GNFC's Q4 Financial Results Show Negative Performance, Investors Beware

Gujarat Narmada Valley Fertilizers & Chemicals (GNFC), a midcap company in the fertilizer industry, recently announced its financial results for the quarter ended March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, GNFC has seen a negative performance in the quarter, with a score of -14, which has improved from -24 in the last 3 months. This indicates a decline in the company's financial health.

One of the major factors contributing to this decline is the Profit Before Tax (PBT) less Other Income, which has fallen by 78.57% year on year, standing at Rs 63.00 crore. The trend for PBT in the near term is also negative. Similarly, the Profit After Tax (PAT) has also seen a decline of 61.3% year on year, with a value of Rs 130.00 crore. The near term trend for PAT is also negative.

In terms of sales, GNFC has seen a decrease of 7.09% year on year, with a net sales value of Rs 2,110.00 crore. The near term trend for sales is also negative. Additionally, the company's non-operating income is 63.16% of the PBT, indicating a high reliance on non-business activities for income, which is not a sustainable business model.

Overall, the financial results for the quarter ended March 2024 show a decline in GNFC's performance. Investors should take note of these factors before making any investment decisions.