GNFC's Profit Soars: A Fertile Future

Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC) has reported an impressive 88% increase in its consolidated net profit, reaching Rs 396 crore for the March quarter of 2026. This significant growth is attributed to higher income, surpassing the Rs 211 crore profit recorded during the same period last year.

In the fiscal period of January to March 2025-26, GNFC's total income rose to Rs 2,333 crore, compared to Rs 2,177 crore in the previous year. However, for the overall fiscal year 2026, the net profit increased to Rs 808 crore from Rs 597 crore, even as total income saw a slight decline to Rs 8,272 crore from Rs 8,393 crore in FY25.

Operational expenses also saw a reduction, dropping to Rs 7,207 crore from Rs 7,603 crore the previous year. Additionally, the Board of Directors proposed a significant dividend of Rs 21 per equity share, pending shareholders' approval at the upcoming Annual General Meeting.

(With inputs from agencies.)