Gujarat Narmada Valley Fertilizers & Chemicals Ltd. · NSE:GNFC
Gujarat Narmada Valley Fertilizers & Chemicals — Q2 FY2025-26 Earnings Presentation
17 slides from Gujarat Narmada Valley Fertilizers & Chemicals's earnings presentation, Nov 12, 2025
Slide 1: Exchange filing cover letter for investor presentation
NO. SEC/BD/SE/ November 12, 2025 Dy. General Manager The Manager BSE Limited Listing Department Corporate Relationship Dept., National Stock Exchange of India Limited 1 st Floor, New Trading Ring, Exchange Plaza, Rotunda Bldg., C-1, Block - “G”, PJ Towers, Dalal Street, Fort, Bandra-Kurla Complex, B
Slide 2: Investor Presentation – Conference Call – Q2 FY 25-26
Gujarat Narmada Valley Fertilizers & Chemicals Ltd INVESTOR PRESENTATION – CONFERENCE CALL – Q2 FY 25-26 November - 2025
Slide 3: Cautionary Note - Forward Looking Statement
Cautionary Note - Forward Looking Statement Only matters in the public domain can be subject matter of discussion in this meeting. As a matter of policy, we do not provide any forecast about the future business situation. We do not comment or give guidance on future results or business outlook
Slide 4: Uniqueness
Uniqueness Never lost a single man-day on account of labour discord Absorbed state-of-the art complex technologies from leading technology providers across the globe Only company in India to produce Oil based Ammonia Largest producer of Formic Acid in India. One of the top producers of Aniline, AN M
Slide 5: Key Business Updates
Key Business Updates Fertilizers: GoI has announced revised rates effective 01st October for Rabi season under Nutrient Based Subsidy whereby company’s product – Ammonium Nitro Phosphate has witnessed revision in subsidy by ~₹872/PMT. It is expected to augur well. Revision for energy is yet to b
Slide 6: From The Desk of Managing Director
From The Desk of Managing Director Commenting on the results, Dr. T. Natarajan, Managing Director stated that it gives me pleasure in sharing encouraging results for Q 2 FY 25-26. Dr. T. Natarajan Managing Director While due to annual turnaround during Q-1 FY 25-26, the numbers are not comparable fo
Slide 7: Financial Performance
Financial Performance (₹ Crores) FY FY FY FY 25-26 Particulars 24-25 25-26 24-25 There was annual planned maintenance shutdown at Bharuch plants, Urea Q2 Q1 Q2 H1 production loss due to ammonia plant shutdown and Dahej plant shutdown Operating Revenue 1,968 1,601 1,917 3,569 3,938 during H1 FY 25-26
Slide 8: Segment Performance
Segment Performance (₹ Crores) (₹ Crores) Segment Revenue Segment Result 25 34 14 19 3 2,000 200 15 1,500 1,162 1,047 100 158 1,005 136 83 1,000 - (35) (52) 500 781 836 (100) 577 - (100) Q2 Q1 Q2 Q2 Q1 Q2 25-26 25-26 24-25 25-26 25-26 24-25 Fertilizers Chemicals Others Fertilizers Chemicals Others Q
Slide 9: Segment Performance
Segment Performance (₹ Crores) (₹ Crores) Segment Revenue Segment Result 50 44 4,000 450 17 18 3,000 2,351 300 2,167 294 233 2,000 150 1,000 1,358 1,537 - (135) (96) - (150) H1 H1 H1 H1 25-26 24-25 25-26 24-25 Fertilizers Chemicals Others Fertilizers Chemicals Others H-1 Vs H-1: Fertilizer segment l
Slide 10: Balance Sheet Summary
Balance Sheet Summary (₹ Crores) Particulars 30-09-25 31-03-25 Variance Net Fixed Assets * 2,981 3,093 (4%) CWIP 754 382 97% Investments 2,240 2,181 3% • CWIP represents mainly coal based Cash & Bank balance/deposits 836 2,308 (64%) steam & power plant, WNA-III plant, Coal Other Assets 3,923 2,916 3
Slide 11: Cash Flow Summary
Cash Flow Summary (₹ Crores) H1 H1 Particulars Variance • Outflow from investing FY 25-26 FY 24-25 activity represents A Operating Cash Flow before Working Capital changes 322 292 10% mainly capital outlay, Net Change in Working Capital 98 129 (24%) investment of surplus Taxes Paid (106) (110) 4% pa
Slide 12: Feedstock Spreads: Toluene and TDI
Feedstock Spreads Toluene TDI Price (₹ ‘000/MT) Highest Lowest 184 182 181 155 162 95 102 108 81 92 89 80 73 73 70 Q2 FY 24-25 Q3 FY 24-25 Q4 FY 24-25 Q1 FY 25-26 Q2 FY 25-26 Source: Company GNFC I Investor Presentation I Q2 FY 25-26 11 of 16
Slide 13: Feedstock Spreads: Methanol and Acetic Acid
Feedstock Spreads Methanol Acetic Acid Price (₹ ‘000/MT) Highest Lowest 39 40 37 34 38 10 12 7 12 9 28 30 28 28 25 # Q2 FY 24-25 Q3 FY 24-25 Q4 FY 24-25 Q1 FY 25-26 Q2 FY 25-26 #Methanol cost represents the weighted average cost of the Bought Out Methanol and captively produced further adjusted by t
Slide 14: Feedstock Spreads: Benzene and Aniline
Feedstock Spreads Benzene Aniline Price (₹ ‘000/MT) Highest Lowest 145 131 128 110 103 55 50 51 43 41 90 81 77 67 62 Q2 FY 24-25 Q3 FY 24-25 Q4 FY 24-25 Q1 FY 25-26 Q2 FY 25-26 Source: Company GNFC I Investor Presentation I Q2 FY 25-26 13 of 16
Slide 15: Trends In Key Energy Inputs
Trends In Key Energy Inputs Oil (Rs. / MT) N (Gas) Rs. / '000 SM3 Imported Coal (Rs. / MT) ( ₹ ‘000 ) 54 52 51 47 47 1% 47 13% 41 36 33 33 11 12 12 11 11 (1%) Q2 FY 24-25 Q3 FY 24-25 Q4 FY 24-25 Q1 FY 25-26 Q2 FY 25-26 Source: Company % Represent Q-o-Q Changes N (Gas) : Considered Non Urea GNFC I In
Slide 16: Expansion Plan
Expansion Plan Financial Year Wise Current Schedule PROJECTS Capacity 25-26 26-27 27-28 28-29 UNDER EXECUTION : 1. Coal Based Steam & Power Plant (CCPP) – 150 MT/Hr Steam & Dahej 18 MW Power 2. Ammonia Expansion – Bharuch 50 KTPA 3. Weak Nitric Acid –III – Bharuch 200 KTPA 4. Ammonium Nitrate -II –B
Slide 17: For Further Information Please Contact
Cautionary Note - Forward Looking Statement For Further Information Please Contact: Investor relation cell at: Email: investor@gnfc.in
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