Gujarat Mineral Development Corporation Ltd Share Price – NSE /  BSE

Mining & Mineral products, Small Cap

Gujarat Mineral Development Corp. announced that the Board of Directors of the Company at its meeting held on 14 May 2026, inter alia, have recommended the final dividend of Rs 9.5 per equity Share (i.e. 475%) , subject to the approval of the shareholders.

Net profit of Gujarat Mineral Development Corporation declined 14.20% to Rs 194.09 crore in the quarter ended March 2026 as against Rs 226.22 crore during the previous quarter ended March 2025. Sales rose 3.53% to Rs 814.05 crore in the quarter ended March 2026 as against Rs 786.28 crore during the previous quarter ended March 2025.

For the full year,net profit rose 40.72% to Rs 956.67 crore in the year ended March 2026 as against Rs 679.85 crore during the previous year ended March 2025. Sales declined 6.93% to Rs 2653.38 crore in the year ended March 2026 as against Rs 2850.84 crore during the previous year ended March 2025.

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Gujarat Mineral Development Corp. will hold a meeting of the Board of Directors of the Company on 14 May 2026.

The stock touched a fresh record high of Rs 736 during the day?s trade, reflecting sustained buying interest.

Over the three sessions, the stock has gained 22.59%. The momentum has been even stronger over a longer horizon, with the stock rising 38.89% in the past one month and 23.26% on a year-to-date basis.

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.

On a consolidated basis, GMDC's net profit declined 9.89% to Rs 133.06 crore while net sales declined 11.37% to Rs 579.15 crore in Q3 December 2025 over Q3 December 2024.