GNFC Q4 profit surges 88% on better realisations, lower costs; ₹21 dividend declared

GNFC Q4 profit surges 88% on better realisations, lower costs; ₹21 dividend declared


Gujarat Narmada Valley Fertilizers & Chemicals Ltd on Monday, May 18, reported an 87.7% year-on-year rise in consolidated net profit for the fourth quarter at ₹396 crore, compared with ₹211 crore a year earlier, aided by better sales realisations and lower input costs.

Revenue for Q4FY26 rose 7.4% to ₹2,208 crore from ₹2,055 crore in the year-ago period. EBITDA nearly doubled to ₹482 crore from ₹240 crore, while the EBITDA margin expanded to 21.8% from 11.7%.

Managing Director Rajkumar Beniwal said the quarterly performance improved on both a sequential and annual basis mainly due to better sales realisation across a majority of products and lower input costs.

The company said year-on-year revenue comparison for the full financial year was not directly comparable due to annual turnarounds at its Bharuch complex in the current fiscal and at the Dahej complex in the previous fiscal.

GNFC said fertiliser segment revenue declined sequentially in the fourth quarter due to lower volumes and realisations, while chemical segment revenue increased on higher volumes and better realisations.

On a year-on-year basis, fertiliser segment revenue rose due to higher volumes despite lower realisations, while chemical segment revenue improved due to better realisations.

The company added that fertiliser segment losses narrowed during the quarter due to lower fixed and input costs, along with a one-time income in Q4FY26, while the chemical business benefited from higher realisations, higher other income and lower input costs.

The board recommended a dividend of ₹21 per equity share of face value ₹10 each, or 210%, for FY26, subject to shareholder approval at the upcoming annual general meeting.

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Ahead of the announcement of the results, shares of GNFC closed 1.28% higher at ₹520.95 on the NSE on Monday, May 18.

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