GMDC Pays ₹302.10 Crore Dividend For FY2025-26, With Gujarat Government Receiving ₹223.55 Crore In Payout
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Gujarat Mineral Development Corporation (GMDC) has paid out a total of ₹302.10 crore in final dividends. This includes a payment of ₹223.55 crore to the Gujarat government.
Gujarat Mineral Development Corporation (GMDC) has paid a total final dividend of ₹302.10 crore to its shareholders for FY2025-26. The Gujarat government owns a 74% stake in the company and has received ₹223.55 crore out of the total amount.
The dividend was set at ₹9.50 per equity share with a face value of ₹2. This makes it equivalent to a 475% payout. Shareholders approved the decision at the company’s annual general meeting on 30 September 2026.
The GMDC share price was down by 3.43% to close at ₹443 on 21 October 2026 on the National Stock Exchange (NSE).
How Did GMDC Perform Financially In FY2025-26?
GMDC’s standalone profit after tax increased to ₹990.81 crore in FY2025-26 from ₹687.92 crore in the previous financial year. The company’s profit included an exceptional gain of ₹522.65 crore from input tax credit following the rationalisation of Goods and Services Tax (GST) rates on lignite.
The total dividend represents around 30% of standalone profit after tax. Over the five financial years from FY2021-22 to FY2025-26, GMDC’s dividend payments to the Gujarat government have exceeded ₹1,050 crore.
What Does Gujarat Mineral Development Corporation Do?
Established in 1963, GMDC is a Government of Gujarat enterprise and a major lignite producer. It operates five lignite mines across Kutch, South Gujarat and Bhavnagar. Its business also covers bauxite, fluorspar, manganese and limestone, alongside a 250 MW lignite-based thermal power station at Akrimota, renewable energy assets and critical mineral projects.
Managing Director Ajay Bhadoo, IAS, said the company intends to strengthen its lignite business while advancing coal and critical mineral projects. Its portfolio includes three coal blocks in Odisha, projects involving copper and rare earth elements, and 205.9 megawatts (MW) of wind and solar capacity.
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
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