Today’s sharp uptick comes amid strong volumes. Trading activity remained strong, with around 3.47 crore GMDC shares changing hands, translating into a turnover of more than Rs 2,400 crore.
GMDC share price performance
GMDC shares have delivered strong returns across multiple timeframes. The stock has gained 36% over the past one month and is up 23% over the last six months. On a year-to-date basis, it has risen 21%, while over the past one year, it has surged 130%. Over a longer five-year period, the stock has been a standout performer, rallying as much as 1,200%.
GMDC Q3 snapshot
The company reported a net profit of Rs 133 crore in Q3 FY26, marking a 10% decline from Rs 147.7 crore in the same period last year.
Revenue for the quarter fell 11.3% to Rs 579 crore from Rs 653 crore in Q3 FY25. However, EBITDA rose 9.5% to Rs 101.2 crore compared with Rs 92.4 crore a year ago, with margins improving to 17.5% from 14.1% in the corresponding quarter.
GMDC is a leading mining and mineral processing company in India. It is the country’s largest merchant seller of lignite and the second-largest producer of lignite. The company is engaged in developing Gujarat’s mineral resources, including lignite and bauxite, and also has a diversified energy portfolio across thermal, wind, and solar power.In a separate development last month, the company announced that it entered into a Memorandum of Understanding (MoU) with Navratna firm NMDC to explore opportunities for collaboration in the Rare Earth Elements (REE) sector. The company said that the partnership will focus on assessing the potential development of an integrated rare earth value chain in Gujarat, including exploration, mining, beneficiation, processing and downstream applications.
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