Gujarat State Fertilizers & Chemicals Ltd. Announces Unaudited Earnings Results for the Quarter and Year to Date Ended December 31, 2012
January 29, 2013 at 08:28 am EST
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Gujarat State Fertilizers & Chemicals Ltd. announced unaudited earnings results for the quarter and year to date ended December 31, 2012. For the quarter, the company reported net sales of INR 17,294.3 million against INR 13,000.2 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,960.0 million against INR 2,271.7 million a year ago. Profit from ordinary activities before tax was INR 2,045.4 million against INR 2,533.8 million a year ago. Net profit for the period was INR 1,364.9 million against INR 1,723.5 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 3.43 against INR 4.33 a year ago.
For the year to date, the company reported net sales of INR 45,572.9 million against INR 37,718.3 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 5,727.5 million against INR 7,456.5 million a year ago. Profit from ordinary activities before tax was INR 6,692.8 million against INR 7,740.4 million a year ago. Net profit for the period was INR 4,596.6 million against INR 5,272.3 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 11.54 against INR 13.23 a year ago.
Gujarat State Fertilizers & Chemicals Limited is an India-based company engaged in the production of fertilizers and chemicals. The Company operates through two segments: Fertilizer Products and Industrial Products. The Fertilizer Products segment consists of urea, ammonium sulphate, di-ammonium phosphate, ammonium phosphate sulphate, NPK (12:32:16), (10:26:26), traded fertilizer products, and others. The Industrial Products segment includes caprolactam, nylon-6, nylon chips, melamine, methanol, traded industrial products, and others. Its product categories include fertilizers, industrial products: major, industrial products: other, water-soluble fertilizers, sulfur-based products, plant tissue culture, micronutrients, plant growth promoters, soil conditioners, organic products, and seeds. The Companyâs agro services include Agrinet Call Center, Farm Youth Training Program, Crop Demonstrations, Krishi Jivan, Horticulture Department, and Soil Testing Laboratory.