Gujarat Mineral Development (GMDCLTD) — Corporate Action

GMDCLTD announced a ₹9.50 per share dividend (475% payout) for FY 2025–26, subject to shareholder approval at the AGM, following audited results showing ₹1,485.59 crore total income and [amount context mismatch] crore profit before tax. The Board approved the payout after recognizing [amount context mismatch] crore of previously expensed GST input credit as an exceptional item due to a GST rate hike on lignite, alongside a ₹30.02 crore ITC asset restoration from resolved tax litigation. Segment revenue stood at ₹774.37 crore from Mining and ₹81.65 crore from Power, with total segment assets at ₹8,978.89 crore. The unmodified audit confirms compliance, though derecognition of subsidiaries contributed to a net loss in other expenses.

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About Gujarat Mineral Development Corporation Limited (GMDCLTD)

Metals & Mining · Mining & Mineral products · Listed on NSE

Market Cap: ₹17,879.55 Cr P/E: 18.7 ROE: 14.9% ROCE: 19.6% Div Yield: 1.69%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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