5321812026-07-012026-09-305321812026-09-305321812026-03-315321812026-04-012026-09-305321812026-07-012026-09-30in-capmkt:OtherExpenses1Member5321812026-07-012026-09-30in-capmkt:OtherExpenses2Member5321812026-07-012026-09-30in-capmkt:OtherExpenses3Member5321812026-04-012026-09-30in-capmkt:OtherExpenses1Member5321812026-04-012026-09-30in-capmkt:OtherExpenses2Member5321812026-04-012026-09-30in-capmkt:OtherExpenses3Member5321812026-09-30OtherNoncurrentFinancialAssetsDomain15321812026-09-30OtherNoncurrentFinancialAssetsDomain25321812026-09-30OtherNoncurrentFinancialAssetsDomain35321812026-09-30OtherNoncurrentFinancialAssetsDomain45321812026-09-30OtherNoncurrentFinancialAssetsDomain55321812026-09-30OtherNoncurrentFinancialAssetsDomain65321812026-09-30OtherNoncurrentFinancialAssetsDomain75321812026-09-30OtherNoncurrentFinancialAssetsDomain85321812026-09-30OtherNoncurrentFinancialAssetsDomain95321812026-09-30OtherNoncurrentAssetsDomain15321812026-09-30OtherNoncurrentAssetsDomain25321812026-09-30OtherNoncurrentAssetsDomain35321812026-09-30OtherNoncurrentAssetsDomain45321812026-09-30OtherNoncurrentAssetsDomain55321812026-09-30OtherCurrentFinancialAssetsDomain15321812026-09-30OtherCurrentFinancialAssetsDomain25321812026-09-30OtherCurrentFinancialAssetsDomain35321812026-09-30OtherCurrentFinancialAssetsDomain45321812026-09-30OtherCurrentFinancialAssetsDomain55321812026-09-30OtherCurrentFinancialAssetsDomain65321812026-09-30OtherCurrentAssetsDomain15321812026-09-30OtherCurrentAssetsDomain25321812026-09-30OtherCurrentAssetsDomain35321812026-09-30OtherNoncurrentFinancialLiabilitiesDomain15321812026-09-30OtherNoncurrentFinancialLiabilitiesDomain25321812026-09-30OtherNoncurrentLiabilitiesDomain15321812026-09-30OtherCurrentFinancialLiabilitiesDomain15321812026-09-30OtherCurrentFinancialLiabilitiesDomain25321812026-09-30OtherCurrentFinancialLiabilitiesDomain35321812026-09-30OtherCurrentFinancialLiabilitiesDomain45321812026-09-30OtherCurrentFinancialLiabilitiesDomain55321812026-09-30OtherCurrentFinancialLiabilitiesDomain65321812026-09-30OtherCurrentLiabilitiesDomain15321812026-09-30OtherCurrentLiabilitiesDomain25321812026-09-30OtherCurrentLiabilitiesDomain35321812026-07-012026-09-30in-capmkt:ReportableSegments1Member5321812026-07-012026-09-30in-capmkt:ReportableSegments2Member5321812026-04-012026-09-30in-capmkt:ReportableSegments1Member5321812026-04-012026-09-30in-capmkt:ReportableSegments2Member5321812026-07-012026-09-30in-capmkt:ReportableSegments1Member5321812026-07-012026-09-30in-capmkt:ReportableSegments2Member5321812026-04-012026-09-30in-capmkt:ReportableSegments1Member5321812026-04-012026-09-30in-capmkt:ReportableSegments2Member5321812026-07-012026-09-30in-capmkt:ReportableSegments1Member5321812026-09-30in-capmkt:ReportableSegments1Member5321812026-07-012026-09-30in-capmkt:ReportableSegments2Member5321812026-09-30in-capmkt:ReportableSegments2Member5321812026-07-012026-09-30in-capmkt:ReportableSegments1Member5321812026-09-30in-capmkt:ReportableSegments1Member5321812026-07-012026-09-30in-capmkt:ReportableSegments2Member5321812026-09-30in-capmkt:ReportableSegments2Member5321812026-07-012026-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15321812026-07-012026-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss25321812026-04-012026-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15321812026-04-012026-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss2iso4217:INRxbrli:pureiso4217:INRxbrli:shares532181GMDCLTDNOTLISTEDINE131A01031GUJARAT MINERAL DEVELOPMENT CORPORATION LIMITEDMain BoardEquity2026-04-012027-03-312026-10-302026-10-14INRCroresQuarterlySecond quarterMulti segment2026-10-3010:00:002026-10-3012:10:00trueCash Flow IndirectNot applicable2026-07-012026-09-30UnauditedConsolidated9029700000838100000986780000000-94000004094000006600000032830000067275000007521800000234600000002346000000634000000-30000063370000001712300000000-44000001707900000-377000001670200000000063600000025.375.37005.375.370.04710.820936.54552026-04-012026-09-30UnauditedConsolidated18096100000159960000019695700000004840000083210000013210000066160000013403000000150772000004618500000046185000001282200000-6100000127610000003342400000000-2000003342200000-10250000032397000000000636000000210.5110.510010.5110.510.04711.621435.9621Outstanding debt of company is lower than EBITDACompany's interest for second qtr stands at 6.60 and for first half stands at 13.21 whereas EBIT stands at 241.20 and 475.06 respectively. <br /> Royalties and other tax levies724800000Loading of lignite and overburden removal expenses4340100000Other Expenses1662600000Royalties and other tax levies1591800000Loading of lignite and overburden removal expenses8707900000Other Expenses3103300000144833000002240800000338900000047811000001302640000001296000004545300000061400000136952000001830190000006585300000598873000009530000000107820000022815000004458000000373000001574040000023595400000332500000632290000031203800000660000009109770000063600000070310100000709461000007094610000029803000000005040000003484300000768390000097990000004440000012192500000357700000138000002345500000235930000028057000005522700000140530000070460000003265000007959100000002015160000091097700000Security