happy days of gnfc are over for sure , atleast temporarily… the direction & style of dr. rajiv gupta is completely lost . correction to deepen in coming days
GNFC: Weak show
lower TDI prices impacting revenues?
Weakness led by both chemicals and fertilizers segment
Revenue down 23% at 1219cr vs 1591cr
EBITDA down 81% at 80.5cr vs 428cr
OPM at 6.6% vs 26.9%
PAT down 27% at 165cr vs 227.8cr
- Other Income at 74.7cr vs 33cr
The company has written off subsidy income which is due for quite long and made a provision for investments in IL&FS.
Notes to Accounts Employees’ Provident Fund Trust of the Company is holding investments aggregating to Rs. 41 Crore in various long term secured/unsecured listed debt securities issued by IL&FS Group. Co has made provision of 25% of the amount
Plant was shut for 27 days for annual maintenance.
Latest offer from GNFC is at Rs. 140-150/kg for TDI.