Gujarat Narmada Valley Fertilizers & Chemicals Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 08, 2023 at 08:05 pm IST
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Gujarat Narmada Valley Fertilizers & Chemicals Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 20,800 million compared to INR 25,870 million a year ago. Revenue was INR 22,320 million compared to INR 26,720 million a year ago. Net income was INR 1,820 million compared to INR 2,380 million a year ago. Basic earnings per share from continuing operations was INR 11.74 compared to INR 15.35 a year ago. Diluted earnings per share from continuing operations was INR 11.74 compared to INR 15.35 a year ago.
For the six months, sales was INR 37,320 million compared to INR 52,830 million a year ago. Revenue was INR 39,720 million compared to INR 54,440 million a year ago. Net income was INR 2,700 million compared to INR 8,100 million a year ago. Basic earnings per share from continuing operations was INR 17.42 compared to INR 52.26 a year ago. Diluted earnings per share from continuing operations was INR 17.42 compared to INR 52.26 a year ago.
Gujarat Narmada Valley Fertilizers & Chemicals Limited is an India-based company that is engaged in the manufacturing and selling of fertilizers, industrial chemical products and providing information technology (IT) services. The Company's segments include Fertilizers, Chemicals and Others. The Fertilizers segment is engaged in the manufacturing of urea and ammonium nitro phosphate, which is marketed under the brand, Bharat. The Chemicals segment is engaged in the production of methanol, formic acid, toluene di-isocyanate, technical grade urea, weak nitric acid, aniline, concentrated nitric acid, acetic acid, ethyl acetate and ammonium nitrate. The Other segment includes information technology division activities and neem product related activities. Its IT division provides a suite of value-added services, covering system integration, smart cities implementation, e-auction, blockchain, education domain, e-governance, data center and cloud services, and CCTV surveillance systems.