Gujarat Narmada Valley Fertilizers & Chemicals Ltd Q3FY24; 70% fall in Profits

Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC), is a joint sector enterprise promoted by the Gujarat State Investments Limited (GSIL), a Government of Gujarat undertaking, and the Gujarat State Fertilizers & Chemicals Ltd.(GSFC). The company was set up in Bharuch in 1976 while its manufacturing and marketing operations were started in 1982. The company operates businesses mainly in the Industrial Chemicals, Fertilizers apart from the small presence of IT services. In the chemical segment, it has a product portfolio of various bulk chemicals that are used in industries for manufacturing various specialty chemicals as well as end products.

Financial Results:

Gujarat Narmada Valley Fertilizers & Chemicals Ltd reported Revenues for Q3FY24 of ₹2,088.00 Crores down from ₹2,673.00 Crore year on year, a fall of 21.89%.

Total Expenses for Q3FY24 of ₹2,087.00 Crores down from ₹2,312.00 Crores year on year, a fall of 9.73%.

Consolidated Net Profit of ₹97.00 Crores down 70.25% from ₹326.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹6.60, down 68.54% from ₹20.98 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.