Gujarat Narmada Valley Fertilizers and Chemicals Q1 results, quarter to Jun 2026

NSE: GNFCBSE: 500670Chemicals & PetrochemicalsSmall Cap

Gujarat Narmada Valley Fertilizers and Chemicals Limited · Formerly Gujarat Narmada Valley Fertilizer Company · Face value ₹10 · Listed Oct 1981 on BSE, May 1995 on NSE

₹514.50₹5.15 (1.01%)BSE ₹514.60

Share price at the NSE close on 28 Oct 2026. Previous close ₹509.35.

28 Oct: open ₹511.00, high ₹520.70, low ₹506.00

52-week range of traded prices to 28 Oct 2026

₹365.00Low, 30 Mar 2026₹636.00High, 25 Sep 2026

Next results date: the board meets on 2 Nov 2026 to consider: financial results. The notice · Results calendar

Market cap: ₹7,560 Cr677th largest listed
P/E: 7.29
P/B: 0.83
Dividend yield: 4.08%
ROE: 11.7%
ROCE: 10.2%
Debt to equity: 0.00
Volume, NSE: 2,63,61144.5% delivered

Gujarat Narmada Valley Fertilizers and Chemicals filed its Q1 results for the quarter to Jun 2026 on 5 Aug 2026 at 5:00 pm, consolidated: the company and its subsidiaries together.

Q1 results, quarter to Jun 2026

₹ crore.Gujarat Narmada Valley Fertilizers and Chemicals annual results and balance sheet

Revenue: ₹2,238 Cr+39.8% on a year ago · +1.4% on the quarter before
Operating profit: ₹393 Cr+1,167.7% on a year ago · −18.5% on the quarter before
Net profit: ₹312 Cr+275.9% on a year ago · −21.2% on the quarter before
Earnings per share: ₹21.22+275.6% on a year ago · −21.2% on the quarter before
Operating margin: 17.6%
Net margin: 13.9%

From revenue to net profit, ₹ crore

Revenue2,238
Materials and goods−1,049
Employee costs−153
Other expenses−643
Operating profit393
Depreciation−76
Other income+101
Finance costs−2.0
Profit before tax416
Tax−106
Joint ventures+2.0
Net profit312

Gujarat Narmada Valley Fertilizers and Chemicals results by quarter

Consolidated: the company and its subsidiaries together. Latest quarter to Jun 2026. Results for the quarter to Sep 2026 are due by 14 Nov 2026, 45 days after it ends. Every company's dates are on the results calendar.Results filings and date

Revenue and net profit by quarter, ₹ crore

Revenue
Net profit

Peak revenue ₹2,238 Cr, quarter to Jun 2026; lowest ₹1,601 Cr, quarter to Jun 2025

