| Revenue growth | YoY improvement called significant; no revenue growth percentage disclosed. |
|---|---|
| Margins | Sequential margin contraction from realisation erosion, coal costs, wage provisions. |
| Demand visibility | Refused near-term visibility; Indian TDI market CAGR 8-9% cited. |
| Management confidence | Defensive; repeatedly cited uncertainty and refused Q3 and October commentary. |
Growth
YoY improvement described only qualitatively, no % given; QoQ operating profit down about ₹200 Cr. Chemicals ₹177 Cr, ₹255 Cr ex one-offs.
Outlook
No quantified forward guidance; captive coal steam live, full-scale test run this quarter; about ₹3,900 Cr cash and deposits.
Risks
Chemical realisation erosion (WNA, TGU, AN melt), coal and energy costs, net one-time drag of ₹75 Cr, Chinese TDI capacity expansion.
Last quarter's promises, checked
Delivered
- Coal steam replacing gas, 'already' → live since July (= BEAT)
Partly delivered
- FY capex ₹1,500–1,800 Cr → H1 ~₹500 Cr; H2 needs ₹1,000–1,300 Cr (= PARTIAL)
- Steam saving ₹30k–40k/MT TDI → steam live, saving unquantified (= PARTIAL)
Missed
- Nitric acid 3-mth delay 'to be recouped' → still 3-mth delayed (= MISS)
- Kearney savings quantified by Q2-end (~₹250–300 Cr) → not disclosed (= MISS)
Earnings Call Transcript filed with NSE, NSE: GNFC. Summary written with AI assistance from the document.
Gujarat Narmada Valley Fertilizers & Chemicals Ltd: key numbers
- Share price
- ₹465.05
- Market cap
- ₹6,833 Cr
- Revenue (annual)
- ₹7,773 Cr
- Net profit (annual)
- ₹808.6 Cr
- P/E (TTM)
- 6.5×Sector 19.0×
- Promoter holding
- 41.30%+0.00% QoQ
- FII holding
- 13.70%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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