Gujarat State Fertilizers soars on reporting 22% surge in Q1 net profit

Gujarat State Fertilizers & Chemicals (GSFC) is currently trading at Rs. 369.70, up by 11.05 points or 3.08% from its previous closing of Rs. 358.65 on the BSE.

The scrip opened at Rs. 361.55 and has touched a high and low of Rs. 372.00 and Rs. 360.30 respectively. So far 21444 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 503.95 on 14-Nov-2011 and a 52 week low of Rs. 322.00 on 30-Dec-2011.

Last one week high and low of the scrip stood at Rs. 372.00 and Rs. 341.00 respectively. The current market cap of the company is Rs. 2949.13 crore.

The promoters holding in the company stood at 37.84% while Institutions and Non-Institutions held 39.19% and 22.96% respectively. 

Gujarat State Fertilizers & Chemicals (GSFC) has reported results for first quarter ended June 30, 2012.

The company has reported a growth of 21.56% in its net profit at Rs 172.71 crore for the quarter under review as compared to Rs 142.08 crore for the same quarter in the previous year. The total income from operation of the company has increased by 16.91% at Rs 1411.84 crore for Q1FY13 as compared Rs 1207.68 crore for the corresponding quarter previous year.

GSFC is a leading manufacturer of quality products of Chemical Fertilizers and Industrial Products.