Today the Gujarat NRE Coke recorded a plunge over five times in its net profit to Rs 20.04 crore in the first quarter closed by June 30, ending the subsequent period a year ago.

The overall income plunge to Rs 452.15 crore in the April-June quarter during this fiscal year from Rs 310.04 crore last year.

According to Tulsian in an interview, that the problem with Gujarat NRE Coke is that it is very hard to forecast its bottom-line reason being if we consider the fall in the commodity prices by the Q2, which is termed in the part of the losses, to which the customer are adjusted by the company by providing them a credit note or either by providing them the goods at lesser price in the following quarter, in order to avoid the consistency.

Distant to the issues related to the commodity stocks, the group markedly has this problem.

He further added that till now the group have been providing the evaluation to this company mainly on the Australian subsidiary which has been held by Gujarat NRE which also has value close to approx Rs 3000 crore, the contemporary marketcap of Gujarat NRE which the group is enjoying the benefits.