Operating and net margin by quarter, per cent

Operating margin
Net margin

₹ crore	Sep 2021	Dec 2021Q3	Mar 2022	Jun 2022Q1	Sep 2022	Dec 2022Q3	Mar 2023	Jun 2023Q1	Sep 2023	Dec 2023Q3	Mar 2024	Jun 2024Q1	Sep 2024	Dec 2024Q3	Mar 2025Q4	Jun 2025Q1Filed 6 Aug	Sep 2025Q2Filed 12 Nov	Dec 2025Q3Filed 10 Feb	Mar 2026Q4Filed 18 May	Jun 2026Q1Filed 5 Aug
Revenue from operations	2,096	2,380	2,772	2,696	2,587	2,673	2,271	1,652	2,080	2,088	2,110	2,021	1,917	1,899	2,055	1,601	1,968	1,996	2,208	2,238
	1,665	1,706	1,886	1,934	2,278	2,235	1,902	1,547	1,911	2,004	1,965	1,868	1,827	1,767	1,815	1,570	1,783	1,815	1,726	1,845
Materials and goods bought	1,090	1,090	1,253	1,155	1,442	1,332	1,040	876	1,145	1,252	1,231	1,172	1,185	1,052	1,121	841	1,083	1,096	1,041	1,049
Employee costs	117	114	109	108	173	160	165	134	170	154	167	149	128	144	145	146	136	134	124	153
Other expenses	459	503	523	671	663	743	697	537	596	598	567	547	514	571	549	583	564	585	561	643
Operating profit before depreciation	431	674	886	762	309	438	369	105	169	84	145	153	90	132	240	31	185	181	482	393
Operating margin	20.6%	28.3%	32.0%	28.3%	11.9%	16.4%	16.2%	6.4%	8.1%	4.0%	6.9%	7.6%	4.7%	7.0%	11.7%	1.9%	9.4%	9.1%	21.8%	17.6%
Depreciation and amortisation	71	77	74	76	77	76	74	76	78	76	78	78	76	75	74	74	81	73	79	76
Other income	58	48	61	76	85	77	123	88	152	121	108	99	123	157	122	150	127	97	125	101
Finance costs	1	1	1	2	1	1	1	1	1	7	4	17	2	3	1	2	1	1	2	2
One-off items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit before tax	417	644	871	761	316	438	417	116	242	122	171	157	135	211	287	105	230	204	526	416
	135	106	228	192	79	114	83	31	64	27	44	42	33	53	77	27	53	54	134	106
Current tax	141	108	248	198	87	140	117	31	72	37	65	45	35	53	84	42	63	66	141	113
Deferred tax	−6	−2	−20	−6	−8	−26	−34	0	−8	−10	−21	−3	−2	0	−7	−15	−10	−12	−7	−7
Tax rate	32.3%	16.4%	26.2%	25.2%	25.0%	26.0%	19.9%	26.7%	26.4%	22.1%	25.7%	26.8%	24.4%	25.1%	26.8%	25.7%	23.0%	26.5%	25.5%	25.5%
Share of profit of joint ventures and associates	2	2	0	2	1	2	2	3	4	2	3	3	3	5	1	5	2	–	4	2
Net profit	285	541	643	571	238	326	336	88	182	97	130	118	105	163	211	83	179	150	396	312
Other comprehensive income	44	156	54	−71	10	−67	−74	65	−145	72	−11	10	71	−64	−105	90	−15	−12	−67	53
Total comprehensive income	329	696	697	501	248	259	262	153	37	169	119	128	176	99	106	173	164	138	329	365
Net margin	13.6%	22.7%	23.2%	21.2%	9.2%	12.2%	14.8%	5.3%	8.8%	4.6%	6.2%	5.8%	5.5%	8.6%	10.3%	5.2%	9.1%	7.5%	17.9%	13.9%
Net margin without joint ventures and associates	13.5%	22.6%	23.2%	21.1%	9.2%	12.1%	14.7%	5.1%	8.6%	4.5%	6.0%	5.7%	5.3%	8.3%	10.2%	4.9%	9.0%	–	17.8%	13.9%
Earnings per share	₹18.31	₹34.79	₹41.38	₹36.77	₹15.35	₹21.03	₹21.68	₹5.68	₹11.74	₹6.30	₹8.84	₹8.03	₹7.14	₹11.09	₹14.35	₹5.65	₹12.18	₹10.20	₹26.94	₹21.22

Earnings per share in rupees, restated for later splits and bonuses.

Segment results by quarter

Consolidated, ₹ crore, quarters to Jun 2026.Gujarat Narmada Valley Fertilizers and Chemicals segment results by year

Chemicals
Revenue, ₹ crore
1,208
1,139
1,287
1,047
1,178
1,371
1,005
1,162
1,235
1,497
1,569
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Profit, ₹ crore
190
90
118
83
182
250
136
158
156
463
425
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Fertilizers
Revenue, ₹ crore
852
892
790
701
836
702
661
577
781
734
672
649
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Profit, ₹ crore
−67
−55
−26
−30
−52
−35
−49
−100
−35
−27
−24
−85
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Others
Revenue, ₹ crore
20
57
33
16
34
19
23
19
25
27
39
20
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Profit, ₹ crore
3
10
16
3
15
0
5
3
14
11
18
9
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26

