GNFC continues to break record

Gujarat Narmada Valley Fertilizers and Chemicals Ltd (GNFC) has declared 2nd quarter results on 8th November, 2017. The company broke all its previous records again. In its best ever Q2 results GNFC has declared a bumper Profit before tax (PBT) of Rs 245 crores which is 7% higher compared to last year's PBT of Rs 228 Crores in the same quarter. Aggregating both the quarters of the FY 2017-18, GNFC has created history by declaring its best ever half yearly (H1) result culminating into PBT of Rs 350 crores, which is 26% higher compared to last year's PBT of Rs 278 crores. Company's Earnings before Interest Tax Depreciation and Amortisation (EBITDA) has also shot up drastically to the tune of Rs 548 crores for the half year ended September, 2017. Dr Rajiv Kumar Gupta IAS Managing Director GNFC informed. The strategic and efficient working of GNFC's management is highlighted by the fact that the finance cost has drastically reduced by 46% compared to last year's half yearly results. GNFC's strong and sound financials have also attracted serious attention of foreign investors and recent surge in the investment by pension and trust funds from countries like USA, Canada, Japan, China, S.Korea, Australia in GNFC's equity is the testimony to the confidence of international investors in the company. Dr. Rajiv Kumar Gupta IAS is the MD, GNFC.