Quarterly result: GSFC Ltd
Bhagyashree Vivarekar / 24 Jan 2017
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GSFC Ltd., has posted its Q3FY17 standalone numbers on January 23, after market hours. The company's revenue has depleted 29.8% qoq to Rs 1150 cr; and its revenue derived from the fertiliser products segment has been eroded by 39.7%, and stands at Rs 717 cr.
GSFC Ltd., has posted its Q3FY17 standalone numbers on January 23, after market hours. The company's revenue has depleted 29.8% qoq to Rs 1150 cr; and its revenue derived from the fertiliser products segment has been eroded by 39.7%, and stands at Rs 717 cr.
The YoY EBITDA stands at Rs 78 cr, registering a drop of 60.2%; and EBITDA margins have shrunken by 520 bps qoq, standing at 6.8%, being driven by inefficiencies of scale.
GSFC's net profit too has depleted 51.2% yoy, standing at Rs 61 cr, attributed to 35% yoy drop in the other income to Rs 13 cr.
Gujarat State Fertilisers & Chemicals Ltd., on Monday closed at Rs 115.15, being down by 1.05 points or 0.9% from its earlier closing of Rs 116.2 on the BSE. The scrip touched a high and low of Rs 118.3 and Rs 112.2 respectively, after opening at Rs 116.7 on Monday.
Gujarat State Fertiliser & Chemical (GSFC) Ltd., is an India based company with business interest in fertilisers and industrial products. The company manufactures and offers more than 24 brands of fertilisers to petrochemicals, chemicals, industrial gases, plastics, fibres, bio fuel, pesticides and many others.
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