Gujarat State Fertilizers & Chemicals Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 07, 2023 at 07:46 am EST
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Gujarat State Fertilizers & Chemicals Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 31,187.2 million compared to INR 24,876.8 million a year ago. Revenue was INR 33,132.5 million compared to INR 25,601.6 million a year ago. Net income was INR 3,089.1 million compared to INR 2,852.7 million a year ago. Basic earnings per share from continuing operations was INR 7.75 compared to INR 7.16 a year ago. Diluted earnings per share from continuing operations was INR 7.75 compared to INR 7.16 a year ago.
For the six months, sales was INR 51,816.4 million compared to INR 55,058.3 million a year ago. Revenue was INR 54,250.7 million compared to INR 56,088.3 million a year ago. Net income was INR 4,213.7 million compared to INR 6,310.8 million a year ago. Basic earnings per share from continuing operations was INR 10.57 compared to INR 15.84 a year ago. Diluted earnings per share from continuing operations was INR 10.57 compared to INR 15.84 a year ago.
Gujarat State Fertilizers & Chemicals Limited is an India-based company engaged in the production of fertilizers and chemicals. The Company operates through two segments: Fertilizer Products and Industrial Products. The Fertilizer Products segment consists of urea, ammonium sulphate, di-ammonium phosphate, ammonium phosphate sulphate, NPK (12:32:16), (10:26:26), traded fertilizer products, and others. The Industrial Products segment includes caprolactam, nylon-6, nylon chips, melamine, methanol, traded industrial products, and others. Its product categories include fertilizers, industrial products: major, industrial products: other, water-soluble fertilizers, sulfur-based products, plant tissue culture, micronutrients, plant growth promoters, soil conditioners, organic products, and seeds. The Companyâs agro services include Agrinet Call Center, Farm Youth Training Program, Crop Demonstrations, Krishi Jivan, Horticulture Department, and Soil Testing Laboratory.