Gujarat Narmada Valley Fertilizers and Chemicals Limited — Q2FY27 earnings call summary

Filed 06 November 2026 · Official transcript

Capex projects largely on schedule with minor delays; focus on cost optimization amid uncertain environment
Fertilizer segment saw volume growth and improved energy norms; Chemicals segment faced margin pressure due to price erosion in products like TGU, AN Melt, and Weak Nitric Acid
No comment on Q3 pricing or forward guidance due to price sensitivity
Pricing for Q2 average: TDI ~INR 285,000/MT, Aniline ~INR 180,000/MT, Acetic Acid ~INR 73,000/MT, Weak Nitric Acid ~INR 28,500/MT (100% basis)
Q2 FY27 earnings call discussed amid volatile energy prices and geopolitical uncertainty
Captive coal-based plant operational since July, providing steam benefits; power benefit pending due to grid power cost
One-time impacts in Q2 include INR 33 crore wage settlement provision and INR 75 crore net one-time charges affecting margins
Cash and bank balance including deposits approx INR 3,900 crore as of September end