Gujarat Narmada Valley Fertilizers and Chemicals Limited has informed the Exchange about Transcript
GNFC · price
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GNFC held its Q1 FY25-26 earnings call on August 7, 2025. Q1 results were impacted by the longest planned shutdown, reducing revenue by ~Rs 375 crore and profit before tax by ~Rs 148 crore. Fertilizer segment losses widened to ~Rs 100 crore due to under-recovery of energy norms, lower urea volumes (~40,000 tons), and higher repair costs (~Rs 45 crore extra). Management expects energy and fixed cost revisions by Q3 FY26, which should reduce these losses. TDI production was ~16,000 tons in Q1, and management reiterated the FY26 target of ~67,000 tons. TDI price was raised by Rs 12,000/ton on August 1, and anti-dumping duty on aniline was extended to mid-2030. Consultant Kearney's cost-saving and investment pathway plan is at an advanced stage, with implementation expected to begin in Q2.
Mixed near-term outlook: shutdown hit Q1 numbers, but expected energy norm revision, declining toluene input costs, TDI price hike, and upcoming Kearney-led cost optimization could support margins in H2 FY26. Fertilizer segment turnaround hinges on policy revisions in Q3.