In an interview to CNBC-TV18, Rajiv Kumar Gupta, MD of GNFC discussed the company's Q3 performance and restarting of Dahej plant.
GNFC posted a steady set of earnings in Q1 as chemical business margins improved while fertiliser losses reduced. In an interview to CNBC-TV18, Rajiv Kumar Gupta, MD of the company spoke about the results and his outlook for the company.
In an interview to CNBC-TV18, Suresh Warior, Director-Finance at Rashtriya Chemicals and Fertilisers (RCF) detailed the impact of the new urea policy.
In an interview to CNBC-TV18, AM Tiwari, MD of Gujarat State Fertilizers & Chemicals (GSFC) spoke about the results and his outlook for the company.
In an interview with CNBC-TV18, Rajiv Kumar Gupta, MD of the company, said in the second quarter of this fiscal year the company declared a profit of Rs 228 crore. This is the highest-ever single profit declared by the company since its inception in 1982.
In an interview to CNBC-TV18, Rajiv Kumar Gupta, MD of Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) said that changes in government policy led to lower revenue for fertiliser segment.
Revenue went up 9.6 percent to Rs 1,308 crore (YoY) and EBITDA margins grew 2.4 percentage point to 12.7 percent (YoY).
Speaking to CNBC-TV18, GR Aloria, CMD of the company says that lower oil prices and operational efficiency aided earnings in the quarter gone-by. Aloria expects to maintain same growth level for the coming quarters as well.
In an interview to CNBC-TV18, KC Jatania, ED and CFO of GNFC said, in the second quarter, sales growth will be better than the first quarter. “In the first quarter, we had a one month shutdown. It was a planned shutdown. In the second quarter that is not there. So, compared to the first quarter performance is better.”
There are rumours going around that RIL may renegotiate its gas prices or completely decontrol it. However, according to KC Jatania, Executive Director and Chief Financial Officer of GNFC, this decision is taken by the Government of India, not RIL.