Shares of Gujarat Mineral Development Corp fell 4% to ₹421.90 immediately after the Q2 FY27 earnings release, a reaction that mirrored the sharp decline in net profit.
Revenue surged to ₹903 crore, a 71.2% jump from ₹527.6 crore in the same quarter last year, underscoring continued demand for the company’s mineral output.
EBITDA climbed to ₹191 crore from ₹69.4 crore YoY, lifting the margin to 21% versus 13% previously, indicating improved operating efficiency amid higher commodity sales.
The stock has slipped roughly 30% in 2026, a trend that reflects broader volatility in the mining sector and investor caution over rising operational costs.
No guidance was issued for Q3 FY27; investors will await the next filing in early 2027 to gauge future earnings prospects.