The company's Q4 total income, however, dipped by 3.4 per cent to Rs 1,410.30 crore in FY17 as against Rs 1,460.25 crore in FY16. On an annual basis, GNFC saw its net profit rise by 201.88 per cent to Rs 521.30 crore in financial year 2016-17, from Rs 172.68 crore in financial year 2015-16. The annual total income of GNFC, however, grew marginally by 1.4 per cent to Rs 5,169.67 crore in FY17, from Rs 5,098.22 crore the previous year.
According to Rajiv Kumar Gupta, Managing Director, GNFC, the company had not only seen the highest-ever quarterly profit before tax of Rs 715.05 crore but also highest ever exports and term debt repayments.
In financial year 2016-17, GNFC initiated action for setting up 2,00,000 MTPA di-calcium phosphate (DCP) project in a joint venture with Ecophos SA, Belgium. Going forward, the company is expected to gain further in fiscal 2017-18, if the Centre imposes anti-dumping duty on toluene di-isocyanate (TDI) which would restrict imports from China, Korea and Japan, making GNFC the largest TDI player.
To read the full story, Subscribe Now at just Rs 249 a month
Already a subscriber? Log in
Subscribe To BS Premium
₹249
Renews automatically
₹1699₹1999
Opt for auto renewal and save Rs. 300 Renews automatically
₹1999
What you get on BS Premium?
-
Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
-
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
Need More Information - write to us at assist@bsmail.in