GSFC Q3 Results: Delivers Strong Net Profit of Rs 133.9 crore, Margin remains stable
The company's net profit increased from Rs 118 crore to Rs 133.9 crore, a 13.5% YoY increase.
GSFC Q3 Results: Delivers Strong Net Profit of Rs 133.9 crore, Margin remains stable
Gujarat State Fertilizer and Chemicals Ltd, announces Q3 results where Strong trading revenue and increased operational efficiency were the main drivers of Gujarat State Fertiliser and Chemicals Ltd.'s impressive Q3 results.
The company's net profit increased from Rs 118 crore to Rs 133.9 crore, a 13.5% YoY increase. When compared to the same time previous year, revenue increased 40.2% to Rs 2,814.1 crore from Rs 2,007.8 crore.
Operating performance increased dramatically, as seen by the 47.2% increase in EBITDA from Rs 107.7 crore YoY to Rs 158.5 crore. Compared to 5.4% the previous year, margins stayed steady at 5.6%.
The impressive outcomes are a result of GSFC's ongoing expansion in fertilizer sales and manufacturing, as well as the growing contributions from its chemical division.
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The company has benefited from higher trading revenues and operational efficiencies, reinforcing its position in the industry.
Shares of the company were trading lower by 4.7% at Rs 195.40 with dividend yield at 2.05%.
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