GNFC Q3 FY26: PAT ₹150 Cr, earnings due 18 May 2026

Earnings date and key disclosure

Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC) has an earnings update expected on 18/05/2026, according to the provided company data. Ahead of that date, the latest detailed quarterly performance available in the text is for Q3 FY 2025-26 (quarter-ended December), announced on 11 February 2026. The numbers point to a stable top line but weaker profitability compared with the previous quarter. The dataset also notes that promoter holding remained unchanged at 41.30% in the March 2026 quarter shareholding pattern.

Q3 FY26 headline performance

For Q3 FY26, GNFC reported total income of ₹2,093.00 crore on a consolidated basis. This was a marginal 0.1% decline quarter-on-quarter (QoQ) from ₹2,095.00 crore in Q2 FY26. On a year-on-year (YoY) basis, total income increased 1.8% from ₹2,056.00 crore in Q3 FY25. Expenses moved in the opposite direction, rising 1.3% QoQ and 2.4% YoY. The combination resulted in a decline in profit metrics during the quarter.

Profitability and EPS trend in Q3 FY26

Profit before tax (PBT) for Q3 FY26 stood at ₹204.00 crore. This was down 11.3% QoQ from ₹230.00 crore in Q2 FY26 and down 3.3% YoY from ₹211.00 crore in Q3 FY25. Profit after tax (PAT) came in at ₹150.00 crore, declining 16.2% QoQ from ₹179.00 crore and 8.0% YoY from ₹163.00 crore. EPS for the quarter was ₹10.20, compared with ₹12.18 in Q2 FY26 and ₹11.09 in Q3 FY25. The tax charge was ₹54.00 crore, up 1.9% both QoQ and YoY.

Expense movement and what the numbers show

Total expenses in Q3 FY26 were ₹1,889.00 crore versus ₹1,865.00 crore in Q2 FY26. Compared with Q3 FY25 expenses of ₹1,845.00 crore, the YoY increase was 2.4%. With revenue broadly flat, this cost rise is reflected in the sequential decline in PBT and PAT. The data does not provide a segment-wise break-up or specific cost line items, so the quarter’s margin movement cannot be attributed to a single factor from the text alone. Still, the headline trend is clear: costs rose while income was steady.

How Q2 FY26 compared: strong rebound quarter

GNFC’s Q2 FY26 (quarter-ended September) results, announced on 16 November 2025, showed a stronger quarter before the Q3 moderation. Total income was ₹2,095.00 crore, up 19.6% QoQ from ₹1,751.00 crore in Q1 FY26, and up 2.7% YoY from ₹2,040.00 crore in Q2 FY25. PAT for Q2 FY26 was ₹179.00 crore, up 115.7% QoQ and 70.5% YoY, while EPS was ₹12.18. In a separate Q2 note within the same dataset, GNFC also reported operating revenue of ₹1,968 crore (vs ₹1,917 crore in Q2 FY25), PBT of ₹230 crore (vs ₹135 crore), and PAT of ₹177 crore (vs ₹102 crore).

Management comment provided with Q2 FY26 results

The text includes a statement attributed to T. Natarajan, Managing Director, alongside the Q2 FY26 announcement. He said Q1 FY26 had an annual turnaround, making QoQ comparisons less meaningful, while the YoY improvement in Q2 was supported by better sales volumes and reduced input costs. The same note attributes changes in other comprehensive income to fair value changes in investments and actuarial assumptions related to employee benefit obligations. No comparable management quote is provided in the supplied Q3 FY26 summary.

Q1 FY26: weaker quarter after Q4 FY25

In Q1 FY26 (quarter-ended June), GNFC reported total income of ₹1,751.00 crore, down 21.1% QoQ from ₹2,218.00 crore in Q4 FY25 and down 17.4% YoY from ₹2,120.00 crore in Q1 FY25. PBT was ₹105.00 crore and PAT was ₹83.00 crore, both down sharply on QoQ and YoY comparisons as per the summary. EPS for Q1 FY26 was ₹5.70. The Q2 bounce and Q3 stabilisation in revenue need to be read alongside this lower base in Q1.

Shareholding and corporate information available in the dataset

The shareholding pattern line in the provided text states promoter holding remained unchanged at 41.30% in the March 2026 quarter. The dataset also lists GNFC’s registered office in Bharuch district, Gujarat, and provides contact details. It further lists the registrar’s address in Hyderabad, Telangana, along with telephone and email details. These are operational disclosures that investors often use for communication and investor services, especially around result dates and corporate actions.

Snapshot table: Q1 to Q3 FY26 financials (consolidated)

Source noted in the dataset: BSE and company announcements.

What to watch into 18 May 2026

With earnings expected on 18/05/2026, attention will likely remain on whether GNFC can defend profitability after the Q3 FY26 sequential decline in PBT, PAT and EPS. The provided Q3 summary also lists EBITDA at ₹278.00 crore for the quarter, alongside revenue and PAT highlights. Investors will also track any updates consistent with the March 2026 shareholding disclosure showing promoters at 41.30%. The dataset does not include guidance, capex plans, or segment-level commentary for the upcoming result, so the next concrete datapoint is the scheduled earnings update.

Company and registrar coordinates (as provided)