Gujarat State Fertilizers & Chemicals Ltd (NSE:GSFC)

Q2 2026 Gujarat State Fertilizers & Chemicals Ltd Earnings Call Transcript

Nov 12, 2025 / 10:00AM GMT

Release Date Price: ₹196.4 (+6.66%)

Transcript

Key Points

Positve

Gujarat State Fertilizers & Chemicals Ltd (BOM:500690) reported a 21% year-over-year increase in revenue for Q2 FY26, reaching INR3,187 crores.
Profit before tax (PBT) rose by 11% year-over-year to INR428 crores, and profit after tax (PAT) increased by 9% to INR324 crores.
The fertilizer business saw a 21% gain in revenue, with sales volume increasing from 5.47 lakh metric tonnes to 6.08 lakh metric tonnes.
The Industrial Products segment registered a strong turnaround with sales up 13% year-over-year to INR618 crores and EBIT improving from a loss of INR17 crores to a profit of INR54 crores.
The company maintains a strong balance sheet with no long-term debt and healthy liquidity, supported by timely government subsidy disbursements.

Negative

Sharp rises in the cost of imported raw materials, such as phosphoric acid (20%), sulfuric acid (123%), and sulfur (150%), moderated EBIT to INR224 crores from INR257 crores.
A 15% drop in urea realization put pressure on margins, despite softer natural gas and ammonia prices.
The caprolactam benzene spread declined from $620 per metric tonne to $512 per metric tonne, impacting profitability.
The company anticipates continued pricing pressure in the industrial products segment due to cheaper Chinese imports.
The caprolactam benzene spread is expected to remain under pressure in the coming quarter amid oversupply conditions and continued influx of low-priced Chinese imports.

Operator

Ladies and gentlemen, good day, and welcome to the Gujarat State Fertilizers & Chemicals Limited conference call for Q2 FY26 earnings. This conference call is being hosted by Anurag Services LLP on behalf of GSFC Limited. From the management, we have Mr. S.K. Bajpai, Senior VP, Finance and Legal and CFO; Mr. S.V. Varma, Executive Director, Agri Business, HRS and IR; and other senior members from the management. (Operator Instructions)

I now hand the conference over to Mr. S.K. Bajpai, Senior VP, Finance and Legal and CFO, GSFC Limited. Thank you, and over to you, sir.

Sanjay Bajpai

Gujarat State Fertilizers & Chemicals Ltd - Senior Vice President - Finance & Chief Financial Officer

Thank you. So good afternoon, everyone. Thank you for joining us for quarter 2 2025-'26 earnings call of Gujarat State Fertilizers & Chemicals Limited. It's always great to connect with all of you and share the key updates that we have from the quarter. I'm hoping you had a chance to review the financial results, media release and investor presentation

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.