GNFC gains over 8% as it reports robust Q4 and FY22 results
5paisa Research Team
Last Updated: 10th December 2022 - 04:05 pm
The PAT for FY22 has jumped over 147%.
Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC), an S&P 500 company primarily engaged in fertilizers and chemical business, has been trending on Dalal Street as it has rallied by about 8.08% from its previous close of Rs 757.20. The scrip opened at Rs 794 and made a day’s high of Rs 846.30.
The company announced its Q4 and FY22 results on 9th May. In Q4FY22, revenue grew by 59.93% YoY to Rs 2771.71 crore from Rs 1733.03 crore in Q4FY21. On a sequential basis, the top line was up by 16.44%. PBIDT (Ex OI) was reported at Rs 885.88 crore, up by 88.32% as compared to the year-ago period and the corresponding margin was reported at 31.96%, expanding by 482 basis points YoY. PAT was reported at Rs 643.26 crore, up by 108.24% from Rs 308.91 crore in the same quarter for the previous fiscal year. The PAT margin stood at 23.21% in Q4FY22 expanding from 17.82% in Q4FY21.
As far as the fiscal 2022 results are concerned, the revenues grew by 68.5% to Rs 8,642 crore as against FY21. The EBITDA and PAT jumped by 108% and 147% to Rs 2,593 crore and Rs 1,704 crore, respectively. The stock witnessed a gap up of 4.88% and remained buoyant throughout the day. The board has also recommended a dividend of Rs 10 per share.
Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC), is a joint sector enterprise promoted by the Government of Gujarat and the Gujarat State Fertilizers & Chemicals Ltd. (GSFC). It was set up in Bharuch, Gujarat in 1976. Located at Bharuch in an extremely prosperous industrial belt, GNFC draws on the resources of the natural wealth of the land as well as the industrially rich reserves of the area. The stock has a 52-week high of Rs 4,986.85 and a 52-week low of Rs 1,926.
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