state and supplies it to high-growth industries such as textiles, chemicals, ceramics, bricks, and captive power.
The recent rally in GMDC shares has been supported by expectations of the government’s push towards rare earth mining to strengthen domestic supply chains for critical minerals used in electric vehicles, renewable energy and high-tech electronics. GMDC is developing rare earth deposits in Gujarat's Chhota Udaipur district and plans to build an integrated supply chain from mining to processing.
Brokerages, however, remain cautious on valuations, citing slower-than-expected ramp-up at lignite mines and limited visibility on rare earth projects.
The company's standalone net profit declined 11.07% to Rs 164.13 crore on a 10.45% drop in revenue from operations to Rs 732.60 crore in Q1 FY26 over Q1 FY25.
Moschip Technologies Ltd, Gujarat Mineral Development Corporation Ltd, Dilip Buildcon Ltd and Strides Pharma Science Ltd are among the other gainers in the BSE's 'A' group today, 11 September 2025.
Sanghvi Movers Ltd surged 11.23% to Rs 363 at 11:47 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 3.74 lakh shares were traded on the counter so far as against the average daily volumes of 62787 shares in the past one month.
Moschip Technologies Ltd spiked 6.70% to Rs 251.7. The stock was the second biggest gainer in 'A' group. On the BSE, 19.9 lakh shares were traded on the counter so far as against the average daily volumes of 14.48 lakh shares in the past one month.
Gujarat Mineral Development Corporation Ltd soared 6.62% to Rs 557.15. The stock was the third biggest gainer in 'A' group. On the BSE, 9.9 lakh shares were traded on the counter so far as against the average daily volumes of 3.97 lakh shares in the past one month.
Dilip Buildcon Ltd advanced 5.95% to Rs 519.4. The stock was the fourth biggest gainer in 'A' group. On the BSE, 1.05 lakh shares were traded on the counter so far as against the average daily volumes of 69377 shares in the past one month.
Strides Pharma Science Ltd spurt 4.60% to Rs 913.85. The stock was the fifth biggest gainer in 'A' group. On the BSE, 47582 shares were traded on the counter so far as against the average daily volumes of 16834 shares in the past one month.
The recent rally in GMDC shares has been supported by expectations of the government’s push towards rare earth mining to strengthen domestic supply chains for critical minerals used in electric vehicles, renewable energy and high-tech electronics. GMDC is developing rare earth deposits in Gujarat’s Chhota Udaipur district and plans to build an integrated supply chain from mining to processing.
The PSU, India’s second-largest lignite producer and a zero-debt company, has also diversified into thermal, wind and solar power.
The company’s standalone net profit declined 11.07% to Rs 164.13 crore on a 10.45% drop in revenue from operations to Rs 732.60 crore in Q1 FY26 over Q1 FY25.