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Gujarat State Fertilizers & Chemicals Ltd News

NFL, RCF, FACT: Shares of fertiliser firms rally up to 13% ahead of Budget

In the pre-Budget consultations with the finance minister, the agri sector had sought rationalisation of fertiliser subsidies and hike in investment for agricultural research.

NFL, RCF, FACT: Shares of fertiliser firms rally up to 13% ahead of Budget
Updated On : 22 Jul 2024 | 12:15 PM IST

Fertiliser shares extends rally; RCF, NFL, FACT, Deepak zoom up to 20%

Ind-Ra opines the credit profile of fertiliser players will remain comfortable in FY25, driven by the government of India's continued policy-level support to the industry.

Fertiliser shares extends rally; RCF, NFL, FACT, Deepak zoom up to 20%
Updated On : 20 Jun 2024 | 2:28 PM IST

Fertiliser shares rally up to 12%; RCF, Chambal, Coromandel hit 52-wk highs

Ind-Ra opines the credit profile of fertiliser players will remain comfortable in FY25, driven by the GoI's continued policy-level support to the industry by way of the healthy subsidy budget.

Fertiliser shares rally up to 12%; RCF, Chambal, Coromandel hit 52-wk highs
Updated On : 19 Jun 2024 | 2:01 PM IST

GSFCL Q4 results: PAT declines 89% to Rs 24.43 cr, total income falls 16%

Gujarat State Fertilisers and Chemicals (GSFCL) on Tuesday posted a sharp 89 per cent drop in consolidated net profit to Rs 24.43 crore for the fourth quarter of 2023-24 on poor sales. Its net profit stood at Rs 224.91 crore in the same quarter in the preceding fiscal. The total income fell 16.34 per cent to Rs 2,017.46 crore in the January-March quarter of 2023-24 from Rs 2,411.56 crore a year earlier, according to a regulatory filing. The company's expenses remained lower at Rs 1,993 crore in the period under review against Rs 2,105.74 crore a year ago. The company said FY24 was a challenging year due to external headwinds in fertilisers and industrial products segments. "FY23-24 was a challenging year for the company due to external headwinds in both fertilisers and industrial products segments," GSFCL said. However, with a high net-worth proportion in the overall balance sheet size and long-term debt-free position, the company has a strong financial position to fund its capex

GSFCL Q4 results: PAT declines 89% to Rs 24.43 cr, total income falls 16%
Updated On : 21 May 2024 | 9:05 PM IST