Bigul

GUJARAT NARMADA VALLEY FERTILIZERS & CHEMICALS LTD. - 500670 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

We had vide our letter dated 05th August, 2023 intimated the Stock Exchanges about the schedule of Investors / Analysts meet through Conference Call on Monday, 07" August, 2023 at 3.30 PM IST through Conference Call. We send herewith a copy of Transcript of Investors / Analysts meet through Conference Call which took place on 07" August, 2023. The said transcript along with the audio is also uploaded on the Company''s website i.e. www.gnfc.in. We request you to kindly take note of the above.
12-08-2023
Bigul

GUJARAT NARMADA VALLEY FERTILIZERS & CHEMICALS LTD. - 500670 - Announcement under Regulation 30 (LODR)-Newspaper Publication

Publication of Unaudited Standalone & Consolidation of Financial Results for the First Quarter of FY 2023-24 ended 30th June, 2023 in Newspapers- Compliance under Regulation 47 of the SEBI Listing Regulations, 2015.
08-08-2023

GNFC Q1 net profit plunges to 88 crore, revenue slumps 39%

Gujarat Narmada Valley Fertilizers & Chemicals (GNFC), the Delhi based leading fertiliser company Monday reported an 84.6% year-on-year (YoY) decline in net profit at 88 crore for the first quarter ending June 30, 2023.
07-08-2023
Bigul

GUJARAT NARMADA VALLEY FERTILIZERS & CHEMICALS LTD. - 500670 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

We attaching herewith a Link of Digital Version of the Transcript of investor meet held on 07-08-2023
07-08-2023
Bigul

Q1FY24 Quarterly Result Announced for Gujarat Narmada Valley Fertilizers & Chemicals Ltd.

Gujarat Narmada Valley Fertilizers & Chemicals announced Q1FY24 results: Q1FY24 vs Q4FY23: Operating revenue of Rs 1,652 crore in Q1FY24 compared to Rs 2,271 crore in Q4FY23 Total revenue of Rs 1,740 crore in Q1FY24 compared to Rs 2,394 crore in Q4FY23 Operating EBITDA at Rs 105 crore in Q1FY24 compared to Rs 369 crore in Q4FY23 EBITDA margin of 6% in Q1FY24 compared to 16% in Q4FY23, 28% PBT of Rs 116 crore in Q1FY24 compared to Rs 417 crore in Q4FY23 PAT of Rs 85 crore compared to Rs 334 crore in Q4FY23 Q1FY24 vs Q1FY23: Operating revenue of Rs 1,652 crore in Q1FY24 compared to Rs 2,696 crore in Q1FY23 Total revenue of Rs 1,740 crore in Q1FY24 compared to Rs 2,772 crore in Q1FY23 Operating EBITDA at Rs 105 crore in Q1FY24 compared to Rs 763 crore in Q1FY23 EBITDA margin of 6% in Q1FY24 compared to 28% in Q1FY23 PBT of Rs 116 crore in Q1FY24 compared to Rs 761 crore in Q1FY23 PAT of Rs 85 crore compared to Rs 569 crore in Q1FY23 Pankaj Joshi, IAS, Managing Director, GNFC stated, "The Q1FY24 witnessed planned annual turn around due to which, both, volume as well as financial performance is not comparable. The annual turnaround, apart from volumes, normally also witnesses higher maintenance costs and unproductive costs which have affected net margins. Apart from shutdown-related impacts, the output prices have softened disproportionately than input prices which have weighed on financial results. The chemical industry, in general, has been witnessing this phenomenon, both, domestically in India as well as globally. Many companies in the industry have announced significant operating revenue as well as margin drop even when full-blown annual turnaround is not taken in the current reporting quarter citing key reasons like lower realizations, higher input costs, low demand, etc. GNFC faced less of a demand issue given the limited volumes available due to the shutdown. I am happy to inform you that, on the chemical side, in July 2023, the company commenced the operation of its brownfield CNA-IV with an annual production capacity of 50,000 MT. This should augur well for the company. On the fertilizer side, the company launched Nano Urea under the Narmada brand in June 2023." Result PDF
07-08-2023
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