Gujarat Narmada Valley Fertilizers and Chemicals Limited — Investor Meet, 29-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

GNFC’s FY25 revenue was flat YoY, impacted by a shutdown of the TDI plant that cost about INR300 Cr in sales and INR100 Cr in profits. Q4 stood out with INR2,055 Cr revenue and INR287 Cr PBT, driven by stronger chemical volumes and margins; fertilizer losses narrowed despite softer volumes. Methanol, TG urea, aniline, and acetic acid volumes grew significantly. The ongoing INR2,900 Cr capex targets nitric acid expansion, ammonia gas loop, and a power plant expected by Sept FY26 to reduce costs substantially. Management highlights procurement efficiencies, renewables, and digital initiatives for long-term gains. TDI is ramping back to near full capacity post-shutdown. Consultant Kearney’s report suggests focus on margin expansion and large-scale chemical capacity growth (~INR22,000 Cr), underlining efficiency and product mix optimization amid input cost challenges.