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Hot Pursuit News

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(22 May 2024, 12:16)

GSFC drops as PAT tanks 89% YoY in Q4 FY24

Gujarat State Fertilizers & Chemicals (GSFC) slumped 7.85% to Rs 222.45 after the fertilizer maker’s consolidated net profit tumbled 89.01% to Rs 24.71 crore on 17.56% fall in revenue from operations to Rs 1,965.25 crore in Q4 FY24 over Q4 FY23.


Profit before tax (PBT) in fourth quarter of FY24 was Rs 26.16 crore, down 91.43% from Rs 305.25 crore recorded in the same period last fiscal.

The company's revenue from fertilizer products was at Rs 1,334.11 crore (down 24.33% YoY) while industrial products revenue came in at Rs 631.14 crore (up 1.65% YoY) during the period under review.

On a full year basis, the net profit slipped 55.44% to Rs 564.04 crore on 19.47% decline in revenue from operations to Rs 9,154.64 crore in FY24 over FY23.

Operating EBIDTA dropped 92.69% YoY to Rs 25 crore during the period under review.

In its outlook, GSFC said, “The company plans to follow production with mix of DAP & Non- DAP products during Q1-24/25 so as to optimize the cost and targets sales of about 4.5 LMT during current qua...

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