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GSFCL Q4 results: Net profit drops 89% to ₹24.43 crore due to external headwinds in fertilisers & industrial products
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₹24.43 crore for the fourth quarter of 2023-24 on poor sales. Its net profit stood at ₹224.91 crore in the same quarter in the preceding fiscal.
The total income fell 16.34 per cent to ₹2,017.46 crore in the January-March quarter of 2023-24 from ₹2,411.56 crore a year earlier, according to a regulatory filing. The company's expenses remained lower at ₹1,993 crore in the period under review against ₹2,105.74 crore a year ago.
The company said FY24 was a challenging year due to external headwinds in fertilisers and industrial products segments. "FY23-24 was a challenging year for the company due to external headwinds in both fertilisers and industrial products segments," GSFCL said.
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