Gujarat Narmada Valley Fertilizers & Chemicals Ltd. · NSE:GNFC
Gujarat Narmada Valley Fertilizers & Chemicals — Q2 FY2024-25 Earnings Presentation
18 slides from Gujarat Narmada Valley Fertilizers & Chemicals's earnings presentation, Nov 13, 2024
Slide 1: Regulation 30 cover letter to stock exchanges
NO. SEC/BD/SE/ November 13, 2024 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 24-25
Gujarat Narmada Valley Fertilizers & Chemicals Ltd INVESTOR PRESENTATION – CONFERENCE CALL – Q2 FY 24-25 November - 2024
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 » Energy norms in urea are higher than prescribed 6.20 Gcal/PMT in view of coal consumption. Representations have been done for considering special dispensation for coal using units in respect of energy norms w.e.f. 1st April 2025. » GoI is actively working on fixed cost revisio
Slide 6: From The Desk of Managing Director
From The Desk of Managing Director Shri Pankaj Joshi Managing Director During the Q-2, there has been mixed sales pattern i.e. fertilizer sales improved whereas chemicals sales was to be held back mainly due to annual turn around at TDI Dahej plant. Chemicals in general has been facing realisation p
Slide 7: Financial Performance
Financial Performance (₹ Crores) FY FY FY FY 24-25 Change Particulars 23-24 24-25 23-24 During H-1 FY 24-25 revenue is higher as Q2 Q1 Q2 H1 Y-o-Y compared to H-1 FY 23-24 mainly due to higher volume in most of the products at Bharuch plants, since there was annual planned Operating Revenue 1,917 2,
Slide 8: Segment Performance
Segment Performance (₹ Crores) (₹ Crores) Segment Revenue Segment Result 20 3 3 2,500 34 16 200 15 2,000 150 100 190 1,500 1,047 1,304 1,208 150 50 83 1,000 - (67) 500 836 701 852 (50) (52) (44) - (100) Q2 Q1 Q2 Q2 Q1 Q2 24-25 24-25 23-24 24-25 24-25 23-24 Fertilizers Chemicals Others Fertilizers Ch
Slide 9: Segment Performance
Segment Performance (₹ Crores) (₹ Crores) Segment Revenue Segment Result 50 60 19 18 4,000 350 250 3,000 2,351 2,300 307 150 233 2,000 50 1,000 1,537 1,372 (50) (96) (136) - (150) H1 H1 H1 H1 24-25 23-24 24-25 23-24 Fertilizers Chemicals Others Fertilizers Chemicals Others H-1 Vs H-1: On a YTD basis
Slide 10: Balance Sheet Summary
Balance Sheet Summary (₹ Crores) Particulars 30-09-24 31-03-24 Variance • CWIP represents mainly coal based Net Fixed Assets 3,214 3,238 (1%) power plant under construction and CWIP 266 289 (8%) urea reactor under replacement. Investments 2,674 2,919 (8%) Cash Equivalent / Bank Deposits 1,828 1,457
Slide 11: Cash Flow Summary
Cash Flow Summary (₹ Crores) H1 H1 Particulars Variance • Outflow from investing FY 24-25 FY 23-24 activity represents A Operating Cash Flow before Working Capital changes 292 314 (7%) mainly capital outlay, Net Change in Working Capital 129 347 (63%) investment of surplus Taxes Paid (110) (194) 43%
Slide 12: Feedstock Spreads
Feedstock Spreads Price (₹ ‘000/MT) Toluene TDI Lowest Highest 181 174 184 174 173 109% 87% 102% 106% 114% 87 93 86 89 81 SEP-23 DEC-23 MAR-24 JUN-24 SEP-24 Source: Company GNFC I Investor Presentation I Q2 FY 24-25 11 of 17
Slide 13: Feedstock Spreads
Feedstock Spreads Price (₹ ‘000/MT) Methanol Acetic Acid Highest Lowest 44 43 39 43 38 68% 64% 44% 48% 84% 26 27 27 # 25 # 23 SEP-23 DEC-23 MAR-24 JUN-24 SEP-24 #Methanol cost represents the weighted average cost of the Bought Out Methanol and captively produced further adjusted by the combined posi
Slide 14: Feedstock Spreads
Feedstock Spreads Price (₹ ‘000/MT) Benzene Aniline Lowest Highest 148 145 129 135 127 63% 60% 59% 68% 76% 81 80 91 90 72 SEP-23 DEC-23 MAR-24 JUN-24 SEP-24 Source: Company GNFC I Investor Presentation I Q2 FY 24-25 13 of 17
Slide 15: Trends In Key Energy Inputs
Trends In Key Energy Inputs ( ₹ ‘000 ) Oil (Rs. / MT) N (Gas) Rs. / '000 SM3 Imported Coal (Rs. / MT) 87 66 YoY 53 12% 48 40 40 33 (18%) 30 24 13 11 11 11 (2%) 6 7 Sep-20 Sep-21 Sep-22 Sep-23 Sep-24 Source: Company % Represent Y-o-Y Changes N (Gas) : Considered Non Urea GNFC I Investor Presentation
Slide 16: Expansion Plan
Expansion Plan Timeline FY 24-25 FY 25-26 FY 26-27 FY 27-28 PROJECTS UNDER EXECUTION 150 Mt/Hr Steam & 18 1) Coal Based Steam & Power Plant, TDI-II Dahej (CCPP) MW Power 2) Ammonia Expansion 50 KTPA 3) Weak Nitric Acid (WNA-III) 200 KTPA PROJECTS UNDER CONSIDERATION 1) Ammonium Nitrate (AN-II) 163 K
Slide 17: Conference Call Details
Conference Call Details Earning Conference Call Q2 FY2024-25 Time: Thursday, 14 November, 2024 at 16:00 hrs. Dial-In Numbers: Primary Access +91 22 6280 1328 / +91 22 7115 8255 Diamond Pass Registration Link: https://services.choruscall.in/DiamondPassRegistration/register?confirmationNumber=5092526&
Slide 18: Cautionary Note - 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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