Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) has announced its unaudited financial results for the second quarter (Q2) and half year (H-1) ended September 30, 2026. The company reported an Operating Revenue of ₹2,773 crore for Q2 FY27, with a Profit After Tax (PAT) of ₹185 crore. For the half year, total revenue stood at ₹5,011 crore, and PAT was ₹495 crore. The results reflect a mixed performance with revenue increases driven by higher volumes, partially offset by lower realization and higher fixed costs.
GNFC Announces Q2 and H-1 FY27 Financial Results
Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) has officially released its unaudited standalone financial results for the quarter ended September 30, 2026, and the half year ended September 30, 2026. The company’s Board of Directors approved these results in a meeting held on November 02, 2026.
Financial Performance Highlights
For the second quarter (Q-2) of FY 2026-27, GNFC reported an Operating Revenue of ₹2,773 crore, compared to ₹1,968 crore in the corresponding quarter of the previous year (Q-2 FY 25-26). The Profit Before Tax (PBT) for the quarter was ₹241 crore, and the Profit After Tax (PAT) stood at ₹185 crore.
In the half year (H-1) ended September 30, 2026, the company’s Operating Revenue was ₹5,011 crore. The PBT for the half year was ₹657 crore, with a PAT of ₹495 crore.
Key Business Commentary
Mr. Sanjeev Kumar, IAS, Managing Director, commented on the results, highlighting that Q-o-Q Q 2 revenue increased mainly due to higher volume across majority of the products, which was partially offset by lower realization. The result was decreased due to lower realization and higher fixed costs, partially offset by higher volume.
For the Year-over-Year Q 2, revenue saw an increase primarily due to higher realizations across most products and higher volume. The result marginally increased due to higher realization and volume, partially offset by higher input costs and fixed costs.
The company noted that Y-o-Y H 1 Revenue & PBT are not comparable due to an annual turnaround in the Bharuch complex during H 1 FY 25-26.
Operational and Strategic Updates
The announcement also mentioned that the Dahej captive Coal base power plant has started resulting into reduction in the operation cost. Additionally, Neem Urea Energy Norms have been revised, which is expected to be beneficial for the company.
The company also provided details on its segment performance, with the Fertilizer Segment revenue increasing due to higher realization and volume, while the Chemical Segment revenue saw a slight decrease due to lower realization partially offset by volume. The key balance sheet items indicate a total asset value of ₹11,937 crore as of September 30, 2026.
Source: BSE
