GSFC Q2 FY27 standalone revenue Rs 4,711.35 cr, PAT Rs 183.08 cr

What the numbers show

• Net margin was 3.89% of revenue, down 630 bps from 10.19%.
• Total expenses rose 62.7% while revenue rose 50.0%.
• Purchases of stock-in-trade accounted for Rs 1,646.13 cr of the Rs 1,791.41 cr rise in total expenses (91%).
• Purchases of stock-in-trade took 47.1% of revenue, against 18.2% a year earlier.

Key numbers (standalone, Rs in crores)

• Revenue from operations: Rs 4,711.35 cr (Q2 FY26: Rs 3,139.91 cr)
• Other income: Rs 169.88 cr (Q2 FY26: Rs 142.33 cr)
• Total income: Rs 4,881.23 cr (Q2 FY26: Rs 3,282.24 cr)
• Cost of materials consumed: Rs 2,098.83 cr (Q2 FY26: Rs 1,310.94 cr)
• Purchase of stock-in-trade: Rs 2,217.99 cr (Q2 FY26: Rs 571.86 cr)
• Changes in inventories: Rs (322.64) cr (Q2 FY26: Rs 263.03 cr)
• Employee benefits expense: Rs 190.17 cr (Q2 FY26: Rs 190.40 cr)
• Finance costs: Rs 14.79 cr (Q2 FY26: Rs 1.79 cr)
• Depreciation and amortisation expense: Rs 54.66 cr (Q2 FY26: Rs 50.42 cr)
• Other expenses: Rs 196.83 cr (Q2 FY26: Rs 240.29 cr)
• Total expenses: Rs 4,650.11 cr (Q2 FY26: Rs 2,858.70 cr)
• Profit before tax: Rs 231.12 cr (Q2 FY26: Rs 423.54 cr)
• Tax expense: Rs 48.04 cr (Q2 FY26: Rs 103.46 cr)
• Profit after tax: Rs 183.08 cr (Q2 FY26: Rs 320.08 cr)
• Basic EPS (Rs 2 face value): Rs 4.60 (Q2 FY26: Rs 8.04)
• Diluted EPS (Rs 2 face value): Rs 4.60 (Q2 FY26: Rs 8.04)

According to the statement of financial results, Gujarat State Fertilizers & Chemicals Ltd reported standalone revenue from operations of Rs 4,711.35 cr for the quarter ended 30-Sep-26, up from Rs 3,139.91 cr in the corresponding quarter ended 30-Sep-25. Including other income of Rs 169.88 cr (Q2 FY26: Rs 142.33 cr), total income stood at Rs 4,881.23 cr versus Rs 3,282.24 cr a year earlier.

On the cost side, cost of materials consumed increased to Rs 2,098.83 cr from Rs 1,310.94 cr, while purchase of stock-in-trade rose to Rs 2,217.99 cr from Rs 571.86 cr. Changes in inventories of finished goods, work-in-progress and stock-in-trade moved to Rs (322.64) cr compared with Rs 263.03 cr in the year-ago quarter. Employee benefits expense was broadly similar at Rs 190.17 cr versus Rs 190.40 cr. Finance costs increased to Rs 14.79 cr from Rs 1.79 cr, and depreciation and amortisation expense rose to Rs 54.66 cr from Rs 50.42 cr. Other expenses declined to Rs 196.83 cr from Rs 240.29 cr. Total expenses were Rs 4,650.11 cr against Rs 2,858.70 cr in Q2 FY26.

Profit before tax on a standalone basis was Rs 231.12 cr for Q2 FY27, compared with Rs 423.54 cr in the same quarter last year. Total tax expense was Rs 48.04 cr versus Rs 103.46 cr a year earlier. This resulted in profit after tax of Rs 183.08 cr, down from Rs 320.08 cr in Q2 FY26. Basic and diluted earnings per share (of Rs 2 each) for the quarter were Rs 4.60, compared with Rs 8.04 in the corresponding prior-year quarter, as per the statement of financial results.