GNFC achieves growth in revenue and profits
GNFC has achieved growth in revenue and profits during Q1 of the FY 2018-19 . The results have been as follows. 1. PBT of Rs. 274 crore: (162% higher than the Rs. 105 crore during corresponding Q1 of previous year.) 2. PAT of Rs. 186 crore: (179% higher than the Rs. 67 crore during correspondi
GNFC has achieved growth in revenue and profits during Q1 of the FY 2018-19 . The results have been as follows.
1. PBT of Rs. 274 crore: (162% higher than the Rs. 105 crore during corresponding Q1 of previous year.)
2. PAT of Rs. 186 crore: (179% higher than the Rs. 67 crore during corresponding Q1 of previous year.)
3. Turnover of Rs. 1,638 crore: (51% higher than the Rs. 1,088 crore during corresponding Q1 of previous year.)
4. EPS of Rs. 11.94: (179% higher than the Rs. 4.28 during corresponding Q1 of previous year.)
5. Exports of Rs. 176 crore: (59% higher than the Rs. 111 crore during corresponding Q1 of previous year.)
6. Finance cost reduces by 89% compared to the finance cost during Q1 2017-18.
7. GNFC is now cash positive company as on June 2018. Standalone Financial Highlights for Quarter ended 30.06.2018 (Fig: Rs. In crore)
Elaborating on the results, M S Dagur, Managing Director mentioned that the finance cost reduces by 89% Q-o-Q and the growth in revenue and profits are led by all round performance of all the plants and products.
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