By THE NEWSMAN OF INDIA.COM|Gujarat Mineral Development Corporation Ltd. (GMDC), a Government of Gujarat enterprise, has reported strong financial performance for the second quarter (Q2) and first half (H1) of FY27, registering significant year-on-year growth in revenue and EBITDA.

The company’s Q2 FY27 performance reflects a substantial improvement across key financial parameters. Revenue from Operations increased by 71% to ₹903 crore, compared to ₹528 crore in Q2 FY26. Total Revenue also rose by 55% to ₹987 crore, against ₹637 crore in the corresponding quarter of the previous financial year. EBITDA registered a growth of 46%, reaching ₹266 crore compared to ₹182 crore in Q2 FY26.

GMDC also recorded consistent growth during the first half of FY27. Revenue from Operations stood at ₹1,810 crore, marking a 44% increase over ₹1,260 crore in H1 FY26. Total Revenue grew by 36% to ₹1,970 crore, compared to ₹1,446 crore in the corresponding period last year.

EBITDA for H1 FY27 increased by 23% to ₹524 crore, against ₹428 crore in H1 FY26.

The financial results reflect GMDC’s continued focus on operational excellence, strengthening its resource capabilities and improving business performance. The company’s growth trajectory also highlights its contribution to India’s expanding mineral and industrial sectors.

As a key mineral development enterprise of Gujarat, GMDC continues to focus on creating sustainable value while supporting the country’s broader growth ambitions and the vision of Viksit Bharat.

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