GNFC Reports Q1 FY26-27 Results; Approves Cost Auditors, Proposes GMDC MOU

GNFC Reports Q1 FY26-27 Results; Approves Cost Auditors, Proposes GMDC MOU​

Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) announced its unaudited financial results for the first quarter of FY 2026-27, which ended on June 30, 2026. At a meeting held on August 5, 2026, the Board of Directors approved the Q1 results and sanctioned the appointment of M/s K G Goyal & Associates, Cost Accountants, for FY 2026-27. Furthermore, the board approved a proposal to execute a Memorandum of Understanding (MOU) with Gujarat Mineral Development Corporation Limited (GMDC).

The GNFC Board meeting concluded after considering the company's financial performance and future strategic direction. The results reflect operational dynamics across both standalone and consolidated figures.

Financial Performance Overview​

For the quarter ended June 30, 2026, the company reported Total Income of 2,339 crores for the stand-alone entity and 2,339 crores for the consolidated results. Profit Before Tax (PBT) stood at 416 crores in the standalone view and 416 crores in the consolidated version.

The financial data across various periods is detailed below:

Table 1: Standalone Financial Highlights (in ₹ Crores)


Table 2: Consolidated Financial Highlights (in ₹ Crores)

Segment Performance Review​

The company's operational performance is segmented into Fertilizers, Chemicals, and Others.

Table 3: Standalone Segment Results Q1 FY26-27 (in ₹ Crores)


In the Chemicals segment, revenue stood at 1,569 crores and reported a profit before tax and finance cost of 425 crores. The Fertilizers segment recorded a loss of (85) crores during the quarter.

Strategic Initiatives and Capex Plan​

The management provided insights into the operational environment and future growth strategies for GNFC. Mr. Rajkumar Beniwal, IAS, Managing Director, commented that while Q1 revenue marginally increased due to improved realization across product lines, this was partially offset by lower volumes and higher input costs, leading to a decrease in results.

The company is executing several projects under its Capex plan:

• Under Execution: Coal Based Steam & Power Plant (CCPP) in Dahej, Ammonia Expansion in Bharuch, Weak Nitric Acid-III in Bharuch, Ammonium Nitrate-II in Bharuch, and New CFBC Steam Boiler in Bharuch.
• Under Consideration: BisPhenol-A (BPA) in Dahej, Polyols in Dahej, and Acetic Acid in Bharuch.

The long-term focus for GNFC remains margin enhancement through top line growth by building a pipeline of value-added products. The company also noted that the Department of Fertilizers issued a notification fixing the New Energy Norm of Neem Coated Urea (NCU) at 6.37 Gcal PMT from April 1, 2025 to March 31, 2028, which preliminary assessment suggests will have a positive financial impact of approximately ₹ 61 crores for the period Apr-25 to Jun-26.

GNFC Stock Price Movement​

Today, shares of Gujarat Narmada Valley Fertilizers and Chemicals Limited edged higher to close at ₹538.30, settling up 3.80% for the day. The stock traded within a tight range throughout the session, touching a low of ₹523.15 and peaking at ₹539.70.