Gujarat State Fertilizers & Chemicals Ltd. Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2011
January 27, 2012 at 11:18 pm IST
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Gujarat State Fertilizers & Chemicals Ltd. announced unaudited earnings results for the third quarter and nine months ended December 31, 2011. For the quarter, the company reported net sales/income from operations of INR 13,000.2 million against INR 12,651.4 million for the same period a year ago. Profit before interest and exceptional items were INR 2,559.1 million against INR 3,291.8 million for the same period a year ago. Net profit was INR 1,723.5 million or INR 21.63 per basic and diluted share against INR 2,286.2 million or INR 28.69 per basic and diluted share for the same period a year ago.
For the nine months, the company reported net sales/income from operations of INR 37,718.3 million against INR 36,325.6 million for the same period a year ago. Profit before interest and exceptional items were INR 8,357.3 million against INR 8,183.2 million for the same period a year ago. Net profit was INR 5,272.3 million or INR 66.16 per basic and diluted share against INR 5,442.3 million or INR 68.29 per basic and diluted share for the same period a year ago.
Gujarat State Fertilizers & Chemicals Limited is an India-based company engaged in the production of fertilizers and chemicals. The Company operates through two segments: Fertilizer Products and Industrial Products. The Fertilizer Products segment consists of urea, ammonium sulphate, di-ammonium phosphate, ammonium phosphate sulphate, NPK (12:32:16), (10:26:26), traded fertilizer products, and others. The Industrial Products segment includes caprolactam, nylon-6, nylon chips, melamine, methanol, traded industrial products, and others. Its product categories include fertilizers, industrial products: major, industrial products: other, water-soluble fertilizers, sulfur-based products, plant tissue culture, micronutrients, plant growth promoters, soil conditioners, organic products, and seeds. The Companyâs agro services include Agrinet Call Center, Farm Youth Training Program, Crop Demonstrations, Krishi Jivan, Horticulture Department, and Soil Testing Laboratory.