GNFC’s Quarterly (April 17 – June 17) Financial results

Posted by: at 8/07/2017 11:01:00 pm
Standalone results

Q-o-Q 17-18 vs. 16-17

·         Highest quarterly PBT of Rs. 105 Crore in last 10 Q 1 of GNFC.



·         Revenue       11 %,  EBIDTA      21 %  and PBT       106 %

Standalone Financial Highlights
Fig: Rs. In crore
Particulars
Q1 17-18
Q1 16-17
% Growth
Revenue from Operations
1,055
949
11
EBITDA
205
170
21
EBITDA Margin (in %)
19
18
1
PBT
105
51
106
Net Profit (PAT)
67
51
31

There are good improvements in financial ratios viz;

·            Earnings per share : 4.28 as against 3.26 of corresponding Previous quarter
·            Debt Equity Ratio : 0.17 as against 0.37 of corresponding Previous quarter
·            Interest Cover Ratio: 5.14 as against 3.04 of corresponding Previous quarter
·            EBITDA margin: 19 % Vs 18% of corresponding Previous quarter, EBITDA up by 21 %
·            Profit to Gross Sales: 6.34% vs 5.36% of corresponding Previous quarter
·            Profit to Net Sales: 6.89% vs 5.80% of corresponding Previous quarter

August 7, 2017 : Bharuch  based  leading  fertilizers   and chemicals  company,   Gujarat   Narmada  valley Fertilizers  & Chemicals  Ltd  (GNFC) has reported   PBT of  Rs. 105 Crore  for  the  Quarter ended June,2017, which  is higher  by 106 % against  PBT of Rs. 51 crore  in the  corresponding previous Quarter ended  June  2016. Fertilizer volume is up by 27 % particularly Urea. Revenue from  Operations   during  the  Quarter  ended  June  2017 was  Rs. 1,055 Crore, as compared to Rs.949 Crore  of corresponding previous Quarter ended  June  2016; which  is higher  by 11 %.


Other Segment comprises mainly of IT activities.

TDI II plant is now operating normal & debottlenecking activities are being carried out to increase the reliability and production.

Other Highlights for Quarter ended June, 2017:

·         Awards & Recognition:

·         BSE upgraded GNFC shares from Group “B” to Group “A” due to better corporate governance, high turnover and exemplary market capitalization.

·         Company has won 4 awards for digitalization:

·          
Award
For
From
Golden peacock Award
INNOVATIVE PRODUCT/SERVICE
Institute of Directors, New Delhi
Golden Globe Tiger Award
E-payment Leadership
World CSR Institute at Malaysia
Best implementation of Digital Payments
Cashless Township & Cashless Sale of Fertilizers.
Business World India Summit 2017 Government of India.
SKOCH BSE Award
100% CASHLESS DRIVE
SKOCH Group


·         Company has won 2 awards for Corporate Social Responsibility :

Award
For
From
Porter Prize
Enabling Social Progress
Institute for Competitiveness, India Chapter affiliated to the Harvard Business School.
CSR INNOVATIVE PROJECT
NEEM PROJECT
India CSR Leadership Summit Award, given by Union Minister for Social Justice & Empowerment - Shri Ramdas Athawale, Government of India.



Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) is a joint sector enterprise promoted by the Government of Gujarat and the Gujarat State Fertilizers & Chemicals Ltd (GSFC). Set-up in Bharuch, Gujarat in 1976; the Company draws on the resources of the natural wealth of the land as well as the industrially rich reserves of the area.

GNFC started its manufacturing and marketing operations by setting up in 1982, one of the world's largest single-stream ammonia-urea fertilizer   complexes. Over the next few years, GNFC successfully commissioned different projects- in fields as diverse as chemicals, fertilizers and electronics. GNFC today has extended its profile much beyond fertilizers through a process of horizontal integration. Chemicals/Petrochemicals, Energy Sector, Electronics/Telecommunications and Information Technology form  ambitious and challenging additions to its corporate portfolio. GNFC has an enterprising, strategic view towards expansion and diversification.



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