5006702025-07-012025-09-305006702025-09-305006702025-03-315006702025-04-012025-09-305006702025-07-012025-09-30in-capmkt:OtherExpenses1Member5006702025-07-012025-09-30in-capmkt:OtherExpenses2Member5006702025-04-012025-09-30in-capmkt:OtherExpenses1Member5006702025-04-012025-09-30in-capmkt:OtherExpenses2Member5006702025-07-012025-09-30in-capmkt:ReportableSegments1Member5006702025-07-012025-09-30in-capmkt:ReportableSegments2Member5006702025-07-012025-09-30in-capmkt:ReportableSegments3Member5006702025-04-012025-09-30in-capmkt:ReportableSegments1Member5006702025-04-012025-09-30in-capmkt:ReportableSegments2Member5006702025-04-012025-09-30in-capmkt:ReportableSegments3Member5006702025-07-012025-09-30in-capmkt:ReportableSegments1Member5006702025-07-012025-09-30in-capmkt:ReportableSegments2Member5006702025-07-012025-09-30in-capmkt:ReportableSegments3Member5006702025-04-012025-09-30in-capmkt:ReportableSegments1Member5006702025-04-012025-09-30in-capmkt:ReportableSegments2Member5006702025-04-012025-09-30in-capmkt:ReportableSegments3Member5006702025-07-012025-09-30in-capmkt:ReportableSegments1Member5006702025-09-30in-capmkt:ReportableSegments1Member5006702025-07-012025-09-30in-capmkt:ReportableSegments2Member5006702025-09-30in-capmkt:ReportableSegments2Member5006702025-07-012025-09-30in-capmkt:ReportableSegments3Member5006702025-09-30in-capmkt:ReportableSegments3Member5006702025-07-012025-09-30in-capmkt:ReportableSegments1Member5006702025-09-30in-capmkt:ReportableSegments1Member5006702025-07-012025-09-30in-capmkt:ReportableSegments2Member5006702025-09-30in-capmkt:ReportableSegments2Member5006702025-07-012025-09-30in-capmkt:ReportableSegments3Member5006702025-09-30in-capmkt:ReportableSegments3Member5006702025-07-012025-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15006702025-07-012025-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss25006702025-04-012025-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15006702025-04-012025-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss2iso4217:INRiso4217:INRxbrli:shares500670GNFCNOTLISTEDINE113A01013GUJARAT NARMADA VALLEY FERTILIZERS AND CHEMICALS LIMITEDMain BoardEquity2025-04-012026-03-312025-11-122025-10-13INRCroresQuarterlySecond quarterMulti segment2025-11-1215:30:002025-11-1217:20:00trueCash Flow IndirectNot applicable2025-07-012025-09-30UnauditedConsolidated1968000000012700000002095000000010260000000120000000450000000136000000010000000810000000564000000018650000000230000000002300000000630000000-10000000053000000001770000000000200000001790000000-150000000164000000014700000001012.1812.180012.1812.181. 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. <BR> 2. The above standalone and consolidated financial results have been reviewed by the Audit Committee at its meeting held on November 11, 2025 and approved by the Board of Directors at its meeting held on November 12, 2025. The statutory auditors of the Company have carried out a 'limited review' of these results. <BR> 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. <BR> 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. <BR> 5. Employee benefits expense for the corresponding quarter and half year year ended September 30, 2024 and year ended March 31, 2025 includes reversal impact of Rs. 14.17 crores being excess liability related to FY 2023-24. <BR> 6. The Board of Directors of the Company in their meeting held on May 23, 2025 recommended a final dividend of Rs. 18 per fully paid up equity shares of Rs.10 each, aggregating to Rs. 264.49 crores for the year ended March 31, 2025, which was approved by the shareholders at the Annual General Meeting held on September 09, 2025. <BR> 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 figures for the previous quarter are not comparable with the current quarter as well as corresponding quarter and the year to date figures of current years with corresponding year to date figures to that extent. <BR> 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". <BR> 9.Figures in the results are rounded off to the nearest Rs. Crore, except Earnings Per Share. <BR> 10. Previous period / year figures have been re-grouped / re-classified / re-casted wherever considered necessary to conform with the current period presentation.2025-04-012025-09-30UnauditedConsolidated3569000000027700000003846000000018650000000200000000390000000282000000030000000155000000011470000000351100000003350000000033500000001050000000-25000000080000000002550000000000700000002620000000750000000337000000014700000001017.8217.820017.8217.82Power, fuel and other utilities3950000000Other expenses1690000000Power, fuel and other utilities7390000000Other expenses40800000002688000000075400000003600000000410000000000143100000000446000000018000000018950000000046500000005879000000010500000000939000000038300000006000000083000000001595000000090000000038430000000092000000049850000000001086400000001470000000850100000008648000000008648000000000004000000040000000587000000023300000004250000000012490000000800000001500000003350000000350000000037500000007330000000119000000041000000013000000061000000096700000000022160000000108640000000Fertilizers7810000000Chemicals11620000000Others250000000Fertilizers13580000000Chemicals21670000000Others4400000001968000000035690000000001968000000035690000000Fertilizers-350000000Chemicals1580000000Others140000000Fertilizers-1350000000Chemicals2940000000Others170000000137000000017600000001000000030000000-940000000-162000000023000000003350000000Fertilizers18620000000Chemicals27850000000Others17500000004822000000060420000000108640000000Fertilizers10780000000Chemicals5660000000Others1360000000178000000004360000000221600000003000000020800000003500000000-280000000-140000000000-14600000000190000000015500000000-2000000018000000090000000-10000000-4000000024000000015800000000003000000001200000000850000000420000000000010600000000314000000000000000034800000000000000000000000040000000213000000001590000000280000000000000000002580000000300000000-30000000-26400000007800000000780000000-800000000-20000000Re-measurement (loss) / gain on defined benefit plans190000000Net (loss) / gain on FVTOCI equity investments-320000000-130000000Re-measurement (loss) / gain on defined benefit plans290000000Net (loss) / gain on FVTOCI equity investments63000000092000000020000000170000000-150000000750000000