GSP Crop Science Limited announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The company reported a 19.5% increase in Revenue from Operations for Q2 FY27 compared to the previous year. However, margins were under pressure due to industry challenges, leading to a decrease in Profit After Tax.
GSP Crop Science Announces Q2 and H1 FY27 Financial Results
GSP Crop Science Limited, an agrochemical manufacturer, has released its unaudited financial results for the second quarter (Q2 FY27) and the first half (H1 FY27) of the financial year ending September 30, 2026. The company reported a revenue growth of approximately 19.5% in Q2 FY27 amidst industry challenges.
Key Financial Highlights
The consolidated financial summary indicates the following:
- Revenue from Operations: Increased by 19.5% to ₹5,584 Mn in Q2 FY27 from ₹4,673 Mn in Q2 FY26. For H1 FY27, revenue grew by 11.9% to ₹9,444 Mn from ₹8,443 Mn in H1 FY26.
- Gross Profit: Saw a modest increase of 2.6% in Q2 FY27 to ₹1,932 Mn. Gross Profit Margin stood at 34.6% in Q2 FY27, down from 40.3% in Q2 FY26.
- EBITDA: Decreased by 21.0% to ₹736 Mn in Q2 FY27. EBITDA Margin was 13.2%, compared to 19.9% in the prior year.
- Profit after Tax (PAT): Declined by 23.7% to ₹446 Mn in Q2 FY27. PAT Margin was 8.0% in Q2 FY27, down from 12.5% in Q2 FY26.
Quarterly Performance Drivers
The company attributed the revenue increase primarily to improved realizations across key products. However, margins in Q2 FY27 were impacted by industry-wide cost pressures, including raw material procurement and supply chain challenges, coupled with lower sales of high-margin products. Cost optimization strategies were employed to mitigate these impacts.
In H1 FY27, an increase in other income was noted, mainly due to the gain on the sale of a fixed asset and forex gains. The company continues to focus on product innovation and strengthening its portfolio.
Industry Outlook
GSP Crop Science highlighted that the agrochemical industry is navigating an uncertain operating environment shaped by uneven monsoon conditions and cost pressures. The outlook for the coming quarters will depend on weather patterns and their impact on agricultural activity, with potential effects from El Niño conditions on sowing and crop-protection demand.
The company remains committed to advancing its product development initiatives and offering differentiated solutions to meet evolving crop-protection needs.
Source: BSE
