Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) announced its unaudited standalone and consolidated financial results for the first quarter of FY 2026-27, ended June 30, 2026. The Board of Directors also approved the appointment of M/s K G Goyal & Associates as Cost Auditors for FY 2026-27. Additionally, GNFC approved a Memorandum of Understanding (MOU) with Gujarat Mineral Development Corporation Limited (GMDC) to explore opportunities in the coal-to-chemicals value chain.
Q1 FY27 Financial Highlights
Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) has released its unaudited financial results for the first quarter of the financial year 2026-27, which concluded on June 30, 2026. The results, which include both standalone and consolidated figures, were reviewed by the statutory auditors and approved by the Board of Directors.
Key Financial Figures:
- Standalone Revenue from Operations (Q1 FY27): ₹2,238 Crores
- Consolidated Revenue from Operations (Q1 FY27): ₹2,238 Crores
- Standalone Profit Before Tax (Q1 FY27): ₹416 Crores
- Consolidated Profit Before Tax (Q1 FY27): ₹416 Crores
- Standalone Net Profit (Q1 FY27): ₹310 Crores
- Consolidated Net Profit (Q1 FY27): ₹310 Crores
Operational and Strategic Developments
Cost Auditor Appointment
The Board of Directors approved the appointment of M/s K G Goyal & Associates, Cost Accountants, Jaipur, as the Cost Auditors for the Company for the financial year 2026-27. This appointment was made based on the recommendation of the Audit Committee.
MOU with GMDC
A significant strategic move includes the approval of a Memorandum of Understanding (MOU) with Gujarat Mineral Development Corporation Limited (GMDC). This collaboration aims to jointly evaluate opportunities within the coal-to-chemicals value chain, with a specific focus on gasification technologies, including Underground Coal Gasification (UCG).
Board Meeting Details
The Board Meeting, where these decisions were made, commenced at 03:00 PM (IST) and concluded at 04:25 PM (IST) on August 05, 2026.
Source: BSE
