{"id":138163,"date":"2022-11-30T02:44:55","date_gmt":"2022-11-30T07:44:55","guid":{"rendered":"https:\/\/44.250.171.167\/?p=138163"},"modified":"2022-11-30T02:44:57","modified_gmt":"2022-11-30T07:44:57","slug":"gujarat-narmada-valley-fertilizers-and-chemicals-limited-q2-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/gujarat-narmada-valley-fertilizers-and-chemicals-limited-q2-fy23-earnings-conference-call-insights\/","title":{"rendered":"Gujarat Narmada Valley Fertilizers and Chemicals Limited Q2 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><strong>Key highlights from Gujarat Narmada Valley Fertilizers and Chemicals Limited (<a href=\"https:\/\/44.250.171.167\/symbol\/GNFC\/\">GNFC<\/a>) Q2 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>[00:10:51] Nirav Jimudia from Anvil Research enquired how much of WNA (Weak Nitric Acid), GNFC had sold in the open market in FY22. Jiten Desai GM replied that in FY22, the company sold about 1,15,000 metric tons and the rest was consumed internally.<\/li>\n<\/ul>\n<ul>\n<li>[00:11:41] Nirav Jimudia of Anvil Research asked about an update on the new concentrated nitric acid plant of 50,000 tons. Y. N. Patel Head of Operation replied that the project is likely to commission by February, March.<\/li>\n<\/ul>\n<ul>\n<li>[00:13:23] Nirav Jimudia with Anvil Research asked about the breakdown of ammonia produced in FY22 between chemicals and fertilizers. D. V. Parikh CFO answered that normally, of the ammonia produced, one-third is for chemicals and two-third is for fertilizer.<\/li>\n<\/ul>\n<ul>\n<li>[00:14:16] Nirav Jimudia with Anvil Research asked about the cost of production of ammonia when it\u2019s produced through oil and gas respectively. \u00a0D. V. Parikh CFO said that the cost of production of ammonia from gas during 2Q23 and FY23 has been higher due to the gas prices.<\/li>\n<\/ul>\n<ul>\n<li>[00:18:02] Prayatn Mahajan of Balyasny Asset asked about the revenue contribution from TDI segment and others, and EBIT for TDI. Jiten Desai GM answered that TDI contribution in the total revenue is around 17-18%. GNFC added that it has been steadying both in FY22 and 1H23. \u00a0EBITDA for TDI is negative.<\/li>\n<\/ul>\n<ul>\n<li>[00:20:05] Prayatn Mahajan of Balyasny Asset enquired about the most valuable chemical for GNFC from an earnings standpoint. D. V. Parikh CFO answered that at different points in time different chemicals perform. TDI also said it generated good revenue but it was not profitable at the net level.<\/li>\n<\/ul>\n<ul>\n<li>[00:24:00] Nishith Shah from Aequitas Investments asked about the current RM prices trend post 2Q23. D. V. Parikh CFO answered that gas spot prices have softened after 2Q23. Other petrochemical prices have also softened. However there are monthly trends in these.<\/li>\n<\/ul>\n<ul>\n<li>[00:25:05] Nishith Shah with Aequitas Investments asked about imports currently in terms of volume and pricing. D. V. Parikh CFO answered that on volume operations are stable both at Baruch to Dahej. On prices, the current levels are okay and future cannot be predicted as it\u2019s very volatile.<\/li>\n<\/ul>\n<ul>\n<li>[00:36:17] Manvardhan Vaid from Laurel Investment asked that with interest rate rising and GNFC having a significant cash balance, if it\u2019s benefiting from the interest rate. D. V. Parikh CFO answered that it\u2019s already reflected in the other income part of the P&amp;L. The other income has gone up mainly due to interest and dividend.<\/li>\n<\/ul>\n<ul>\n<li>[00:37:17] Nirav Jimudia from Anvil Research enquired about the breakeven cost for the TDI plant at Baruch to Dahej considering the current tolling prices and CNA prices. D. V. Parikh CFO replied that CNA, GNFC factors only at cost. Breakeven depends upon the contribution margin gained for covering the fixed cost.<\/li>\n<\/ul>\n<ul>\n<li>[00:46:23] Sandeep Abhange with Anand Rathi asked that going ahead, where GNFC can expect the margins to be stabilizing.\u00a0 Manish Upadhyay answered that in 2H the company gets a good price. And so for one month or two month time the urea price may be stable or on the slightly lower side. However, GNFC will be expecting a better price realization after that period.<\/li>\n<\/ul>\n<ul>\n<li>[00:50:51] Maan Vardhan Baid from Laurel Investment asked about the gas prices going up and if there will be any advantage in the long run, like capacities globally getting mothballed etc. Jiten Desai GM said that it will have some advantage but not fully.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Gujarat Narmada Valley Fertilizers and Chemicals Limited (GNFC) Q2 FY23 Earnings Concall Q&amp;A Highlights: [00:10:51] Nirav Jimudia from Anvil Research enquired how much of WNA (Weak Nitric Acid), GNFC had sold in the open market in FY22. Jiten Desai GM replied that in FY22, the company sold about 1,15,000 metric tons and [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"Gujarat Narmada Valley Fertilizers and Chemicals Limited Q2 FY23 Earnings Conference Call Insights #GNFC #Q2 #FY23 #Earnings #Stocks","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,5753],"tags":[8519,10169],"class_list":["post-138163","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-industrials","tag-chemicals","tag-earnings"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":127320,"url":"https:\/\/alphastreet.com\/india\/gujarat-narmada-valley-fertilizers-and-chemicals-ltd-q3-fy22-earnings-conference-call-insights\/","url_meta":{"origin":138163,"position":0},"title":"Gujarat