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