- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
The Board of Directors has approved the unaudited standalone and consolidated financial results for the third quarter and nine months ended December 31, 2024. Standalone revenue from operations was ₹1,899 crores, with total income reaching ₹2,056 crores. The profit before tax stood at ₹211 crores, while the net profit after tax was ₹158 crores. The EBITDA improved to ₹132 crores, reflecting enhanced margins driven by reduced input costs in the chemicals segment despite mixed performance across various chemical products.
The appointment of Dr. T. Natarajan as Managing Director has been solidified, following the resignation of previous MD Pankaj Joshi. Additionally, the Board acknowledged the contributions of both outgoing leaders. A postal ballot will seek shareholder approval for these appointments.
Overall, the company’s performance indicates a positive outlook with improved efficiency, and the completion of the Dahej Complex's capacity indicates potential for stronger results in the upcoming quarter. Shareholders should monitor this as GNFC pivots to capitalize on operational enhancements and market conditions.
All announcements from Gujarat Narmada Valley Fertilizers and Chemicals Limited