Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) has announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The company reported a standalone profit after tax (PAT) of ₹185 crore for the second quarter and ₹495 crore for the half-year. The announcement also detailed segment-wise performance, highlighting contributions from its Fertilizer and Chemical segments.
Financial Performance for Q2 and H1 FY27
Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) has released its unaudited financial results for the second quarter (Q2) and the first half-year (H1) ended September 30, 2026. For the second quarter, the company reported a Profit After Tax (PAT) of ₹185 crore, compared to ₹177 crore in the corresponding quarter of the previous year. The Profit Before Tax (PBT) for the quarter stood at ₹241 crore.
In the first half-year ended September 30, 2026, GNFC’s PAT was ₹495 crore, an increase from ₹255 crore in the same period last year. The PBT for the half-year was ₹657 crore.
The company’s Operating Revenue for Q2 FY27 was ₹2,773 crore, while the Total Revenue stood at ₹2,901 crore. For the half-year, Operating Revenue was ₹5,011 crore and Total Revenue was ₹5,240 crore.
Segment Performance
The results also provided insights into segment performance. In the quarterly segment revenue, the Chemicals segment contributed ₹1,631 crore, followed by Fertilizers at ₹1,117 crore. For the half-year, the Chemicals segment reported revenue of ₹3,200 crore and the Fertilizer segment reported ₹1,766 crore.
The segment results indicated that the Chemical segment posted a profit of ₹177 crore for Q2 FY27 and ₹602 crore for H1 FY27. The Fertilizer segment, however, reported a loss of ₹38 crore for Q2 FY27 and ₹123 crore for H1 FY27.
Operational Highlights
The company noted that during Q2 FY27, revenue increased mainly due to higher volume across most products, partially offset by lower realization. The decrease in profit was attributed to lower realization and higher fixed costs. For the half-year, revenue and PBT were not comparable due to an annual turnaround at the Bharuch complex during H1 FY25-26.
Additionally, the company mentioned that its captive Coal base power plant at Dahej has started yielding reduction in operation costs. Revisions in Neem Urea Energy Norms effective April 01, 2025, are expected to be beneficial.
Balance Sheet Highlights
Key Balance Sheet items as at September 30, 2026, include Net Fixed Assets of ₹3,314 crore, Investments of ₹1,260 crore, and Bank Deposits of ₹1,805 crore. Total Assets amounted to ₹11,937 crore.
On the liabilities side, Borrowings stood at ₹109 crore, and Net Worth was ₹9,183 crore. Total Liabilities were ₹11,937 crore.
Source: BSE
