GNFC posts highest ever Q3 fin results in 4 decades

Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC) has declared the  highest ever financial results in over four decades history for Q-3 as well as nine months ended December 31, 2017. The Rs. 721 crore PBT of nine months achieved is higher than the highest ever yearly profit of Rs 715 crore registered at the end of last financial year. Elaborating on the results, Dr Rajiv Kumar Gupta, IAS, Managing Director, GNFC commended the extra ordinary performance of GNFC which is best ever in its over four decades history and further added that with improved financial performance, long term debt to tune of Rs 471 crore is prepaid apart from normal repayment of Rs. 204 crore, totalling to Rs 675 crore during this financial year so far and hope to be the debt free by end of this financial year. These measures reduced the finance cost of the company by more than 50% Q-o-Q.