Gujarat Narmada Valley Fertilizers & Chemicals Ltd
Gujarat Narmada Valley Fertilizers & Chemicals Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Volume Growth: - Expected volume increase in TDI due to improved plant reliability and efforts to exceed 50,000 tonnes capacity. Volume growth expected in key products like TDI due to improved reliability and capacity utilization post current hiccups. - From 2027 onwards, volume increase anticipated in weak nitric acid and ammonium nitrate melt with cost advantages improving profitability. - Price recovery in TDI and acetic acid since January 2026 aligned with global price movements, benefiting margins. - CAPEX-driven expansions (ammonia, ammonium nitrate melt, weak nitric acid) and operational transformation exercises expected to enhance earnings. - Anti-dumping duties on TDI extended, supporting domestic price realizations. - Cost savings from initiatives with A.T.
From Gujarat Narmada Valley Fertilizers & Chemicals Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Volume Growth:
- Expected volume increase in TDI due to improved plant reliability and efforts to exceed 50,000 tonnes capacity.
- From 2027 onwards, volume growth planned for weak nitric acid and ammonium nitrate melt.
- Capacity Expansion:
- New capacity-building CAPEX underway including ammonia make-up loop (50,000 tonnes per annum increase).
- Additional projects like fifth coal-fired boiler and capacity enhancements to aid production and cost-efficiency.
- Pricing Trends:
- Positive price movement observed since January 2026 for key products TDI and acetic acid, aligned with global prices.
- Profitability:
2 more points management made on revenue & sales performance
Profitability & Margins
See what Gujarat Narmada Valley Fertilizers & Chemicals Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Rs. 2,800 crores total CAPEX underway across four projects; Rs. 1,000 crores spent till December 2025.
- Key ongoing CAPEX projects include:
- Capacity building for the fifth coal-fired boiler at Bharuch (~Rs. 480-500 crores) improving reliability and efficiency (~83% vs 71-75% current).
- Additional ammonia capacity via ammonia make-up loop (~50,000 tonnes per annum).
- Expansion of ammonium nitrate melt and weak nitric acid plants, with weak nitric acid capacity expected by June 2027.
- Coal-based boiler installation replacing current pulverized boilers to save power costs and enhance reliability.
2 more points management made on capital expenditure plans
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Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Gujarat Narmada Valley Fertilizers & Chemicals Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
Gujarat Narmada Valley Fertilizers & Chemicals Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹2.2K Cr, net profit ₹396 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Gujarat Narmada Valley Fertilizers & Chemicals Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Gujarat Narmada Valley Fertilizers & Chemicals Ltd Q3 FY26 results?
Volume Growth: - Expected volume increase in TDI due to improved plant reliability and efforts to exceed 50,000 tonnes capacity. Volume growth expected in key products like TDI due to improved reliability and capacity utilization post current hiccups. - From 2027 onwards, volume increase anticipated in weak nitric acid and ammonium nitrate melt with cost advantages improving profitability. - Price recovery in TDI and acetic acid since January 2026 aligned with global price movements, benefiting margins. - CAPEX-driven expansions (ammonia, ammonium nitrate melt, weak nitric acid) and operational transformation exercises expected to enhance earnings. - Anti-dumping duties on TDI extended, supporting domestic price realizations. - Cost savings from initiatives with A.T.
What is Gujarat Narmada Valley Fertilizers & Chemicals Ltd share price analysis?
Gujarat Narmada Valley Fertilizers & Chemicals Ltd currently shows a neutral. The stock trades at a P/E of 7.6 with a market cap of ₹7,910 Cr. Investors should review the full earnings analysis for detailed insights.
Is Gujarat Narmada Valley Fertilizers & Chemicals Ltd planning capital expenditure?
Rs.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.