The fertilizer sales volume grew by 10 % in H1FY21 as compared to H1FY20, whereas the Profit Before Tax grew from Rs63cr to Rs216cr.
The Gujarat State Fertilisers and Chemicals Limited has posted a net profit of Rs171cr in the second quarter ended September 30 as compared to Rs56cr in the corresponding quarter in the previous year, a rise of 205%.
The fertilizer sales volume grew by 10 % in H1FY21 as compared to H1FY20, whereas the Profit Before Tax grew from Rs63cr to Rs216cr. There was a substantial improvement in the EPS as it grew from Rs1.40/share to Rs4.29/share as compared to the same quarter last year.
GSFC stopped purchasing finished fertilizers, except Urea (imported by Gol) and MoP (where there is no option but to import). Reduction in raw materials consumption expenditure, despite an increase in sales by 10% in volume in H1 Vs H1 and lower price of natural gas and more efficient management of resources have also played a major part in GSFC’s financial results.