Narmada Valley Fertilizers and Chemicals Ltd Q3 FY22 Earnings Conference Call Insights","author":"Praveen","date":"February 14, 2022","format":false,"excerpt":"https:\/\/www.youtube.com\/watch?v=kVky-HKq_to&t=73s Key highlights from Gujarat Narmada Valley Fertilizers and Chemicals Ltd (GNFC) Q3 FY22 Earnings Concall Management Update: The company said there have been significant developments internationally and domestically comparing 2Q22 to 3Q22. Internationally, energy prices are on the wild, be it gas, oil or coal. Though these prices should\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":140717,"url":"https:\/\/alphastreet.com\/india\/gujarat-narmada-valley-fertilizers-and-chemicals-limited-gnfc-q3-fy23-earnings-concall-transcript\/","url_meta":{"origin":138163,"position":1},"title":"Gujarat Narmada Valley Fertilizers and Chemicals Limited (GNFC) Q3 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"February 9, 2023","format":false,"excerpt":"Gujarat Narmada Valley Fertilizers and Chemicals Limited (NSE:GNFC) Q3 FY23 Earnings Concall dated Feb. 08, 2023. Corporate Participants: Unidentified Speaker\u00a0-- Y. N. Patel\u00a0--\u00a0Head of Operation and Maintenance Tejas Shah\u00a0--\u00a0IP Marketing A.C. Shah\u00a0--\u00a0Company Secretary and General Manager D.V. Parikh\u00a0--\u00a0Chief Financial Officer & General Manager Analysts: Nitesh Vaghela\u00a0--\u00a0Anurag Services LLP -- Analyst\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":173817,"url":"https:\/\/alphastreet.com\/india\/gujarat-narmada-valley-fertilizers-and-chemicals-limited-gnfc-q2-2025-earnings-call-transcript\/","url_meta":{"origin":138163,"position":2},"title":"Gujarat Narmada Valley Fertilizers and Chemicals Limited (GNFC) Q2 2025 Earnings Call Transcript","author":"News desk","date":"January 22, 2026","format":false,"excerpt":"Gujarat Narmada Valley Fertilizers and Chemicals Limited (NSE: GNFC) Q2 2025 Earnings Call dated Nov. 14, 2024 Corporate Participants: Shri D V Parikh \u2014 Chief Financial Officer Shri Y N Patel \u2014 Head of Department (Operations and Maintenance) Mr. Manish Upadhyay \u2014 Additional General Manager Ms. Chetna Dharajiya \u2014 Company\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":146576,"url":"https:\/\/alphastreet.com\/india\/earnings-summary-of-gujarat-narmada-valley-fertilizers-chemicals-limited-for-q4-fy23\/","url_meta":{"origin":138163,"position":3},"title":"Earnings Summary Of Gujarat Narmada Valley Fertilizers &#038; Chemicals Limited For Q4 FY23","author":"Hardik Bhandare","date":"May 18, 2023","format":false,"excerpt":"Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) is a leading Indian company engaged in the manufacturing and marketing of fertilizers, chemicals, and petrochemicals. With its headquarters in Bharuch, Gujarat, GNFC plays a vital role in the agricultural and chemical sectors. GNFC operates through multiple business segments, including Fertilizers, Chemicals,\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-2-6.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-2-6.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-2-6.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-2-6.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-2-6.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-2-6.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":138051,"url":"https:\/\/alphastreet.com\/india\/gujarat-narmada-valley-fertilizers-and-chemicals-limited-gnfc-q2-fy23-earnings-concall-transcript\/","url_meta":{"origin":138163,"position":4},"title":"Gujarat Narmada Valley Fertilizers and Chemicals Limited (GNFC) Q2 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"November 11, 2022","format":false,"excerpt":"Gujarat Narmada Valley Fertilizers and Chemicals Limited\u00a0(NSE:GNFC) Q2\u00a0FY23 Earnings Concall dated Nov. 11, 2022 Corporate Participants: Nitesh Vaghela -- Investor Relations D. V. Parikh -- Chief Financial Officer Manish Upadhyay -- Head Industrial Products Chemicals Jiten Desai -- General Manager, Industrial Products, Marketing Department Y. N. Patel -- Head of\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":180818,"url":"https:\/\/alphastreet.com\/india\/gujarat-narmada-valley-fertilizers-and-chemicals-limited-gnfc-q3-2026-earnings-call-transcript\/","url_meta":{"origin":138163,"position":5},"title":"Gujarat Narmada Valley Fertilizers and Chemicals Limited (GNFC) Q3 2026 Earnings Call Transcript","author":"News desk","date":"February 13, 2026","format":false,"excerpt":"Gujarat Narmada Valley Fertilizers and Chemicals Limited (NSE: GNFC) Q3 2026 Earnings Call dated Feb. 11, 2026 Corporate Participants: Unidentified Speaker D. V. Parikh \u2014 Executive Director & Chief Financial Officer Tejas Shah \u2014 General Manager of Marketing Nitin Patel \u2014 Executive Director Rajesh Pillai \u2014 Company Secretary and Compliance\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/138163","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=138163"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/138163\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=138163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=138163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=138163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}