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Gujarat State Fertilizers reports 41% fall in Q3 net profit

24 Jan 2017 Evaluate

Gujarat State Fertilizers & Chemicals has reported results for third quarter ended December 31, 2016.  

The company has reported 40.99% fall in its net profit at Rs 61.17 crore for the quarter under review as compared to Rs 103.66 crore for the same quarter in the previous year. Total income of the company decreased by 29.79% at Rs 1163.65 crore for the quarter under review as compared to Rs 1657.48 crore for the corresponding quarter 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 etc.

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