deposits60500000Bank Deposits with Original maturity more than 12 Months12000000Deposits with Corporate Bodies185200000Balance with banks in Escrow Accounts13306400000Advance to others (Proposed JV to be formed with MOIL)76900000Others - Receivable from KEPCO54200000Deposits with Corporate Bodies - Doubtful421200000Others *3800000Less: Provision for impairment-425000000Capital advances180700000Advances to contractors / suppliers663400000Balances with Government Authorities3714800000Prepaid expenses128600000Non-Current Tax Assets (Net)1897800000Security deposits36100000Bank Deposits with Original maturity more than 12 Months (Security against borrowings (overdraft facility)/guarantees)1228800000Deposits with Corporate Bodies13719300000Advance for Gratuity to Employee205000000Government Grant Receivables362200000Others189000000Balances with Government Authorities6065600000Prepaid Expenses217100000Advances to contractors / suppliers40200000Lease Liabilities75300000Security and other deposits liability428700000Deferred Operation & Maintenance Liability44400000Lease Liabilities12400000Capital Creditor1727700000Unpaid Dividends18500000Earnest money deposits75000000Security and other deposits liability387600000Other financial liabilities584500000Advance from customers (Contract Liabilities)675900000Statutory taxes payable682800000Others46600000Mining8099000000Power1359700000Mining16509100000Power2472200000945870000018981300000429000000885200000902970000018096100000Mining1942600000Power87000000Mining4023300000Power270000002029600000405030000066000000132100000-382400000-70030000023460000004618500000Mining42686700000Power11992900000546796000003641810000091097700000Mining12739200000Power80310000013542300000660930000020151600000The above results have been reviewed by the Audit Committee of the Board of Directors in its meeting held on 29 October, 2026 and the same have been taken on record by the Board of Directors in its meeting held on 30 October, 2026. <br /> <br /> The following Joint Ventures and Associates are considered in consolidated financial results: <br /> Name of Entity Relationship <br /> Naini Coal Company Limited Joint Venture <br /> Swarnim Gujarat Flourspar Private Limited Joint Venture <br /> Gujarat Jaypee Cement and Infrastructure Limited Associate <br /> Gujarat Credo Mineral Industries Limited Associate <br /> Aikya Chemicals Private Limited Associate <br /> <br /> The above financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under Section 133 of the Companies Act, 2013, read together with the Companies (Indian Accounting Standard) Rules, 2015 (as amended). <br /> <br /> Pursuant to the Composite Scheme of Amalgamation and Arrangement sanctioned by the Ministry of Corporate Affairs on 8th April 2026 (effective from filing with RoC, Ahmedabad on 1st May 2026), the Company’s investment in Gujarat State Petroleum Corporation Limited (GSPC) stood extinguished. In lieu thereof, on the Record Date of 12th May 2026, the Company received 10 equity shares of Rs.2/- each of Gujarat Energy Limited (GEL) for every 305 shares held in GSPC. Further, pursuant to the demerger of the gas transmission undertaking, the Company was allotted, on 12th July 2026, 1 equity share of Rs.10/- each of GSPL Transmission Limited (GTL) for every 3 shares held in GEL. <br /> <br /> With the recent changes in GST Rate with effect from 22/09/2025 on the supply of Lignite (from earlier 5% to now 18% supplemented with removal of compensation cess), the Company is eligible to utlise GST Input Credit of Rs. 474.43 Crores (available in ECL), which was expensed out in earlier financial periods considering remote possibilities of utilisation of input tax credit against output tax liabilities when the supply of lignite was under inverted duty structure. Accordingly, the Company has recognized the input tax credit asset of Rs. 474.43 Crore in Q2, FY 26 with consequential credit as an exceptional item in the Statement of Profit and Loss considering revised realisation estimate owing to cessation of inverted duty structure. <br /> <br /> Corresponding figures of the previous periods / year's have been re-grouped / re-arranged / re-classified / restated and revised, wherever necessary, for rounding off to nearest crore rupee and / or to make them comparable with the figures of the current period. <br /> <br /> 1320000008400000-353600000003211100000-25310000000-2280000000-485000000661600000013871000000-185700000001010000008196000000000000341070000080292000000001182200000-128200000671880000000000000190000029592000000000000000000000010100000011505000000-889600000-2595400000000000000-24430000083000003021000000000-27850000001338400000013384000009431000002281500000Changes in fair value of equity instruments measured at fair value through other comprehensive income ( FVTOCI)-87700000Remeasurement of post - employment benefit obligations1800000-85900000Changes in fair value of equity instruments measured at fair value through other comprehensive income ( FVTOCI)39800000Remeasurement of post - employment benefit obligations2740000067200000-4820000016970000000-37700000-102500000