Gujarat State Fertilizers Q4 Review - Robust Growth Due To Rise In Other Income: Anand Rathi

A bulldozer collects potash fertiliser. (Photographer: Ariel Jerozolimski/Bloomberg).

Gujarat State Fertilizers Q4 Review - Robust Growth Due To Rise In Other Income: Anand Rathi

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Anand Rathi Report

Gujarat State Fertilizers and Chemicals Ltd.’s total operating income de-grew marginally by 6.6% and stood at Rs 17,404 million during Q4 FY21.

Consolidated Ebitda remains flat to Rs 1,451 million while Ebitda margin marginally grew by 51 basis points to 8.3%.

On the bottom-line front, profit after tax stood at Rs1,498 million for the quarter, showcasing a robust growth of 142.3% due to rise in other income (some parcel of land was sold).

Liquidity of the company is strong marked by healthy cash accruals against negligible term debt repayment obligations of Rs 560 million in FY21 and quoted equity investments to the tune of Rs 22,231 million as on March 31, 2021.

Click on the attachment to read the full report:

Anand Rathi Gujarat State Fertilizers & Chemicals Q4FY21 Result Update.pdf

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