| Revenue growth | Q2 +50% YoY; H1 +56% YoY |
|---|---|
| Margins | Q2 EBITDA margin ~2.8% vs ~10.6% prior year. |
| Demand visibility | Rabi inventory highest in 3 years; monsoon subdued, NPK offtake weak. |
Growth
Operating revenue +50% YoY to Rs 4,711 Cr; H1 +56% to Rs 8,293 Cr. Fertilizer volume down 6%; DAP realisation drove sales.
Outlook
No numeric guidance. Sikka PA/SA project (198 KTPA PA, 594 KTPA SA) ongoing; APS train commissioned 23 Oct 2026.
Risks
Sulphur up 327% and natural gas up 62% cut fertilizer EBIT to Rs 17 Cr from Rs 224 Cr. Urea subsidy rates remain unsettled.
Last quarter's promises, checked
Delivered
- Sikka disclosure in ~3 mths → 198 KTPA PA / 594 KTPA SA (= BEAT)
Partly delivered
- APS commissioning in 1-2 mths → 23 Oct 2026 (= PARTIAL)
- FY27 sales >22 LT → Q2 vol -6%; H1 vol undisclosed (= PARTIAL)
Missed
- Strong Q2 demand → fert volume -6% YoY, NPK offtake weak (= MISS)
- Hoped NBS rise from 1 Oct → urea rates unsettled (= MISS)
Investor Presentation filed with BSE, NSE: GSFC. Summary written with AI assistance from the document.
Gujarat State Fertilizer & Chemicals Ltd: key numbers
- Share price
- ₹136.61
- Market cap
- ₹5,444 Cr
- Revenue (annual)
- ₹10,946 Cr
- Net profit (annual)
- ₹672.8 Cr
- P/E (TTM)
- 7.9×Sector 18.4×
- 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 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.
Gujarat State Fertilizer & Chemicals Credit Rating
CARE Ratings reaffirmed GSFC's credit ratings for bank facilities and Commercial Papers. Long-term bank facilities carry a CARE AA+ rating with a stable outlook.