GSFC'S ED - Finance & CFO, VD Nanavaty On FY24, Fertilizer Sector And FY25 Growth Plans

Gujarat State Fertilisers and Chemicals (GSFCL) reported an 89% decline in consolidated net profit to Rs 24.43 crore for Q4 of 2023-24, primarily due to poor sales. This compares to a net profit of Rs 224.91 crore in the same quarter of the previous fiscal year. Total income decreased by 16.34% to Rs 2,017.46 crore in the January-March quarter of 2023-24, down from Rs 2,411.56 crore a year earlier. In an exclusive interview with Business Today TV, GSFC's ED - Finance & CFO, VD Nanavaty, discusses FY24 earnings, the sharp decline in Q4 profit, challenges in the Fertilizer & Chemical sector, and growth plans for FY25. Watch the interview to know more.