GNFC's Q4 net profit in 2017-18 grew by 37.81 per cent to stand at Rs 3.28 billion, as against Rs 2.38 billion in Q4 of 2016-17, while total income in the same period grew by 28.72 per cent to close at Rs 18.15 billion, as against Rs 14.10 billion. For the entire fiscal 2017-18, while GNFC's net profit grew by 50.37 per cent at Rs 7.94 billion, up from Rs 5.28 billion, its total income increased by 17.19 per cent to close at Rs 60.58 billion from Rs 51.69 billion.
"From liabilities worth Rs 70 billion in 2013-14, we have come down to zero long term debt. We also changed our marketing strategy. We started exploring export markets and hence, from a 15 years average exports of Rs 34 crore, this year the company registered Rs 629 crore worth of exports to 66 countries. This improved our realisation," said Gupta.
According to GNFC, the growth in revenue and profits are significantly led by non-TDI chemicals, both in terms of revenue and profits. Roughly, 65 per cent of GNFC's revenue comes from chemicals, while 35 per cent comes from fertilizers.