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

Apr 24th, 2018 6:31 am | By | Category: LATEST NEWS

Dr. Rajiv Kumar Gupta, IAS (MD) GNFC Ltd.

Dr. Rajiv Kumar Gupta, IAS (MD) GNFC Ltd.


(THE NEWSMAN OF INDIA.COM)
Marching ahead with better than the best performance GNFC again creates history in the financial results for FY 17-18 in 42 years history of GNFC.

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.)

GNFC
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.
10. GNFC is now 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.
Fulfilling Prime Minister’s vision of 100% Neem Coating of Urea, GNFC has expended Neem project to Rajasthan, MP, Maharastra, Karnataka & UP.

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