GNFC posts Q4 net triples to Rs 238 cr despite small dip in income

Annual profit also triples to Rs 521 cr; firm readies to set up 200,000 tonne DCP plant

Bharuch-based leading fertiliser and chemical company, Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC) has posted a 227 per cent in its net profit for the fourth quarter ended March 31, 2017. As against a net profit of Rs 72.76 crore in Q4 of previous fiscal 2015-16, GNFC posted a profit of Rs 238.42 crore in Q4 of fiscal 2016-17.

The company's Q4 total income, however, dipped by 3.4 per cent to Rs 1,410.30 crore in FY17 as against Rs 1,460.25 crore in FY16. On an annual basis, GNFC saw its net profit rise by 201.88 per cent to Rs 521.30