GNFC Q4FY26 PAT up 35% to ₹797 Crore, Dividend of ₹21 Per Share Declared
GNFC's Q4 FY26 PAT increased 35% to ₹797 crore, with PBT at ₹1,065 crore. The Board declared a dividend of ₹21 per share. One-time items were ₹30 crore for Q4 and ₹80 crore for the full year. The IT division's profit doubled to ₹35 crore. Coal-based CCPP commissioning is expected in August 2026, with a planned shutdown in April 2027.
The strong financial results and dividend announcement are likely to have a positive impact on investor confidence and the company's stock performance.
The announcement highlights strong financial performance with increased PAT and revenue, along with a substantial dividend declaration, indicating a positive outlook.
Gujarat Narmada Valley Fertilizers and Chemicals Limited (GNFC) held an Investors/Analysts meet through Conference Call on May 19, 2026, to discuss Q4 FY26 earnings. The company completed 50 stable years on 10 May 2026, remaining profitable except for FY14-15. During Q4 FY26, GNFC supported the country by addressing the diesel exhaust fuel issue and higher ammonium nitrate requirements amidst war-related logistics disruptions. Chemical volumes performed better, while urea production was impacted by the war, compensated by technical grade urea.
Chemical volumes saw impacts in acetic acid due to internal issues and methanol due to high gas prices. Acetic acid prices tapered down, while methanol prices increased. Despite competitive headwinds in aniline TDI, the company performed well. Revenue improved by 11% sequentially and 7% Y-o-Y. PAT increased by 35% to ₹797 crore, with a PBT of ₹1,065 crore, driven by better chemical realizations and benign raw material prices. One-time items amounted to ₹30 crore in Q4 and ₹80 crore for the full year. The Board declared a dividend of 210%, or ₹21 per share, the second-highest in its history. New project identifications are expected by the end of the calendar year.
The IT division saw a 20% revenue increase and doubled its profit from ₹17 crore to ₹35 crore. GNFC is in discussions with INEOS for licensing additional capacity instead of a JV. The coal-based CCPP commissioning is expected in the third week of August 2026. The company expects significant savings once the CCPP is operational. There is no update on fixed cost revision for urea and energy consumption norms. The company plans a shutdown in April 2027.
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Gujarat Narmada Valley Fertilizers and Chemicals Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Gujarat Narmada Valley Fertilizers and Chemicals Limited. Read the original for the full detail.