| Scrip Code | 500670 |
|---|---|
| NSE Symbol | GNFC |
| MSEI Symbol | NOTLISTED |
| ISIN | INE113A01013 |
| Name of company | GUJARAT NARMADA VALLEY FERTILIZERS AND CHEMICALS LIMITED |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-04-2025 |
| Date of end of financial year | 31-03-2026 |
| Date of board meeting when results were approved | 10-02-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 13-01-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Third quarter |
| Nature of report standalone or consolidated | Consolidated |
| Whether results are audited or unaudited for the quarter ended | Unaudited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Unaudited |
| Segment Reporting | Multi segment |
| Description of single segment | |
| Start date and time of board meeting | 10-02-2026 15:00:00 |
| End date and time of board meeting | 10-02-2026 17:20:00 |
| Whether cash flow statement is applicable on company | |
| Type of cash flow statement | |
| Declaration of unmodified opinion or statement on impact of audit qualification | Not applicable |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| 1 | Income | ||
| Revenue from operations | 1,99,600.00 | 5,56,500.00 | |
| Other income | 9,700.00 | 37,400.00 | |
| Total income | 2,09,300.00 | 5,93,900.00 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 1,04,700.00 | 2,91,200.00 |
| (b) | Purchases of stock-in-trade | 1,400.00 | 3,400.00 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | 3,500.00 | 7,400.00 |
| (d) | Employee benefit expense | 13,400.00 | 41,600.00 |
| (e) | Finance costs | 100.00 | 400.00 |
| (f) | Depreciation, depletion and amortisation expense | 7,300.00 | 22,800.00 |
| (f) | Other Expenses | ||
| 1 | Power, fuel and other utilities | 39,900.00 | 1,13,800.00 |
| 2 | Other expenses | 18,600.00 | 59,400.00 |
| Total other expenses | 58,500.00 | 1,73,200.00 | |
| Total expenses | 1,88,900.00 | 5,40,000.00 | |
| 3 | Total profit before exceptional items and tax | 20,400.00 | 53,900.00 |
| 4 | Exceptional items | 0.00 | 0.00 |
| 5 | Total profit before tax | 20,400.00 | 53,900.00 |
| 6 | Tax expense | ||
| 7 | Current tax | 6,600.00 | 17,100.00 |
| 8 | Deferred tax | (1,200.00) | (3,700.00) |
| 9 | Total tax expenses | 5,400.00 | 13,400.00 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 |
| 11 | Net Profit Loss for the period from continuing operations | 15,000.00 | 40,500.00 |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 14 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0.00 | 700.00 |
| 16 | Total profit (loss) for period | 15,000.00 | 41,200.00 |
| 17 | Other comprehensive income net of taxes | (1,200.00) | 6,300.00 |
| 18 | Total Comprehensive Income for the period | 13,800.00 | 47,500.00 |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | |||
| Total profit or loss, attributable to non-controlling interests | |||
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | |||
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | |||
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 14,700.00 | 14,700.00 | |
| Face value of equity share capital | 10 | 10 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | ||
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | 10.2 | 28.03 | |
| Diluted earnings (loss) per share from continuing operations | 10.2 | 28.03 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | 0 | |
| Diluted earnings (loss) per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | 10.2 | 28.03 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 10.2 | 28.03 | |
| 24 | Debt equity ratio | ||
| 25 | Debt service coverage ratio | ||
| 26 | Interest service coverage ratio | ||
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | 1. The above standalone and consolidated financial results of the Company have been prepared in accordance with the Indian Accounting Standards (”Ind AS”) as prescribed under section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting Standards) Rules, 2015, as amended from time to time. 2. The above standalone and consolidated financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on February 10, 2026. The statutory auditors of the Company have carried out a 'limited review' of these results. 3. 3.During the quarter ended September 30, 2022, the Company has received updated Demand Notice of Rs. 21370 Crores (including interest and penalty computed till November 30, 2021) from the Department of Telecommunications (DoT), Ministry of Communications, Government of India, Gujarat Telecom Circle, Ahmedabad, vide its letters dated July 15, 2022 towards the license fee in respect of Very Small Aperture Terminal (V-SAT) License and Category A - Internet Service Provider (ISP) License for the financial years from FY 2005-06 to FY 2019-20. Earlier, the Company had also received an initial Demand Notice from DOT dated March 05, 2020 and December 23, 2019 for amounting to Rs. 16359 Crores and Rs. 15020 Crores, respectively (including interest and penalty). The Company has made representations to the DoT against the said demand notices. The Company has evaluated the assessment made by DoT for raising the above demand notices based on the Adjusted Gross Revenue (AGR) judgement of Hon’ble Supreme Court of India on October 24, 2019. Aggrieved by the above demands, the Company had submitted various representations dated January 06, 2020, February 21, 2020, April 03, 2020 and March 04, 2022 to the DoT requesting reconsideration and withdrawal of the Demands raised by the DoT including the revenues of the Company from Fertilizers and Chemicals Business which is completely unconnected to VSAT and ISP Licenses. Hon’ble Supreme Court vide its Order dated June 11, 2020 directed DoT to reconsider the demand raised on Public Sector Undertakings (“PSUs”), which are not in business of mobile services to the general public. The Telecom Disputes Settlement & Appellate Tribunal (TDSAT), in its Order dated 28th February, 2022 in the case of Netmagic Solutions Pvt. Ltd., a private limited company, held that there is no scope to differentiate between two sets of licensees having same or similar Licenses only on the basis of their ownership, private or public and set aside the demand raised by the DoT.Based on the legal assessment in consultation with Senior Advocates, the Company believes that it has strong grounds on merits to contest the demand raised by the DoT and defend itself in the matter, hence no provision is considered necessary in these financial results. As at reporting date, the Company has not received any further update from DoT regarding these demand notices. 