Gujarat State Fertilizers & Chemicals Limited (GSFC) announced its Q1 FY27 results, showcasing record-breaking performance. Total revenue reached ₹3,581 crore, marking a 109% increase year-on-year. This surge was driven by exceptional growth in fertilizer sales, which grew 82% to ₹2,947 crore, and a 15% rise in industrial product sales to ₹635 crore. Profit After Tax also saw a substantial 15% growth, reaching ₹161 crore.
GSFC Reports Record Q1 FY27 Performance
Gujarat State Fertilizers & Chemicals Limited (GSFC) has declared its financial results for the first quarter of FY 2026-27 (Q1 FY27), highlighting a period of robust growth and record-breaking sales. The company achieved its highest-ever Q1 sales figure, with total revenue reaching ₹3,581 crore, representing a significant year-on-year increase of 109%.
Fertilizer Segment Drives Growth
The fertilizer segment delivered a standout performance, with sales soaring by 82% from ₹1,619 crore in the prior year’s corresponding quarter to ₹2,947 crore in Q1 FY27. Sales volumes in this segment grew by 17%, from 4.51 LMT to 5.26 LMT. This growth was primarily fueled by higher sales volumes of Manufactured and Traded DAP, supported by the Government’s DAP Special Package. Despite significant increases in raw material prices like Sulphur (up 231%) and Ammonia (up 144%), the Fertilizers segment reported an EBIT margin of 4.09%.
Industrial Products Show Strong Momentum
The Industrial Products segment also exhibited strong performance, with sales increasing by 15% to ₹635 crore compared to ₹553 crore in the previous year. Earnings Before Interest and Tax (EBIT) for this segment rose sharply from ₹25 crore to ₹116 crore. This improvement was largely attributable to higher sales of Caprolactam and a significant increase in the Capro-Benzene spread.
Profitability and Outlook
Profit After Tax for Q1 FY27 grew by 15% year-on-year to ₹161 crore. GSFC continues to focus on optimizing its product mix, enhancing operational efficiencies, and maintaining prudent inventory positioning to ensure timely product availability and safeguard margins.
Capex and Expansion Plans
The company is advancing its capital expenditure plans, with ongoing projects including ‘C – Train Modification for APS Production at Sikka Unit’ and the ‘Phosphoric Acid (PA) and Sulphuric Acid (SA) Project at Sikka’. These projects are progressing as per schedule, aimed at future growth and capacity enhancement.
Source: BSE
