GNFC’s Board of Directors met on February 10, 2026, to approve the Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended December 31, 2025. Key outcomes included the approval of financial results, the appointment of Shri Rajkumar Beniwal, IAS, as Additional Director and Managing Director (KMP), and Dr. Rajender Kumar, IAS, as an Additional Director. The Board also approved revisions to the Related Party Transaction Policy.
Quarterly Financial Performance (Standalone)
The Board of Directors of GNFC, following a meeting on February 10, 2026, approved the Unaudited Standalone Financial Results for the third quarter (Q3) and nine months (9M) ending December 31, 2025. The Statutory Auditors provided a Limited Review Report on these figures.
Key Standalone figures (in ₹ Crores) highlight:
- Total Revenue for Q3 FY 25-26 stood at ₹2,093 Crore, compared to ₹2,056 Crore in Q3 FY 24-25.
- Profit Before Tax (PBT) for Q3 was ₹204 Crore, an improvement from ₹211 Crore in the previous year’s quarter, although lower than Q2 FY 25-26’s ₹230 Crore.
- Net Profit After Tax (PAT) for Q3 FY 25-26 reached ₹150 Crore.
- For the 9M period, Total Revenue was ₹5,939 Crore, with a PBT of ₹539 Crore, leading to a PAT of ₹405 Crore.
Segment Performance Commentary
Mr. Rajkumar Beniwal, IAS, Managing Director, highlighted that the Q3 year-on-year (Y-o-Y) revenue improved, primarily driven by higher volume in chemical products, partially offset by lower other income and realizations. The 9M results are not directly comparable due to the annual turnaround conducted at the Bharuch Complex in the current period versus the Dahej Complex in the previous 9M.
The segment performance data reveals the following:
- Chemicals Segment Revenue showed strength, increasing Y-o-Y in Q3 (₹1,235 Crore vs. ₹1,178 Crore).
- The Fertilizers Segment experienced a loss before tax for Q3 at (₹27 Crore), down from (₹35 Crore) in Q3 FY 24-25, attributed to lower realization offset by lower input costs.
Key Board Decisions on Governance
The Board also approved critical governance and management changes:
- Appointment of Managing Director: Shri Rajkumar Beniwal, IAS (DIN: 07195658), was approved as an Additional Director and designated as the Managing Director and KMP, subject to shareholder approval via Postal Ballot.
- Appointment of Additional Director: Dr. Rajender Kumar, IAS (DIN: 07161855), was approved as an Additional Director, also pending shareholder ratification.
- Policy Revision: Approval was granted for the revision in the Related Party Transaction Policy.
Expansion and Future Outlook
GNFC continues to advance its capital expenditure program, with several key projects Under Execution, including the Coal Based Steam & Power Plant (CCPP) at Dahej (150 MT/Hr Steam & 18 MW Power) and expansions in Ammonia, Weak Nitric Acid, and Ammonium Nitrate.
The company is also considering future projects like BisPhenol-A (BPA) and Polyols at Dahej. The management noted that the current projects are well on track to positively impact both top-line and bottom-line organically. Furthermore, ongoing discussions with the Government regarding revisions in energy and fixed costs are expected to conclude by June-26.
Source: BSE