4. Other income for the year ended March 31, 2025 includes Rs. 3.06 Crores received from IL&FS Financial Services Limited as interim distribution towards investments in its non-convertible debentures and Rs. 3.56 Crores received from Reliance Capital as full & final distribution towards investments in its non-convertible debentures. The Company had already made good the loss while transferring the PF corpus to the Employees’ Provident Fund Organisation (EPFO) by considering the fair value of securities at Rs. 1 each and therefore, the aforesaid receipt has been recorded as income of the Company. 5. Employee benefits expense for current quarter and nine months ended December 31, 2025 includes reversal impact of Rs. 5.97 crores being excess liability related to FY 2024-25. Further, figures for the corresponding nine months ended December 31, 2024 and year ended March 31, 2025 includes reversal impact of Rs. 14.17 crores being excess liability related to FY 2023-24. 6. On November 21, 2025, the Government of India notified the four Labour codes - The code on Wages, 2019, The Industrial Relations code, 2020, The code on Social Security, 2020 and The Occupational Safety, Health and Working Conditions Code, 2020 - consolidating 29 existing Labour Laws. The Company has assessed the impact of these changes on the basis of internal assessment with guidance provided by the Institute of Chartered Accountants of India. The incremental impact for own employees and contract employees is not material. The Government is in the process of notifying related rules to the new labour code and impact, if any, will be evaluated and accounted for in the period in which they are notified. The Company continues to monitor the finalization of Central/State Rules and clarifications from the Government on other aspects of the Labour code and would provide appropriate accounting effect on the basis of such developments as needed. 7. Manufacturing facilities of the Company had undergone planned annual shutdown for the period of 18 days (i.e. from 01.04.2025 to 18.04.2025). Hence the year to date figures of current year are not comparable with corresponding year to date figures to that extent. 8. The Consolidated Financial Results includes results of an Associate Company – “Gujarat Green Revolution Company Limited” in accordance with Ind AS – 110 “Consolidated Financial Statements” and Ind AS -28 “Investments in Associates and Joint Ventures. 9. Figures in the results are rounded off to the nearest Rs Crore, except Earnings Per Share. 10. Previous period / year figures have been re-grouped / re-classified / re-casted wherever considered necessary to conform with the current period presentation. |
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| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|---|
| Date of start of reporting period | 01-10-2025 | 01-04-2025 | |||||
| Date of end of reporting period | 31-12-2025 | 31-12-2025 | |||||
| Whether results are audited or unaudited | Unaudited | Unaudited | |||||
| Nature of report standalone or consolidated | Consolidated | Consolidated | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| 1 | Fertilizers | 73,400.00 | 2,09,200.00 | ||||
| 2 | Chemicals | 1,23,500.00 | 3,40,200.00 | ||||
| 3 | Others | 2,700.00 | 7,100.00 | ||||
| Total Segment Revenue | 1,99,600.00 | 5,56,500.00 | |||||
| Less: Inter segment revenue | 0.00 | 0.00 | |||||
| Revenue from operations | 1,99,600.00 | 5,56,500.00 | |||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| 1 | Fertilizers | (2,700.00) | (16,200.00) | ||||
| 2 | Chemicals | 15,600.00 | 45,000.00 | ||||
| 3 | Others | 1,100.00 | 2,800.00 | ||||
| Total Profit before tax | 14,000.00 | 31,600.00 | |||||
| i. Finance cost | 100.00 | 400.00 | |||||
| ii. Other Unallocable Expenditure net off Unallocable income | (6,500.00) | (22,700.00) | |||||
| Profit before tax | 20,400.00 | 53,900.00 | |||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| 1 | Fertilizers | 1,91,500.00 | 1,91,500.00 | ||||
| 2 | Chemicals | 2,80,300.00 | 2,80,300.00 | ||||
| 3 | Others | 16,700.00 | 16,700.00 | ||||
| Total Segment Asset | 4,88,500.00 | 4,88,500.00 | |||||
| Un-allocable Assets | 6,15,000.00 | 6,15,000.00 | |||||
| Net Segment Asset | 11,03,500.00 | 11,03,500.00 | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| 1 | Fertilizers | 1,07,500.00 | 1,07,500.00 | ||||
| 2 | Chemicals | 65,300.00 | 65,300.00 | ||||
| 3 | Others | 13,300.00 | 13,300.00 | ||||
| Total Segment Liabilities | 1,86,100.00 | 1,86,100.00 | |||||
| Un-allocable Liabilities | 38,800.00 | 38,800.00 | |||||
| Net Segment Liabilities | 2,24,900.00 | 2,24,900.00 | |||||
| Disclosure of notes on segments | |||||||
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | Re-measurement (loss) / gain on defined benefit plans | 600.00 | 3,500.00 |
| 2 | Net (loss) / gain on FVTOCI equity investments | (1,800.00) | 4,500.00 |
| Total Amount of items that will not be reclassified to profit and loss | (1,200.00) | 8,000.00 | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | 0.00 | 1,700.00 |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| Total Amount of items that will be reclassified to profit and loss | |||
| 4 | Income tax relating to items that will be reclassified to profit or loss | ||
| 5 | Total Other comprehensive income | (1,200.00) | 6,300.00 |