HIGHEST EVER PERFORMANCE OF GNFC IN ITS 41 YEARS HISTORY DURING FY2016-17

41 st AGM of Gujarat Narmada Valley Fertilizers & Chemicals Ltd. held at Bharuch, on 29th September, 2017. A very large number of Members attended the same enthusiastically and expressed trust in the Management and Administration of the company.

 

Dr. Rajiv Kumar Gupta, while analyzing the National and Global Economic Scenario, expressed confidence that the two recent historical initiatives of Government viz. Demonetization and implementation of Goods & Service Tax (GST) will further strengthen the economic foundation and will play a significant role in long term development of India While appraising esteemed Members about Financial Performance of the company,

He said:

ï‚· Company has achieved highest ever PBT of Rs.715 Crores while PAT has also been highest ever at Rs.521 Crores during the year 2016-17.

ï‚· Highest ever single quarter PBT of Rs.314 Crores for the fourth quarter of FY2016-17.

ï‚· Highest ever exports of Rs. 361 Crores in 55 countries.

ï‚· Highest ever turnover of Rs.189 Crores and Profit of Rs.51 Crores byInformation Technology (IT) Division.

ï‚· Highest ever Market Capitalization of Rs.5015 Crores

ï‚· Highest ever Dividend of Rs.5/- per equity share i.e. @ 50%.

ï‚· Highest ever earning per share Rs.33.54.

 

The Chairman while giving details of operating performance informed that Ammonia,

Urea, Ammonium Nitrophosphate, Formic Acid and TDI-II Plants have achieved

highest ever production. Acetic Acid and Aniline Plants were also operated at more

than 100% capacity. The Chairman also informed that during the first quarter of FY 2017-18 the

company has achieved PBT of Rs.105 Crores, which is the highest PBT of first quarter in the last 10 years.