Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) announced the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The Board also approved the appointment of Shri Rajkumar Beniwal, IAS, as the Additional Director, Managing Director, and KMP. Financial highlights show consolidated Profit Before Tax (PBT) at ₹539 Crore for the nine months ended December 31, 2025.
Quarter 3 FY2025-26 Financial Outcome
The Board of Directors of Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) convened on February 10, 2026, to review and approve the Unaudited Standalone and Consolidated Financial Results for the third quarter and the nine months ended December 31, 2025. The results were subject to a Limited Review by the Statutory Auditors.
Standalone Financial Performance (₹ Crores)
For the quarter ended Q3 FY 25-26:
- Total Revenue stood at ₹2,093 Crore, compared to ₹2,056 Crore in Q3 FY 24-25.
- Profit Before Tax (PBT) was ₹204 Crore, against ₹211 Crore in the previous corresponding quarter.
- Net Profit After Tax (PAT) was ₹150 Crore, compared to ₹158 Crore year-over-year.
For the Nine Months ended December 31, 2025 (9M FY 25-26):
- Total Revenue reached ₹5,939 Crore (compared to ₹6,216 Crore in 9M FY 24-25).
- PBT was ₹539 Crore (compared to ₹503 Crore in 9M FY 24-25).
- PAT was ₹405 Crore, up from ₹375 Crore in the comparable period last year.
Consolidated Financial Performance (₹ Crores)
The Consolidated results mirror the standalone figures closely, with the consolidated PBT for the nine months standing at ₹539 Crore, and PAT at ₹412 Crore.
Key Leadership Appointments Approved
The Board approved two significant appointments, both subject to shareholder approval via a Postal Ballot:
- The appointment of Shri Rajkumar Beniwal, IAS (DIN: 07195658) as an Additional Director, designated as the Managing Director and KMP of the Company.
- The appointment of Dr. Rajender Kumar, IAS (DIN: 07161855) as an Additional Director on the Board.
Following the meeting, Mr. Rajkumar Beniwal, IAS, Managing Director, stated that revenue improved in Q3 QoQ due to higher volume in chemical products. While the overall result was marginally lower year-over-year due to lower other income, the performance benefited from better input costs and higher volumes.
Segment Performance Highlights
Segment analysis revealed that revenue for the Fertilizer segment decreased QoQ due to lower volume, while the Chemical segment saw increased revenue due to higher volume, partially offset by lower realization.
- For the nine months ending December 2025, the Chemical Segment generated revenue of ₹3,402 Crore, while the Fertilizer segment generated ₹2,092 Crore.
- The Chemical segment contributed significantly to profit, with a PBT of ₹450 Crore for the 9M period, while the Fertilizer segment reported a loss before tax of (₹162 Crore).
Operational Outlook and Capex Update
The press release provided an update on ongoing expansion plans, which are structured in two phases.
Projects Under Execution (Current Schedule 25-29):
- Coal Based Steam & Power Plant (CCPP) – Dahej: 150 MT/Hr Steam & 18 MW Power.
- Ammonia Expansion – Bharuch: 50 KTPA capacity.
- Weak Nitric Acid-III – Bharuch: 200 KTPA capacity.
- Ammonium Nitrate -II – Bharuch: 163 KTPA capacity.
The company noted that these projects are well on track and are expected to boost both top-line and bottom-line growth organically. The company is also pursuing revisions in energy and fixed costs with the Government, with an expected announcement by June-26.
Auditor Review Notes
The Independent Auditors’ review report confirmed that the standalone and consolidated results have been prepared according to Ind AS 34. Attention was drawn to Note 3 regarding the outstanding demand notice of ₹21,370 Crores from the Department of Telecommunications (DoT) concerning license fees, where management believes no provision is required at this time.
Source: BSE
