GSFC declines on reporting 54% fall in Q1 net profit

29 Jul 2016

Gujarat State Fertilizers & Chemicals is currently trading at Rs 69.95, down by 3.60 points or 4.89% from its previous closing of Rs 73.55 on the BSE.

The scrip opened at Rs 71.10 and has touched a high and low of Rs 71.45 and Rs 69.20 respectively. So far 405840 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs 86.70 on 04-Jan-2016 and a 52 week low of Rs 57.65 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs 75.65 and Rs 69.20 respectively. The current market cap of the company is Rs 2789.34 crore.

The promoters holding in the company stood at 37.84%, while Institutions and Non-Institutions held 34.26% and 27.90% respectively.

Gujarat State Fertilizers & Chemicals (GSFC) has reported a fall of 54.13% in its net profit at Rs 46.30 crore for the quarter ended June 30, 2016 as compared to Rs 100.94 crore for the same quarter in the previous year. Total income of the company decreased by 5.29% to Rs 1091.80 crore for the quarter under review, from Rs 1152.82 crore for the corresponding quarter of the previous year.

The company is a leading manufacturer of quality products of Chemical Fertilizers and Industrial Products. The company’s manufacturing units is located at Kosamba, Sikka and Nandesari. It has marketing network spread across India in states like Andhra Pradesh, Chhattisgarh, Gujarat, Haryana, Karnataka, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Daman and Uttar Pradesh.

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