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News18
06-08-2025
- Business
- News18
Gujarat Narmada Valley Fertilizers and Chemicals says Q1 profit falls 30 pc
Last Updated: New Delhi, Aug 6 (PTI) Gujarat Narmada Valley Fertilizers and Chemicals on Wednesday posted around 30 per cent fall in consolidated net profit to Rs 83 crore in June quarter of FY26, impacted by a decline in revenues from core business segments and 'shutdown". Gujarat Narmada Valley Fertilizers and Chemicals Ltd (GNFC), which is also into information and technology, had logged a net profit of Rs 118 crore in April-June 2024-25, the company said in an exchange filing. The net profit was also down sequentially compared to the earning of Rs 211 crore in January-March period of 2024-25 financial year. In the reporting quarter, the company's consolidated total income declined to Rs 1,751 crore from Rs 2,120 crore in the June quarter of 2024-25. Revenues from fertilizers came down to Rs 577 crore from Rs 701 crore, and that of chemicals to Rs 1,005 crore from Rs 1,304 crore in the year-ago period. Expenses were at Rs 1,646 crore as against Rs 1,963 crore a year ago. Meanwhile, the board of the company approved the re-appointment of Bhadresh Mehta as an Independent Non-Executive Director for the second term of three consecutive years, from September 27, 2025 to September 26, 2028, subject to the approval of shareholders of the company at the ensuing Annual General Meeting. In a separate statement, the company's Managing Director T Natarajan said, 'Lower volume availability has affected the revenue, both, for fertilizer and chemical. In case of chemical segment, tough market conditions prevailed for products like Aniline & TDI (Toluene Diisocyanate ) which affected the realisations." On Q-o-Q & Y-o-Y basis, shutdown impact weighed on operating results, he said. In case of urea, higher energy as compared to allowable energy widened losses whereas some of the chemicals faced margin erosion due to lower realisations. PTI ABI HVA (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Business Standard
01-08-2025
- Business
- Business Standard
Aarti Industries Demonstrates Resilience in Challenging Q1; Strategic Expansions and Diversified Portfolio Set Stage for Recovery
PRNewswire Mumbai (Maharashtra) [India], August 1: Aarti Industries Limited (AIL), a leading global speciality chemicals company, today announced its consolidated financial results for the first quarter ended June 30, 2025. The company's unaudited results were approved by the Board of Directors at its meeting held earlier today. Q1 FY26 unfolded amid an exceptionally volatile macroeconomic environment, marked by steep corrections in key raw materials like benzene and aniline, geopolitical uncertainties, and ongoing trade disruptions. These external factors led to short-term pricing pressure and supply chain challenges. Despite these headwinds, AIL maintained operational continuity, ensured stable volume and continued advancing its long-term growth agenda. On a consolidated basis, income from operations stood at ₹ 1,867 Cr, compared to ₹ 2,214 Cr in Q4 FY25. EBITDA stood at ₹ 215 Cr, while Profit After Tax (PAT) stood at ₹ 43 Cr. While financial performance was impacted in the short term, the underlying health of the business remains strong, backed by our diversified portfolio, customer engagement, expanded capacities and disciplined execution. Financial Highlights (Q1 FY26) * Revenue: ₹ 1,867 Cr, reflecting near-term impact of raw-material corrections and deferred export flows * EBITDA: ₹ 215 Cr, with margins affected by input price volatility and temporary operational disruptions * PAT: ₹ 43 Cr, in line with operational trends and higher interest and depreciation Commenting on the performance, Mr. Suyog Kotecha, CEO and Executive Director, said: "This was a uniquely challenging quarter shaped by global and regional volatility. Yet, what remained consistent was our commitment to long-term value creation. Our volumes stayed resilient, key capacity expansions are ramping up, and our green and circular initiatives continue progressing as planned. We are already seeing signs of normalisation in customer activity, raw material costs, and logistics, which reinforces our confidence in a stronger performance ahead. With the recent development on the US tariff front, we are closely monitoring the situation to ascertain the impact and plan appropriate actions." Business Highlights * Inventory Losses: A steep decline in prices of Key RM, such as Benzene and Aniline, trailing softer international prices, resulted in inventory losses during the quarter. * Stable Core Performance: Except for the deferment in shipments due to logistics issues, Volume trends remained largely intact across most key product lines and segments, demonstrating gradual recovery in diversified