Gujarat Narmada Valley Fertilizers Company (GNFC) is the stock on our radar after the company posted a good set of Q3 earnings. The company saw significant revenue growth and margin improvement owing to higher toluene di-isocynate (TDI) prices. The stock is also in focus on the back of their Dahej plant restarting.
In an interview to CNBC-TV18, Rajiv Kumar Gupta, MD of GNFC discussed the company's Q3 performance and Dahej plant restart.
Gupta said that the TDI plant utilisation has increased to 87 percent from 85 percent.
He further said that the TDI volume is up 10 percent year-on-year (YoY).
On Dahej plant front, he said that the TDI plant which was shut down due to certain technical problems, we have restarted that plant and the production has also started.
Talking about exports, he said we have enough export orders for next two months. TDI exports have been steadily on the rise, he added.
Methanol, Ethyl Acetate have crossed sales realisation in nine months, he mentioned.
Watch accompanying video for more details.
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