GNFC Q4 PAT rises 29%; recommends dividend of Rs 8 per share

For FY21, income from operations dropped marginally to Rs 5,128.69 crore from Rs 5,162.42 crore a 12 months in the past.

Gujarat Narmada Valley Fertilizers and Chemical compounds (GNFC) has reported a 29.37% improve in its web revenue at Rs 308.03 crore for the quarter ending March 31 in comparison with the identical interval of the earlier monetary 12 months.

The corporate’s PAT stood at Rs 238.77 crore in the course of the corresponding quarter of 2019-20. Income from operations elevated by 29.9% in the course of the quarter below overview to Rs 1,733.03 crore in comparison with Rs 1,342.47 crore in the identical interval of the earlier monetary 12 months.

For FY21, income from operations dropped marginally to Rs 5,128.69 crore from Rs 5,162.42 crore a 12 months in the past. The corporate’s PAT rose by 38.14% throughout FY21 to Rs 689.21 crore in comparison with Rs 498.90 crore within the earlier monetary 12 months.

The board of administrators beneficial a highest-ever dividend of Rs 8 per fairness share of Rs 10 every for the 12 months ended March 31, 2021, topic to the approval of shareholders within the ensuing annual normal assembly.