Gujarat Narmada Valley Fertilizers and Chemicals Limited — Q1FY27 earnings call summary

Filed 12 August 2026 · Official transcript

Capex of INR300 Cr in Q1; full year target INR1,200-1,500 Cr; total projects INR2,800 Cr plus INR1,500 Cr next 2 years
TGU production and profitability significant; expected to sustain FY27 levels
Q1 FY27 profits second highest in company history after Q1 FY22
TDI, ethyl acetate, acetic acid plants down in Q1 due to cost; resumed operations in August
Kearney consulting ongoing for margin improvement; potential savings INR250-300 Cr by Q2
Energy norms for urea revised to 6.37 Gcal/MT valid for 3 years from FY25-26
Coal-based steam started at Dahej, saving INR30,000-40,000 per MT of TDI currently
Production: Ammonia 173k MT (54% oil, 49% gas), TDI 12.8k MT, WNA 113k MT, CNA 37.5k MT, AN Melt 55.6k MT, TGU 74.8k MT