India's Gujarat State Fertilizers & Chemicals falls on Q4 profit slump

Gujarat State Fertilizers & Chemicals

22/05/2024 07:49

** Shares of Gujarat State Fertilizers & Chemicals  GSFC.NS 
down 7.7% to 222.7 rupees
    ** Stock on track for worst day since mid-Feb
    ** Co's Q4 profit fell 89% YoY, mainly due to a steeper
decline in revenue than in costs
    ** Peers Chambal Fertilisers  CHMB.NS  and Paradeep
Phosphates  PRAO.NS  posted higher March-qtr profits earlier
this month
    ** GSFC down 8% YTD, CHMB and PRAO up 7% and 3% respectively

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))