| 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 | 01-04-2026 |
| Date of end of financial year | 31-03-2027 |
| Date of board meeting when results were approved | 05-08-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 18-07-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | First quarter |
| Nature of report standalone or consolidated | Standalone |
| 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 | |
| Segment Reporting | Multi segment |
| Description of single segment | |
| Start date and time of board meeting | 05-08-2026 15:00:00 |
| End date and time of board meeting | 05-08-2026 16:25:00 |
| 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 |
| Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? | No |
| No. of times funds raised during the quarter | |
| Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? | No |
| The Company has not taken any loans or issued any debt securities. Therefore, the disclosure requirement is not applicable to the Company | |
| 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 | 01-04-2026 | 01-04-2026 |
| B | Date of end of reporting period | 30-06-2026 | 30-06-2026 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| 1 | Income | ||
| Revenue from operations | 2,23,800.00 | 2,23,800.00 | |
| Other income | 10,100.00 | 10,100.00 | |
| Total income | 2,33,900.00 | 2,33,900.00 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 1,31,000.00 | 1,31,000.00 |
| (b) | Purchases of stock-in-trade | 3,600.00 | 3,600.00 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | (29,700.00) | (29,700.00) |
| (d) | Employee benefit expense | 15,300.00 | 15,300.00 |
| (e) | Finance costs | 200.00 | 200.00 |
| (f) | Depreciation, depletion and amortisation expense | 7,600.00 | 7,600.00 |
| (f) | Other Expenses | ||
| 1 | Power, fuel and other utilities | 42,100.00 | 42,100.00 |
| 2 | Other expenses | 22,200.00 | 22,200.00 |
| Total other expenses | 64,300.00 | 64,300.00 | |
| Total expenses | 1,92,300.00 | 1,92,300.00 | |
| 3 | Total profit before exceptional items and tax | 41,600.00 | 41,600.00 |
| 4 | Exceptional items | 0.00 | 0.00 |
| 5 | Total profit before tax | 41,600.00 | 41,600.00 |
| 6 | Tax expense | ||
| 7 | Current tax | 11,300.00 | 11,300.00 |
| 8 | Deferred tax | (700.00) | (700.00) |
| 9 | Total tax expenses | 10,600.00 | 10,600.00 |
| 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 | 31,000.00 | 31,000.00 |
| 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 | 0.00 |
| 16 | Total profit (loss) for period | 31,000.00 | 31,000.00 |
| 17 | Other comprehensive income net of taxes | 5,300.00 | 5,300.00 |
| 18 | Total Comprehensive Income for the period | 36,300.00 | 36,300.00 |
| 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 | 21.09 | 21.09 | |
| Diluted earnings (loss) per share from continuing operations | 21.09 | 21.09 | |
| 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 | 21.09 | 21.09 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 21.09 | 21.09 | |
| 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 at its meeting held on August 04, 2026 and approved by the Board of Directors at its meeting held on August 05, 2026. The statutory auditors of the Company have carried out a 'limited review' of these results. 3.During the quarter ended September 30, 2022, the Company has received updated Demand Notice of Rs. 21,370 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. 16,359 Crores and Rs. 15,020 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. 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. During the previous quarter, the Company had assessed the impact of these changes on the basis of internal assessment with guidance provided by the Institute of Chartered Accountants of India. Accordingly, the Company had estimated and recognised past service cost towards incremental obligation in gratuity and leave encashment aggregating to Rs. 3.12 crores based on the best available information and review of the existing wage structure, which is included in Employee Benefits Expense for the quarter and year ended March 31, 2026. The Company continues to monitor the finalisation of Central / State Rules and any clarifications from the Government on other aspects of the New Labour Codes and would provide appropriate accounting effect in the relevant period on the basis of such developments as needed. 5. The figures of the preceding quarter ended March 31, 2026 were the balancing figures between audited figures in respect of the full financial year ended March 31, 2026 and the unaudited published year to date figures upto December 31, 2025 being the date of the end of the third quarter of the financial year which were subjected to limited review. 6. Manufacturing facilities of the Company at Bharuch had undergone planned annual shutdown for the period of 18 days (i.e. from 01.04.2025 to 18.04.2025). Hence, figures of the current quarter is strictly not comparable with the corresponding quarter ended June 30, 2025. 7. 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. 8. Figures in the results are rounded off to the nearest Rs. Crore, except Earnings Per Share. 9. Previous periods' / year's figures have been re-grouped / re-classified / re-casted wherever considered necessary to conform with the current period's 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 | 01-04-2026 | 01-04-2026 | |||||
| Date of end of reporting period | 30-06-2026 | 30-06-2026 | |||||
| Whether results are audited or unaudited | Unaudited | Unaudited | |||||
| Nature of report standalone or consolidated | Standalone | Standalone | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| 1 | Fertilizers | 64,900.00 | 64,900.00 | ||||
| 2 | Chemicals | 1,56,900.00 | 1,56,900.00 | ||||
| 3 | Others | 2,000.00 | 2,000.00 | ||||
| Total Segment Revenue | 2,23,800.00 | 2,23,800.00 | |||||
| Less: Inter segment revenue | 0.00 | 0.00 | |||||
| Revenue from operations | 2,23,800.00 | 2,23,800.00 | |||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| 1 | Fertilizers | (8,500.00) | (8,500.00) | ||||
| 2 | Chemicals | 42,500.00 | 42,500.00 | ||||
| 3 | Others | 900.00 | 900.00 | ||||
| Total Profit before tax | 34,900.00 | 34,900.00 | |||||
| i. Finance cost | 200.00 | 200.00 | |||||
| ii. Other Unallocable Expenditure net off Unallocable income | (6,900.00) | (6,900.00) | |||||
| Profit before tax | 41,600.00 | 41,600.00 | |||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| 1 | Fertilizers | 2,34,200.00 | 2,34,200.00 | ||||
| 2 | Chemicals | 3,09,600.00 | 3,09,600.00 | ||||
| 3 | Others | 17,600.00 | 17,600.00 | ||||
| Total Segment Asset | 5,61,400.00 | 5,61,400.00 | |||||
| Un-allocable Assets | 6,08,300.00 | 6,08,300.00 | |||||
| Net Segment Asset | 11,69,700.00 | 11,69,700.00 | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| 1 | Fertilizers | 1,14,300.00 | 1,14,300.00 | ||||
| 2 | Chemicals | 59,100.00 | 59,100.00 | ||||
| 3 | Others | 14,400.00 | 14,400.00 | ||||
| Total Segment Liabilities | 1,87,800.00 | 1,87,800.00 | |||||
| Un-allocable Liabilities | 47,500.00 | 47,500.00 | |||||
| Net Segment Liabilities | 2,35,300.00 | 2,35,300.00 | |||||
| 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 | 01-04-2026 | 01-04-2026 |
| B | Date of end of reporting period | 30-06-2026 | 30-06-2026 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| 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 | (1,600.00) | (1,600.00) |
| 2 | Net (loss) / gain on FVTOCI equity investments | 6,300.00 | 6,300.00 |
| Total Amount of items that will not be reclassified to profit and loss | 4,700.00 | ||
| 2 | Income tax relating to items that will not be reclassified to profit or loss | (600.00) | (600.00) |
| 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 | 0.00 | 0.00 |
| 5 | Total Other comprehensive income | 5,300.00 | 5,300.00 |