| Revenue growth | 49% YoY Q2 revenue growth; 55% growth for H1 FY27. |
|---|---|
| Margins | Fertilizer margins severely compressed; Industrial products segment showed healthy expansion. |
| Demand visibility | Subdued Southwest Monsoon and low reservoir levels likely to constrain demand. |
| Management confidence | Optimistic about H2 recovery pending government subsidy revisions. |
Growth
Revenue grew 49% YoY, driven by higher DAP realizations despite a 6% decline in sales volumes.
Outlook
Investing ₹3,000 Cr in a 33-month phosphoric acid project to secure 50% captive consumption.
Risks
Fertilizer EBIT plummeted to ₹17Cr from ₹224Cr due to surging sulfur and gas costs.
Last quarter's promises, checked
Delivered
- Guided zero LT debt → delivered zero LT debt (= BEAT)
- Guided IP spread stable/soft → delivered IP sales +30% YoY (= BEAT)
Partly delivered
- Guided APS line in 'a month or two' → delivered commissioned 23 Oct (= PARTIAL)
- Guided Sikka acid disclosure in ~3 mo → delivered ₹3,000Cr phos acid only (= PARTIAL)
Missed
- Guided DAP/urea fully covered → delivered fert EBIT ₹17Cr vs ₹224Cr (= MISS)
- Guided >22LMT FY27, strong Q2 demand → delivered Q2 volume -6% YoY (= MISS)
- Guided NPK subsidy hike from 1 Oct → delivered revision still pending (= MISS)
Earnings Call Transcript filed with NSE, NSE: GSFC. Summary written with AI assistance from the document.
Gujarat State Fertilizer & Chemicals Ltd: key numbers
- Share price
- ₹140.40
- Market cap
- ₹5,595 Cr
- Revenue (annual)
- ₹10,946 Cr
- Net profit (annual)
- ₹672.8 Cr
- P/E (TTM)
- 9.8×Sector 19.8×
- Promoter holding
- 37.84%+0.00% QoQ
- FII holding
- 12.51%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Gujarat State Fertilizer & Chemicals Ltd
All →Gujarat State Fertilizer & Chemicals Merger & Restructuring Worth ₹0.65 Cr
GSFC will cut its GPLCL stake to 11%, selling 6.5 lakh shares to Gujarat Maritime Board for Rs 65 lakh. GPLCL will cease to be a subsidiary.
- Value
- ₹0.65 Cr
Gujarat State Fertilizer & Chemicals Investor Presentation: Key Takeaways
Q2 FY27 operating revenue Rs 4,711 Cr (+50% YoY), but PAT fell 43% to Rs 183 Cr and EBITDA fell 61% to Rs 131 Cr on raw-material cost spikes.
Gujarat State Fertilizer & Chemicals Q2 FY27 Results: Net Profit ₹200.2 Cr, Down 38.2% YoY
Gujarat State Fertilizer & Chemicals Ltd reported revenue from operations of ₹4,741 Cr (+48.7% YoY) and net profit of ₹200.2 Cr (-38.2% YoY) for Q2 FY27.
- Key figure
- Net profit ₹200.2 Cr · -38.2% YoY
Gujarat State Fertilizer & Chemicals Capacity Expansion
Gujarat State Fertilizers & Chemicals approved setting up a new Phosphoric Acid and Sulphuric Acid plant at its Sikka Unit for backward integration.
- manufacturing capacity
- 2400.0 MTPD
Gujarat State Fertilizer & Chemicals Board Meeting Date
Gujarat State Fertilizers & Chemicals Ltd has scheduled a board meeting for 2nd November, 2026, to consider and approve its unaudited financial results.
Gujarat State Fertilizer & Chemicals Other Announcement
Gujarat State Fertilizers & Chemicals Ltd has filed its quarterly shareholding pattern for the quarter ended September 30, 2026, as required under SEBI regulations.