end-use demand. * Expanded Capacities: Scale-up of MMA capacities from 200 KTPA to 260 KTPA will support volume growth in the coming quarters. * Energy Applications: QoQ volume remains flat due to delays in bulk shipments from June to July. Increased market reach will support the volume ramp-up from the expanded capacities. Base Business: Recovery visible in agro intermediates despite pricing pressures. Demand from dyes, pigments and pharma held steady. The Polymer and Additives segment is showing mixed trends across different product value chains. Strategic Updates * Zone IV Project: Progressing on track with commissioning targeted in a phased manner from H2FY26, marking a key foray into multiple new advanced chemistries. * Augene Chemicals JV (with Superform): Construction and market development are advancing steadily; commissioning expected in H1 CY26. * Re Aarti JV ( with ReSL): Pilot plastic waste recycling plant in Hyderabad on schedule; technology design finalised and vendor alignment in progress * Green Energy Transition: First solar PPA-linked facility to begin power supply this year; second hybrid plant expected by early FY27 While Q1 presented temporary challenges, AIL's long-term strategy remains firmly intact with key growth drivers - Sustained demand recovery across end-user sectors such as energy, polymers, and dyes, ongoing commissioning and scale-up of high-value chemistries, strong traction in sustainability-led platforms and flexible manufacturing infrastructure enabling adaptability. With these pillars in place, AIL is well-positioned to navigate near-term uncertainty and deliver consistent, value-led growth across global markets. About AIL Aarti Industries Limited (AIL) is one of the world's leading speciality chemical companies, combining process chemistry with scale-up engineering competence. The Company ranks globally 1st - 4th position for 75% of its portfolio and is a "Partner of Choice" for various Major Global & Domestic Customers. At the heart of AIL's operations is a dedication to sustainable development, seamlessly integrating environmental stewardship into its business model by leveraging cutting-edge technologies and a robust infrastructure to deliver solutions that balance economic growth with ecological responsibility. The Company's commitment to innovative and sustainable practices and immense care for its people and the planet defines its path to success.
Yahoo
02-07-2025
- Business
- Yahoo
Newsweek and Plant-A Insights Group Recognize ScienceSoft as a 2025 Midsize Workplace Leader
MCKINNEY, Texas, July 02, 2025--(BUSINESS WIRE)--ScienceSoft is honored to be recognized as one of America's Greatest Midsize Workplaces 2025 by Newsweek and Plant-A Insights Group. This distinction places us among the nation's top employers known for exceptional employee experience and organizational culture. To assemble this year's list, Newsweek and Plant-A Insights Group analyzed more than 3.5 million employee reviews, evaluated publicly available data about over 9,000 US companies, and conducted an extensive survey exploring what matters most in the workplace today. The evaluation combined a nationwide employee survey with deep data insights from Aniline, a workplace analytics firm. Over 120 performance indicators were reviewed, covering leadership, integrity, compensation, career development, culture and belonging, and work-life balance. At ScienceSoft, we believe outstanding IT services start with empowered, inspired, and happy people. We build a workplace where growth, purpose, and fairness are foundational, and every team member has the tools and encouragement to succeed. Our 750+ professionals — from software and QA engineers to business analysts and support specialists — thrive in a culture rooted in trust, continuous learning, and strong collaboration. We invest in mentorship, personalized growth plans, workplace flexibility, employee well-being, and cross-functional teamwork to ensure every team member feels supported and valued. ScienceSoft is a global IT consulting and software development company, established in 1989. Headquartered in McKinney, TX, with development centers in the EU and the Gulf Cooperation Council, we completed over 4,000 IT projects across industries — from healthcare and BFSI to retail and manufacturing. Earlier in 2025, ScienceSoft was also named one of the 100 Best Places to Work in Atlanta and Dallas by Built In. Let's Talk Work Culture and Innovation We're always eager to share insights into how ScienceSoft builds high-performing, resilient, and innovative development teams while supporting employee well-being. For interviews or opinion pieces, please follow the link. View source version on Contacts Media contact: Alexa Tsviatkova, Media and Analyst Relations Specialistadtsviatkova@ press@ Sign in to access your portfolio
