Unprecedented financial results for FY 17-18 in 42 years history of GNFC

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  1. Highest Ever PBT of Rs. 1,162 crore: (63% higher than the previous highest of Rs. 715 crore registered during the previous financial year.)
  2. Highest Ever PAT of Rs. 790 crore: (51% higher than the previous highest of Rs. 521 crore registered during the previous financial year.)
  3. Highest Ever EBITDA of Rs. 1,532 crore: (31% higher than the previous highest of Rs. 1,170 crore registered during the previous financial year.)
  4. Highest Ever Turnover of Rs. 6,058 crore: (17% higher than the Rs. 5,170 crore registered during the previous financial year.)
  5. Highest Ever EPS of Rs. 50.80: (51% higher than the previous highest of Rs. 33.54 registered during the previous financial year.)
  6. Highest Ever Dividend of 75%.
  7. Highest Ever Exports of Rs. 629 crore: (74% higher than the Rs. 361 registered during the previous financial year.)
  8. Highest ever prepayment of Long Term Debt of Rs. 534 crore.
  9. Highest ever Long Term Debt extinction of Rs. 888 crore. Long term debt level reduced by 100% from 2,180 crore in 2013-14 to Rs. Nil as of date. Rs. 1,436 crore of total debt paid off in one single year.
  10. GNFC is now a Long Term Debt Free company.
  11. It is very significant to note that the PBT of Rs. 1,162 crores recorded by GNFC is the HIGHEST EVER yearly PBT recorded by any Government of Gujarat Company on standalone basis.

 

ParticularsQ417-18Q4 16-17% GrowthFY17-18FY 16-17% Growth
Revenue from Operations1,7641,31434%5,9174,94520%
EBITDA52241725%1,5321,17031%
EBITDA Margin30%32% 26%24% 
Profit Before Tax44131441%1,16271563%
Profit After Tax32923838%79052151%
EPS (in Rs.)21.1715.3438%50.8033.5451%

 

Elaborating on the results, Dr. Rajiv Kumar Gupta, IAS, Managing Director mentioned that this performance of GNFC is the best ever in its 42 years history. He further added that with improved financial performance, long term debt has been fully paid off as of that by making the prepayment of Rs. 534crore. These measures reduced the finance cost of the company by 51% Y-o-Y. The growth in revenue and profits are significantly led by non-TDI chemicals, both in terms of revenue and profits. Most of the plants performed well. For TDI the combined capacity utilisation stood at 93% during the year as against 73% last year. Also during the year Aniline, Ethyl Acetate, Formic Acid and Technical Grade Urea have also recorded highest production. The realisation in Acetic Acid, Formic Acid and Ethyl Acetate were the highest in the last 6 years.