Gujarat Narmada Valley Fertilizers and Chemicals Limited has informed the Exchange about Transcript
GNFC · price
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GNFC reported strong Q4 FY26 performance with PAT up 35% to ₹797 crores and PBT of ₹1,065 crores. Revenue improved 11% QoQ and 7% YoY. The Board declared a dividend of ₹21 per share (210%), the second highest in its 50-year history. Chemical segment drove the improvement with better realizations in TDI, ammonium nitrate (up 20% QoQ), and technical grade urea. The company had one-time income of ₹80 crores (vs ₹38 crores last year). Key challenges include methanol production being unviable due to high gas prices, fertilizer segment losses widening awaiting urea price revision, and delays in coal-based CCPP commissioning to August 2026. FY27 capex is planned at ₹2,800 crores. The IT division showed strong performance with revenue up 20% and profit doubling to ₹35 crores.
The strong chemical realizations and cost savings drove record profitability, supporting the second-highest dividend. However, fertilizer segment losses persist pending government policy revision. The ₹2,800 crore capex plan for FY27 signals aggressive expansion in ammonium nitrate and ammonia capacity.