GSFC Q3 FY26: PAT Jumps 32% to ₹38 Crore, Revenue Up 5% to ₹139 Crore
GSFC reported Q3 FY26 results with PAT up 32% to ₹38 crore and sales up 5% to ₹139 crore YoY. 9M FY26 Operating Revenue grew 9% to ₹8206 crore with EPS of ₹15.49. The company achieved highest fertilizer production in Q3 & 9M in 5 years. A 198 KTPA Sulphuric Acid plant was commissioned on Jan 7, 2026.
The results show positive growth and operational achievements, including record production and plant commissioning. However, the moderation in fertilizer segment EBIT due to raw material costs and a decline in the Caprolactam-Benzene spread indicate some challenges that temper the overall impact.
The company reported positive year-on-year growth in PAT and PBT, along with record production volumes and the commissioning of a new plant. Despite raw material price escalations, the company demonstrated resilience and maintained growth momentum.
Gujarat State Fertilizers & Chemicals Limited (GSFC) has announced its financial results for the third quarter and nine months ended December 31, 2025. The company reported a year-on-year growth in Q3 with sales expanding by 5% to ₹139 crore, Profit Before Tax (PBT) growing by 18% to ₹28 crore, and Profit After Tax (PAT) increasing by 32% to ₹38 crore.
For the nine months period ended December 31, 2025, Operating Revenue stood at ₹8206 crore, marking a 9% increase, with an Earnings Per Share (EPS) of ₹15.49.
The company achieved its highest fertilizer production in Q3 (5.07 LMT) and 9M (13.30 LMT) over the last five years. Similarly, the production and sale of APS reached record highs for Q3 and 9M in the same period. GSFC also reported a lower rate of Natural Gas by 2% in Q3 year-on-year and 6% in 9M year-on-year.
The Fertilizer segment revenue increased from ₹2172 crore to ₹2298 crore in Q3 on a YoY basis, with stable sales volumes of approximately 6.27 Lakh MT. Segment EBIT moderated to ₹119 crore from ₹126 crore due to a sharp escalation in key raw material prices, including Phosphoric Acid (up 34%), Sulphur (up 130%), and Sulphuric Acid (up 91%).
Industrial Products demonstrated steady performance in Q3 YoY, with sales increasing from ₹583 crore to ₹596 crore and EBIT improving to a profit of ₹9 crore. This was supported by a strategic focus on higher Melamine exports and increased traded Ammonia sales, which helped offset headwinds in other industrial products and a decline in the Caprolactam–Benzene spread to $495 per MT from $588 per MT.
GSFC has also commissioned its 198 KTPA Sulphuric Acid (SA-V) plant on January 7, 2026, as part of its Capex led growth plan. Further projects in the pipeline include C-Train Modification for APS Production at Sikka Unit and a Phosphoric Acid (PA) and Sulphuric Acid (SA) Project at Sikka Unit.
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