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Hot Pursuit News

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(29 May 2024, 12:48)

Gujarat Narmada Q4 PAT slides 62% to Rs 127 cr; declares dividend of Rs 16.50 / share

Gujarat Narmada Valley Fertilizers & Chemicals reported a 61.97% decline in its consolidated net profit to Rs 127 crore on 7.08% fall in revenue from operations to Rs 2,110 crore in Q4 FY24 over Q4 FY23.

Profit before tax fell 58.99% to Rs 171 crore in the fourth quarter of FY24.

Total expenses rose 3.54% YoY to Rs 2,047 crore in Q4 FY24. Cost of raw materials consumed was at Rs 1,173 crore (up 14.32% YoY) and employee benefit expenses came in at Rs 167 crore (up 1.21% YoY) during the quarter.

On the segmental front, the revenue from fertilizers climbed 14.16% YoY to Rs 790 crore in Q4 FY24.

The revenue from chemicals segment de-grew 17.44% to Rs 1,287 crore in the fourth quarter, the performance is lower in chemical segment mainly due to steep lower sales realization and lower volume partially compensated by decrease in input cost. The volume loss is due to annual turn around during the year which started around the last week of previous financial year.

Operating EBITDA...

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