₹ crore	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue of all businesses	2,080	2,088	2,110	2,021	1,917	1,899	2,055	1,601	1,968	1,996	2,208	2,238
Company revenue, as in its results	2,080	2,088	2,110	2,021	1,917	1,899	2,055	1,601	1,968	1,996	2,208	2,238
Revenue	1,208	1,139	1,287	–	1,047	1,178	1,371	1,005	1,162	1,235	1,497	1,569
Revenue growth	−17.4%	−31.6%	−17.4%	–	−13.3%	3.4%	6.5%	–	11.0%	4.8%	9.2%	56.1%
Profit	190	90	118	–	83	182	250	136	158	156	463	425
Profit growth	−20.2%	−75.7%	−74.7%	–	−56.3%	102.2%	111.9%	–	90.4%	−14.3%	85.2%	212.5%
Margin	15.7%	7.9%	9.2%	–	7.9%	15.4%	18.2%	13.5%	13.6%	12.6%	30.9%	27.1%
Assets	2,543	2,615	2,626	–	2,687	2,707	2,824	2,876	2,785	2,803	2,791	3,096
Liabilities	612	611	510	–	490	472	666	603	566	653	598	591
Capital employed	1,931	2,004	2,116	–	2,197	2,235	2,158	2,273	2,219	2,150	2,193	2,505
Revenue	852	892	790	701	836	702	661	577	781	734	672	649
Revenue growth	−22.8%	−9.6%	14.2%	34.8%	−1.9%	−21.3%	−16.3%	−17.7%	−6.6%	4.6%	1.7%	12.5%
Profit	−67	−55	−26	−30	−52	−35	−49	−100	−35	−27	−24	−85
Margin	−7.9%	−6.2%	−3.3%	−4.3%	−6.2%	−5.0%	−7.4%	−17.3%	−4.5%	−3.7%	−3.6%	−13.1%
Assets	1,456	1,722	1,897	1,996	1,809	1,694	1,892	1,905	1,862	1,915	2,147	2,342
Liabilities	1,305	1,310	1,289	1,279	1,305	1,195	1,146	1,142	1,078	1,075	1,119	1,143
Capital employed	151	412	608	717	504	499	746	763	784	840	1,028	1,199
Revenue	20	57	33	16	34	19	23	19	25	27	39	20
Revenue growth	–	–	–	−60.0%	–	−66.7%	−30.3%	–	−26.5%	42.1%	69.6%	5.3%
Profit	3	10	16	3	15	0	5	3	14	11	18	9
Profit growth	–	–	–	−81.3%	–	−100.0%	−68.8%	–	−6.7%	–	260.0%	200.0%
Margin	15.0%	17.5%	48.5%	18.8%	44.1%	0.0%	21.7%	15.8%	56.0%	40.7%	46.2%	45.0%
Assets	233	198	203	250	211	219	152	166	175	167	150	176
Liabilities	202	149	169	199	155	167	106	132	136	133	115	144
Capital employed	31	49	34	51	56	52	46	34	39	34	35	32
Revenue	–	–	–	1,304	–	–	–	–	–	–	–	–
Profit	–	–	–	136	–	–	–	–	–	–	–	–
Margin	–	–	–	10.4%	–	–	–	–	–	–	–	–
Assets	–	–	–	2,550	–	–	–	–	–	–	–	–
Liabilities	–	–	–	494	–	–	–	–	–	–	–	–
Capital employed	–	–	–	2,056	–	–	–	–	–	–	–	–

Profit is before tax and finance costs, the way companies report their segments.

Q1 results, quarter to Jun 2026

From revenue to net profit, ₹ crore

Gujarat Narmada Valley Fertilizers and Chemicals results by quarter

Revenue and net profit by quarter, ₹ crore

Operating and net margin by quarter, per cent

Segment results by quarter

Chemicals

Fertilizers

Others