Gujarat Narmada Valley Fertilizers and Chemicals Limited has informed the Exchange regarding a press release dated May 18, 2026, titled "Results for the Quarter and Year ended 31st March, 2026".
GNFC · price
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GNFC reported strong profitability for FY26 with net profit up 36% to ₹797 crore versus ₹585 crore in FY25, driven by chemicals segment growth. Revenue from operations was marginally lower at ₹7,773 crore vs ₹7,892 crore (down ~1.5% YoY), but the company achieved EBITDA margin expansion through cost efficiencies. The chemicals segment contributed ₹913 crore in segment results (vs ₹665 crore prior year), offsetting a ₹186 crore loss in fertilizers. PAT grew 36.2% and EPS stood at ₹54.22. The board recommended a dividend of ₹21 per share (210%). Auditors issued an unmodified opinion. A new statutory auditor, B S R and Co., was appointed for 5 years. Note 3 discloses a ₹21,370 crore demand notice from DoT (telecom license fees), which management contests — no provision was made. The company also recognised a ₹3.12 crore past service cost due to new labour codes.
PAT growth of 36% with margin expansion is positive for shareholders. The large but contested DoT demand of ₹21,370 crore remains a contingent liability risk to monitor. Revenue decline is offset by strong profitability improvement.