GSFC FY26 Net Profit Rises 13.8% to ₹673 Crore

Revenue grew to ₹10,945.50 crore from ₹9,533.96 crore; Board approves ₹5 per share dividend.

Reader Takeaway: Solid double-digit growth and debt-free status support payout, though input price volatility remains a key risk.

What just happened

Gujarat State Fertilizers & Chemicals (GSFC) has announced its annual results for FY 2025-26, highlighting a 13.8% increase in Profit After Tax (PAT) to ₹673 crore. The company declared a final dividend of ₹5 per equity share (250% of face value) with a record date of September 12, 2026. The 64th Annual General Meeting is scheduled for September 28, 2026.

Why this matters

The company’s ability to grow profit despite global commodity headwinds underscores its operational agility. GSFC effectively shifted its product mix toward high-realization segments like Melamine and Technical Grade Urea. Its transition into renewable energy, including the 15 MW solar project at Charanka, is expected to lower long-term operational costs and improve margins.

Growth and Strategy

GSFC is actively pursuing its decade-long growth strategy. Key recent milestones include the commissioning of the Urea-II Revamping Project and a 600 MTPD Sulphuric Acid-V plant. The acquisition of 276.7 hectares for the new Dahej complex positions the company for future capacity scaling.

Risks to watch

Management specifically flagged the sensitivity of margins to volatile global prices for natural gas, ammonia, and sulphur. While the company is debt-free, existing sub-judice matters, though not impacting the going concern status, require continued observation.

Context metrics

Operating EBITDA stood at ₹1,066.66 crore, reflecting a 12.7% growth over the previous fiscal. Earnings Per Share (EPS) for the year reached ₹16.88, compared to ₹14.83 in FY 2024-25.