Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) has announced robust financial results for the quarter and year ended March 31, 2026. The company achieved an annual revenue of ₹7,773 crore and a net profit of ₹797 crore. Reflecting this strong performance, the Board has recommended a dividend of ₹21 per equity share, representing a 210% payout, subject to shareholder approval at the upcoming Annual General Meeting.
Financial Highlights
For the fiscal year ended March 31, 2026, GNFC reported a resilient performance. The standalone revenue from operations stood at ₹7,773 crore, with a profit before tax of ₹1,065 crore. Net profit after tax for the year was ₹797 crore, a significant improvement from the previous fiscal year’s ₹585 crore. The fourth quarter (January-March 2026) was particularly strong, contributing ₹2,208 crore to the total annual revenue.
Dividend Recommendation
Recognizing the company’s solid financial health, the Board of Directors has recommended a dividend of ₹21 per equity share of ₹10 each. This payout, equivalent to 210% of the face value, is subject to the approval of shareholders at the company’s next Annual General Meeting. Upon approval, the dividend will be disbursed within 30 days of the declaration.
Operational and Segment Performance
The company continues to see strong contributions from its diverse business segments. The Chemicals segment remained a primary revenue driver, contributing ₹4,899 crore to the annual revenue, while the Fertilizers segment generated ₹2,764 crore. Management noted that the performance in the fourth quarter was buoyed by better sales realizations across key products and optimized input costs, despite the scheduled annual turnaround at the Bharuch complex.
Strategic Leadership and Outlook
The company is currently prioritizing expansion projects, including a Coal-based Steam & Power Plant, Weak Nitric Acid-III, and Ammonium Nitrate-II, all of which are progressing in line with the planned execution schedule. With a forward-looking strategy, GNFC remains focused on organic growth, with active plans to further strengthen its market presence through ongoing expansion of its manufacturing capabilities at the Bharuch site.
Governance Updates
In addition to the financial and dividend announcements, the company has appointed M/s. B S R and Co., Chartered Accountants, as the new Statutory Auditors for a five-year term. This appointment marks a key governance transition, ensuring continued oversight as the company moves into the next fiscal period.
Source: BSE
