Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) announced its unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026. The company reported a Total Revenue of ₹2,339 crore and a Profit After Tax (PAT) of ₹310 crore. Key approvals include the appointment of M/s K G Goyal & Associates as Cost Auditors and a Memorandum of Understanding (MOU) with Gujarat Mineral Development Corporation (GMDC) for coal-to-chemicals value chain exploration.
GNFC Reports Q1 FY27 Financial Results
Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) has released its unaudited standalone and consolidated financial results for the first quarter of the financial year 2026-27, ending on June 30, 2026. The Board of Directors, in its meeting held on August 5, 2026, approved these results.
Key Financial Highlights (Standalone)
For the quarter ended June 30, 2026, GNFC reported the following key figures:
- Operating Revenue: ₹2,238 crore
- Total Revenue: ₹2,339 crore
- Profit Before Tax (PBT): ₹416 crore
- Profit After Tax (PAT): ₹310 crore
These figures represent a significant increase in Total Revenue compared to the corresponding quarter of the previous year (Q1 FY 2025-26), which stood at ₹1,601 crore. The PAT also saw a substantial jump from ₹78 crore in Q1 FY 2025-26 to ₹310 crore in Q1 FY 2026-27.
Strategic Approvals and Agreements
In addition to the financial results, the Board of Directors also approved several strategic initiatives:
- The appointment of M/s K G Goyal & Associates as the Cost Auditors for the financial year 2026-27, based on the Audit Committee’s recommendation.
- The execution 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, leveraging gasification technologies, including Underground Coal Gasification (UCG). Further details will be provided upon the execution of the MOU.
Operational Insights
The company noted that the change in other comprehensive income is attributable to fluctuations in the fair market value of quoted and unquoted investments, as well as actuarial assumptions for employee benefit obligations. Management highlighted that revenue marginally increased quarter-on-quarter due to improved realization, despite lower volumes in most products. The decrease in profit was attributed to higher input costs and fixed costs, partially offset by better realization. Year-on-year comparison for revenue and PBT is not directly comparable due to an annual turnaround at the Bharuch complex in Q1 FY 2025-26.
The Department of Fertilizers (DoF) has fixed the New Energy Norm for Neem Coated Urea (NCU) at 6.37 Gcal PMT for the period April 1, 2025, to March 31, 2028. A preliminary assessment suggests a positive financial impact of approximately ₹61 crore for April-June 2026, which will be accounted for in Q2 FY 2026-27.
The Board Meeting commenced at 03:00 PM (IST) and concluded at 04:25 PM (IST).
Source: BSE
