GM

Gujarat Mineral Development Corporation Ltd

Q4 FY25Minerals & Mining

Gujarat Mineral Development Corporation Q4 FY25 earnings call: Revenue & Margins

Q4 FY25 earnings call: what management guided on revenue, margins and order book.

Price₹570
Market cap₹18.4K Cr
P/E32.3
Updated23 Aug 2026
Read4 min read

What the Q4 FY25 call signalled

2 of 4 strong

RevenueModerate growth
MarginMargins steady
CapexCapex planned
FundraiseFundraise planned

The short version

Lignite production expected to grow from current 8 million tons with 10%-15% growth in existing mines in FY'26. GMDC targets significant growth by 2030 with planned revenues reaching around Rs.

From Gujarat Mineral Development Corporation Ltd's Q4 FY25 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

Moderate growth
  • Lignite production expected to grow from current 8 million tons with 10%-15% growth in existing mines in FY'26.
  • Six new lignite mines under development, contributing from FY'27 onwards with potential for significant volume increase.
  • Target to reach 15 million tons lignite production by 2035.
  • Coal mine at Baitarani West to start groundbreaking in FY'26, ramping up rapidly to around 1 million tons in first year, then 3 million and 5 million tons in subsequent years.
  • Revenue from coal mines expected to be strong post ramp-up.
  • Overall revenue growth expected around 20%, majorly driven by Odisha coal and Bhavnagar lignite projects.

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Profitability & Margins

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Capital Expenditure Plans

Capex planned
  • Total planned CAPEX of approximately Rs. 13,000 crore till 2030 for various projects.
  • Rs. 3,000 crore to Rs. 4,000 crore allocated for critical mineral projects (including rare earths and copper).
  • Rs. 4,000 crore earmarked for coal projects.
  • Rs. 3,000 crore for lignite projects plus over Rs. 1,000 crore for existing lignite projects (including land acquisition).
  • Annual CAPEX typically ranges between Rs. 1,500 crore to Rs. 2,500 crore, with potential peaks over two years.
  • CAPEX distribution: 46% on land acquisition, 15% on rehabilitation & resettlement (R&R), and 30% on plant and machinery.
  • Land acquisition and R&R are subject to timing variability causing delays or accelerations.
  • CAPEX financing expected through cash reserves (~Rs. 2,000 crore), profit generation, and potential debt starting end of FY'27.

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Fundraising & Capital Structure

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Order Book & Pipeline

The transcript provided does not contain explicit information about the current or expected order book or pending orders for Gujarat Mineral Development Corporation Limited (GMDC). The discussion mainly revolves around project timelines, CAPEX, coal and lignite production, pricing, and future plans in rare earth and critical minerals. Specific details about order books or pending orders are not mentioned in the excerpts provided. If you need information on current or expected orders, it might be available in other sections of the full annual report or separate disclosures by the company.

Gujarat Mineral Development Corporation Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹814 Cr, net profit ₹194 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Others in Minerals & Mining this season

  • NMDC Ltd (Q4 FY25)

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Frequently Asked Questions

What were Gujarat Mineral Development Corporation Ltd Q4 FY25 results?

Lignite production expected to grow from current 8 million tons with 10%-15% growth in existing mines in FY'26. GMDC targets significant growth by 2030 with planned revenues reaching around Rs.

What is Gujarat Mineral Development Corporation Ltd share price analysis?

Gujarat Mineral Development Corporation Ltd currently shows a below-average growth signal. The stock trades at a P/E of 32.3 with a market cap of ₹18,441 Cr. Investors should review the full earnings analysis for detailed insights.

Is Gujarat Mineral Development Corporation Ltd planning capital expenditure?

Total planned CAPEX of approximately Rs.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.