| Revenue growth | Volumes down significantly despite high production; profit driven by realizations. |
|---|---|
| Margins | Chemicals strong; Fertilizer margins hit by urea energy norm changes. |
| Demand visibility | Mixed; inventory liquidation noted in July and August. |
| Management confidence | Balanced, highlighting operational efficiency despite external geopolitical and cost pressures. |
Growth
Profit growth is realization-led as sales volumes declined significantly compared to production volumes.
Outlook
Ongoing ₹2,800 Cr capex expected to add ₹1,200-1,500 Cr revenue and ₹500-600 Cr EBITDA.
Risks
Global gas price volatility and fertilizer segment losses of ₹85 Cr are major headwinds.
Last quarter's promises, checked
Delivered
- Dividend payout 210% → delivered INR 21 per share (= BEAT)
- TGU production doubling in March → delivered >210,000 MT for FY26 (= BEAT)
- Ammonia expansion/Nitric acid track → delivered on track for FY27/28 (= BEAT)
Partly delivered
- Weak Nitric Acid project timeline → delivered 2.5 months delay (= PARTIAL)
Missed
- Coal-based CCPP start April 2026 → delivered synchronization delayed to June 2026 (= MISS)
Earnings Call Transcript filed with BSE, NSE: GNFC. Summary written with AI assistance from the document.
Gujarat Narmada Valley Fertilizers & Chemicals Ltd: key numbers
- Share price
- ₹630.30
- Market cap
- ₹9,262 Cr
- Revenue (annual)
- ₹7,773 Cr
- Net profit (annual)
- ₹808.6 Cr
- P/E (TTM)
- 8.9×Sector 12.4×
- Promoter holding
- 41.30%+0.00% QoQ
- FII holding
- 13.11%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Gujarat Narmada Valley Fertilizers & Chemicals Ltd
All →Gujarat Narmada Valley Fertilizers & Chemicals Management Change
Gujarat Narmada Valley Fertilizers and Chemicals Limited has appointed B S R and Co. as the company's Statutory Auditor for a term of 60 months.
Gujarat Narmada Valley Fertilizers & Chemicals Other Announcement
GNFC has announced the appointment of M/s. B S R and Co. as the new Statutory Auditor of the company.
Gujarat Narmada Valley Fertilizers & Chemicals Annual General Meeting
The company held its 50th Annual General Meeting on September 16, 2026, via video conferencing. Directors and representatives attended the meeting to discuss company proceedings.
Gujarat Narmada Valley Fertilizers & Chemicals Management Change
Gujarat Narmada Valley Fertilizers & Chemicals announced the withdrawal of Shri Rajkumar Beniwal's nomination as Managing Director and the nomination of Shri Sanjeev Kumar for the role.
Gujarat Narmada Valley Fertilizers & Chemicals Investor Presentation: Key Takeaways
GNFC reported Q1 FY 26-27 standalone operating revenue of ₹2,238 Cr and PAT of ₹310 Cr. Results were impacted by higher input costs and a scheduled annual turnaround at the Bharuch complex.
Gujarat Narmada Valley Fertilizers & Chemicals Q1 FY27 Results: Net Profit ₹312 Cr, Up 275.9% YoY
Gujarat Narmada Valley Fertilizers & Chemicals Ltd reported revenue from operations of ₹2,238 Cr (+39.8% YoY) and net profit of ₹312 Cr (+275.9% YoY) for Q1 FY27.
- Key figure
- Net profit ₹312 Cr · +275.9% YoY